American Express
Earn 2% back everywhere and up to 4% on gas and groceries. Low annual fee and exclusive statement credits included. Fast approval process. Boost your rewards now!
The SimplyCash Preferred Card from American Express offers a standout cash-back program, delivering 2% cash back on all purchases with no complicated tiering. Cardholders get 4% back on gas and grocery purchases, maximizing earnings on key everyday spending categories. The annual fee is $119.88. Introductory offers can provide up to $250 in value for new applicants. The card also includes up to $60 in Instacart statement credits, broadening its appeal for those seeking both value and convenience. Interest rates are 21.99% for purchases, consistent with most premium Canadian credit cards. Credit approval typically requires a score between 660 and 724.
Come candidarsi: passo dopo passo
1. Visit the official card application page and complete the online form with your personal details.
2. Submit required identification and confirm your Canadian residency and age of majority.
3. Provide income and employment information as requested.
4. Consent to a credit check and review card terms.
5. Submit your application. Most applicants receive a decision within minutes.
Strong Pros to Consider
One of the leading advantages is the elevated cash-back rate. You receive 2% on everyday spending and 4% on key categories such as gas and groceries, unlike many cards with lower base rates or rotating bonuses.
Furthermore, the card is user-friendly; there are no category activations or tiering to track. Bonus features like purchase protection and travel insurance add further value for cardholders seeking security and peace of mind.
Potenziali contro da tenere a mente
The annual fee, just under $120, may deter those looking for a truly no-fee card. If your spending is mostly outside bonus categories, you may not maximize rewards relative to the fee.
As an American Express product, acceptance varies by merchant, especially in smaller towns or at select retailers. It’s wise to keep a secondary card if Amex isn’t always accepted in your area.
Verdetto finale
For Canadians seeking a hassle-free and lucrative cash-back card, the SimplyCash Preferred Card delivers with high earn rates and valuable perks. The straightforward rewards structure means you can focus on spending, not tracking complicated categories. Despite a moderate annual fee, substantial cash-back, premium insurance, and extra credits make this card a leading choice for those who want exceptional value and simplicity.
