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SimplyCash® Preferred Card from American Express

Network Provider: American Express
Provider: American Express
Type: Rewards
Annual fee: $119.88 $9.99 monthly
Purchase interest rate: 21.99%
Cash advance rate: 21.99% *provided you make your minimum monthly payments on time
Balance transfer rate: N/A
Credit Needed: Good (650-749)

Card description

Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.

Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases
No limit to the amount of cash back you can earn
No annual fee for additional cards
Penalty APR on missed payments ranges from 25.99% to 28.99%
Access events and special offers curated for Cardmembers with Amex Experiences^TM
Extensive insurance coverage and 24/7 customer service

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment

Card Features

24/7 Customer Service
Entertainment Benefits
Extended Warranty
Purchase Protection
Rental Car Insurance
Travel Insurance

About This Card

The American Express SimplyCash Preferred Card credit card is a premium cash back card for people with a good credit score. Like many premium cards, the SimplyCash Preferred comes with a monthly fee of $9.99 (equal to $119.88 annually), but it doesn’t have a minimum income requirement like many similar higher-end cards.

The card has a standard annual interest rate of 21.99% on purchases and 21.99% on cash advances.

Why get the SimplyCash® Preferred Card from American Express?

Entertainment benefits - Cardholders can take nights out on the town to a new level with Amex Experiences^TM. Once they register, cardholders can purchase tickets for a variety of events before they go on sale to the public. They’ll also be able to access tickets specially reserved for American Express members and will receive special offers on exclusive experiences like advanced film screenings.

All the latest payment options - In addition to chip-and-PIN purchases, you can also tap the card for contactless payment, or use Apple Pay or Android Pay with your smartphone and smartwatch.

Get covered automatically - The SimplyCash Preferred Card comes with a comprehensive coverage plan that includes insurance for out-of-province and international emergency medical coverage, car rental theft and damage insurance, flight delay insurance, lost or stolen baggage insurance, hotel burglary insurance, and last but not least, purchase protection on most items you can buy using your card. The manufacturer’s warranty will be doubled and eligible items are covered against accidental damage and theft, which can save you hundreds of dollars.

Want to know more about the SimplyCash Preferred Card from American Express?

Read an in-depth review of this card from our team.

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