SimplyCash Preferred Card from American Express
Last updated:
$100/year
Opens issuer website
Key Details
Annual Fee
$100
Network
amex
Credit Required
good, excellent
Reward Type
cashback
Rewards Earn Rates
2x
Groceries
2x
Gas
2x
Dining
2x
Travel
2x
Everything Else
Highlights
- 2% cashback on all purchases
- Highest flat-rate cashback in Canada
- No bonus category tracking needed
- Travel insurance included
Pros & Cons
Pros
- + Industry-leading 2% flat cashback rate
- + No category restrictions
- + Solid travel insurance
- + Annual fee is easily offset by 2% earn rate
Cons
- – $99.99/year annual fee
- – Amex acceptance limitations
- – No welcome bonus typically
Who Is This Card For?
The SimplyCash Preferred Card from American Express is best suited for Canadians who prioritize cashback, groceries, gas spending. At $100/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Extended Warranty
Purchase Protection
90 days
Insurance Coverage Details
Ways to Reduce the Annual Fee
- At $5,000/year in spending, the 2% earn ($100) already covers the annual fee
- Best for people who want one simple card for everything
Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for SimplyCash Preferred Card from American ExpressAffiliate link · Disclosure
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.