SimplyCash Card from American Express
Annual Fee
$0.00
Interest Rate
19.99%
Balance Transfer
1.99%*
Cash Advance
22.99%
Credit Score
Good
Rewards
2.50%*
- Earn 2.5% cashback in your first 3 months (up to $150 cashback).
- Earn 1.25% cash back on purchases when your Welcome Rate ends.
- There’s no limit to the amount of cash back you can earn!
- Refer a friend and you could earn a bonus of $100 cash back for each approved referral up to a maximum annual referral bonus of $1,500 Cash Back.
- Enjoy a special 1.99% introductory interest rate on Balance Transfers for the first 6 months
- Front Of The Line Advance Access: cardmembers can purchase Front Of The Line pre-sale tickets or make Front Of The Line reservations to some of the most in-demand concerts, theatre productions, restaurants and special events, often before the general public.
- Front Of The Line Reserved Tickets: during the public on-sale period for many major events, Cardmembers can purchase Front Of The Line tickets from a block of great seats reserved exclusively for American Express.
- Front Of The Line E-Updates
- Special Offers & Experiences for all Cardmembers, from advance screenings of blockbuster movies, to weekend getaway packages and special online and in-store shopping deals.
- Special Access for all Cardmembers: breeze through the line with the American Express entrance at Budweiser Stage, sit back and relax in American Express Lounges at Budweiser Stage, Roy Thomson Hall, and enjoy express service at the American Express bar at Massey Hall.
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$100,000 Travel Accident Insurance
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Buyer’s Assurance Protection Plan
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Purchase Protection Plan
- You must be a Canadian resident and have a Canadian credit file
- You must be the age of majority in the province or territory where you live
The SimplyCash Card from American Express is a cash back card with an attractive promotional earnings rate of 2.5% on eligible gas, groceries and restaurant purchases for the first three months, and 1.25% thereafter on all purchases. The 2.5% cash back rate, however, is capped at $150 in earnings before dropping back down to 1.25%- still pretty nice for a card with no annual fee! This card also offers special Front Of The Line access to great music, theatre, dining, film, fashion and shopping experiences. You can earn cash back on any purchase made with the card, plus benefit from some travel insurance and purchase protection. After the initial three month period, there’s no limit to how much cash back you can earn, making this card a great option for everyday purchases.
Summary
The SimplyCash Preferred Card from American Express is a card for those who want cash back rewards and special Front Of The Line access to great music, theatre, dining, film, fashion and shopping experiences!
Earn 2.5% cashback in your first 3 months (up to $150 cashback) and 1.25% cashback thereafter!
Our Review
SimplyCash Card from American Express
The SimplyCash Card from American Express is a cash back card with an attractive promotional earnings rate of 2.5% on eligible gas, groceries and restaurant purchases for the first three months, and 1.25% thereafter on all purchases. The 2.5% cash back rate, however, is capped at $150 in earnings before dropping back down to 1.25%- still pretty nice for a card with no annual fee! This card also offers special Front Of The Line access to great music, theatre, dining, film, fashion and shopping experiences. You can earn cash back on any purchase made with the card, plus benefit from some travel insurance and purchase protection. After the initial three month period, there’s no limit to how much cash back you can earn, making this card a great option for everyday purchases.
As per our rating system, this card scored 19/25 on rewards, 18/25 on interest rates and balance transfers, 10/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 72/100.
Pros
- Earn 2.5% cashback in your first 3 months (up to $150 cashback).
- Earn 1.25% cash back on purchases when your Welcome Rate ends.
- No annual fee
- There’s no limit to the amount of cash back you can earn!
- Refer a friend and you could earn a bonus of $100 cash back for each approved referral up to a maximum annual referral bonus of $1,500 Cash Back.
- Enjoy a special 1.99% introductory interest rate on Balance Transfers for the first 6 months
- Access to Front Of The Line perks through American Express.
- Travel insurance, purchase protection and extended warranty are included.
- Outstanding debt from other credit cards can be transferred to this card to take advantage of the lower interest rate of 1.99% in the first 6 months of card membership.
Cons
- The 3 month welcome bonus of 2.5% cash back is capped at $150 in earnings- after that, the rate will go down to the regular 1.25% rate.
- The 1.25% cash back rate is relatively low
- Cash back is awarded annually, leaving you with a lengthy waiting period to collect your rewards.
- You may only take advantage of the balance transfer deal if you apply for it at the same time as you apply for the card online.
- Travel insurance is limited.
- American Express is not accepted everywhere.