SimplyCash Preferred Card from American Express
Annual Fee
$99.00
Interest Rate
19.99%
Balance Transfer
22.99%*
Cash Advance
22.99%
Credit Score
Good
Rewards
5.00%*
- Earn 5% cashback in your first 6 months.
- Earn 2% cash back when your Welcome Rate ends.
- There’s no limit to how much cash back you can earn.
- Refer a friend and you could earn a bonus of $150 cash back for each approved referral up to a maximum annual referral bonus of $2,250 Cash Back.
- 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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Car Rental Theft and Damage Insurance
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$100,000 Travel Accident Insurance
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Emergency Medical Insurance(Out of Province/Country)
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Lost or Stolen Baggage Insurance
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Flight and Baggage Delay Insurance
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Hotel / Motel Burglary 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
Summary
The SimplyCash Preferred Card from American Express is a cash back card with an attractive promotional earnings rate of 5% for the first six months, and 2% thereafter on all purchases. 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 extensive travel insurance and purchase protection, giving this card potential to earn and save. The $99 annual fee may seem pretty steep, but the cash back earning potential alone of this card balances it out pretty nicely, not to mention all the extra special perks!
Our Review
SimplyCash Preferred Card from American Express
The SimplyCash Preferred Card from American Express is a cash back card with an attractive promotional earnings rate of 5% for the first six months, and 2% thereafter on all purchases. 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 extensive travel insurance and purchase protection, giving this card potential to earn and save. The $99 annual fee may seem pretty steep, but the cash back earning potential alone of this card balances it out pretty nicely, not to mention all the extra special perks!
As per our rating system, this card scored 20/25 on rewards, 17/25 on interest rates and balance transfers, 18/25 on perks and insurance, and 22/25 on annual fees. Therefore, the total smart score of this card is 77/100.
Pros
- Earn 5% cash back in your first 6 months. (300$ earnings cap)
- Earn 2% cash back when your Welcome Rate ends.
- There’s no limit to how much cash back you can earn.
- Introductory interest rate on balance transfers of only 1.99% for the first six months.
- Refer a friend and you could earn a bonus of $150 cash back for each approved referral up to a maximum annual referral bonus of $2,250 Cash Back.
- Enjoy access to American Express Front Of The Line exclusive perks.
- Extensive travel and shopping insurance coverage.
Cons
- $99 annual fee
- The cash back earnings for the 6 month promotional period are capped at $300
- American Express is not accepted everywhere.