Simply Cash Preferred Card: 2% Cashback on all Purchases and Referral Bonuses

The SimplyCash Preferred is a credit card with the full backing of American Express, offering a 10% cashback bonus on all purchases for the first 3 months.

The card is also quite comprehensive in terms of general cashback, providing 4% cashback on gas and groceries. Learn how to apply.

SEE HOW TO APPLY

Searching for More?

American Express is a highly esteemed financial institution, not only in North America but around the world.

With that reputation, it brings its credit cards to the Canadian market, showcasing the SimplyCash Preferred as an appealing choice with competitive benefits.

The Amex card provides different levels of cashback on eligible purchases, such as:

4% cashback on grocery store spending, with an annual limit of $1,2000
4% cashback on gas stations

For all other qualifying purchases, there is an unlimited 2% cashback that can be redeemed at any time.

These benefits are what make the card stand out in Canada, earning accolades like the best cash-back credit card from RWRDS and Money Genius.

American Express highlights that the credit limit is tailored to each customer based on their financial profile. Consequently, the SimplyCash limit is determined through a comprehensive evaluation of your spending habits and creditworthiness.

The card offers a bonus of up to $250 in statement credits: 10% cashback on purchases up to $200 during the first three months, plus an additional $50 when you make purchases in the 13th month.

There is a monthly fee of $9.99, which amounts to approximately $119.88 annually, with an interest rate of 21.99% per year. There is no additional fee for supplementary cards.

To qualify for an American Express card, you need to demonstrate a solid credit history, including a high credit score, which is a standard requirement for cards in this category.

The entire application process can be completed conveniently online through the bank’s digital platforms.

The card offers a range of travel-related protections, including out-of-country medical coverage, insurance for flight and baggage delays, lost luggage protection, and coverage for hotel theft.

It also provides mobile device insurance when you fully pay for your phone using the SimplyCash card.

Additionally, the Amex card comes with various other perks, such as exclusive pre-sales for entertainment events, reserved tickets for special experiences, unique opportunities through American Express Experiences, gourmet dining offers, and a purchase protection plan.

You’ll also benefit from 24/7 customer service, a fraud protection guarantee, and flexible payment options.

With these features, the SimplyCash credit card ensures convenient and efficient management of your finances, helping you avoid issues both in Canada and abroad, while providing the trusted security of American Express.

Want to learn another option?

If you are looking for a simpler credit card that still offers good quality, you might want to check out the Neo Money Card, a completely different approach to managing your finances.

Neo is a company that brings the innovation of technology to revolutionize the banking world, and you can learn how to apply.

SEE HOW TO APPLY