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SimplyCash Preferred Card from American Express

Strong cash back Cash BackRewards
3.8
★★★★☆

Solid value

CardPick score · from real fees, rewards & perks
You'll finish your application securely on American Express's own website.
Welcome value
$400
est. first-year value
Annual fee
$119.88
per year
Purchase interest
21.99%
on carried balances
Rewards type
cashback
on eligible spend
🛒
4% value on groceries
Your top earn category
🎁
$400 welcome bonus
Estimated first-year value
🛡️
6 insurance coverages
Built-in protection

Rewards

Base earn rate2% cash back on all other purchases
Welcome bonusEarn up to $400 in Statement Credits by earning a $40 statement credit for each monthly billing period in which you spend $750 on your Card in your first 10 months as a new SimplyCash Preferred Card from American Express Cardmember.
Rewards typecashback

Fees & rates

Annual fee$119.88
Additional card$0
Purchase interest rate21.99%
Cash advance rate21.99%
Foreign transaction fee2.5% (typical)

Standout perks

Dining & Entertainment Benefits
Shopping Benefits
24/7 Customer Service
Fraud Protection Guarantee
Buyer's Assurance Protection Plan
Emergency Card Replacement

Everyday features

📱 Apple Pay & Google Pay
🔒 Zero-liability fraud protection
📶 Tap to pay
🛒 Purchase security

Insurance coverage

🛡️

travel medical

Included — see issuer for details.

🛡️

flight delay

Included — see issuer for details.

🛡️

baggage delay

Included — see issuer for details.

🛡️

rental car

Included — see issuer for details.

🛡️

baggage loss

Included — see issuer for details.

🛡️

hotel burglary

Included — see issuer for details.

Eligibility

Minimum personal income$15,000
Credit score guidanceGood (660+)
ResidencyCanadian resident