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The SimplyCash Card from American Express stands out as one of the best no-annual-fee credit cards in Canada. With a $0 annual fee and the ability to earn up to 2% cashback on everyday purchases, this card delivers excellent value for both everyday spenders and savvy travellers.
On top of that, the SimplyCash Card offers an impressive welcome bonus to help you start earning rewards right away, making it an easy choice for Canadians looking to get the most from their spending. Whether you’re fueling up at the pump, stocking up on groceries, or paying for everyday essentials, this card is designed to put money back in your pocket.
Ready to experience the benefits of the SimplyCash Card? Apply now!
How to Earn the Welcome Bonus
New cardholders can take advantage of one of the most generous offers available: Earn 5% cashback on all purchases, up to $2,000, in the first three months. That’s an extra $100 cashback just for using your card for everyday expenses—a great way to kickstart your rewards.
Qualifying for the welcome bonus is simple: Spend $2,000 within the first three months of card membership, and the cashback will be automatically credited to your account. For most Canadian households, this spending threshold is easily met through routine purchases like groceries, gas, and monthly bills.
This bonus ensures immediate value and provides a strong start to your SimplyCash rewards journey. Don’t miss out—apply now!
Card Fees
The card’s interest rates are competitive for its category:
- Annual Fee: $0
- Supplementary Card Fee: $0
- Purchase Interest Rate: 21.99%
- Foreign Transaction Fee: 2.5%
- Cash Advance Interest Rate: 21.99%
- Penalty APR: 25.99%–28.99% variable
The SimplyCash Card keeps things affordable with no annual fee. Supplementary cards are also free, which is ideal for households that want to maximize cashback with multiple users. However, foreign transaction fees apply at 2.5%, so international travellers may need to consider this when making purchases abroad.
These rates are standard for entry-level cards and highlight the importance of paying balances in full to avoid interest charges.
How to Earn Rewards
The SimplyCash Card’s earning structure is straightforward, making it easy to understand where your cashback comes from. For everyday purchases, you’ll earn:
- 2% cashback on gas at stand-alone gas stations in Canada, up to $15,000 annually. After reaching this cap, you’ll earn 1.25%.
- 2% cashback on groceries at stand-alone grocery stores in Canada, also up to $15,000 annually. Purchases at superstores, wholesale clubs, and alcohol retailers are excluded from this category.
- 1.25% cashback on all other eligible purchases, with no cap.
Cashback Examples
Gas Spending
Frequent drivers will find the $15,000 annual cap on gas purchases to be more than sufficient for most budgets:
- Spending $1,250 per month on gas reaches the cap in 12 months, earning $300 cashback at the 2% rate.
- Even moderate drivers spending $500 per month would still earn $120 cashback annually, staying well below the cap.
Grocery Spending
Groceries are another category where the 2% cashback rate shines, and the $15,000 cap ensures high earning potential:
- A household spending $1,250 per month on groceries would hit the cap and earn $300 cashback annually.
- With a more modest grocery budget of $750 per month, you’ll earn $180 cashback annually, without approaching the cap.
These caps are designed to accommodate a wide range of spending habits, allowing most households to maximize rewards on gas and groceries while enjoying unlimited 1.25% cashback on all other eligible purchases.
How to Get Approved
The SimplyCash Card has accessible approval criteria, making it a practical choice for many Canadians. Applicants typically need a credit score of 670 or higher, along with a stable personal income.
Although there is no publicly stated minimum income requirement, this card is well-suited for individuals earning between $35,000 and $70,000 annually, including salaried employees and freelancers with consistent income.
To qualify, you must also meet the age of majority in your province or territory. If you meet these straightforward criteria, applying is simple.
Think you’re eligible? Apply for the SimplyCash Card now and start earning rewards!
How to Redeem Points
The SimplyCash Card is designed for simplicity, and its cashback redemption reflects this. Cashback is automatically credited to your American Express account annually in September. There’s no need to track points or worry about conversion rates—just enjoy your cashback as a statement credit.
While this card doesn’t offer point transfers to airline programs, its straightforward cashback rewards make it ideal for those who prefer ease of use.
Amex Experiences Benefits
One of the standout features of the SimplyCash Card is access to Amex Experiences, which includes a range of exclusive offers and events. Cardholders can enjoy:
- Front of the Line Presale Access for tickets to concerts, shows, and events, allowing you to secure seats before the general public.
- Exclusive Venue Perks, such as dedicated entrances, premium lounges, and priority service at top locations like Massey Hall.
- Amex Offers, which provide discounts and rewards at popular retailers, restaurants, and online shops.
These perks enhance the value of the card, especially for those who enjoy dining, entertainment, and shopping experiences.
Insurance Coverage
The SimplyCash Card includes several valuable insurance benefits, offering peace of mind for purchases and travel:
- Travel Accident Insurance: Up to $100,000 in coverage for accidental death or dismemberment when travelling on a common carrier.
- Purchase Protection: Covers eligible items against accidental damage or theft for up to 90 days, with a limit of $1,000 per incident.
- Extended Warranty: Doubles the manufacturer’s warranty for up to two years, with coverage of up to $10,000 per item annually.
These features provide added security, making the card an excellent choice for both travellers and everyday spenders.
How to Earn the Referral Bonus
The SimplyCash Card’s referral program is a great way to earn even more rewards. For every successful referral, you’ll receive $100 cashback.
With a maximum of 25 referrals annually, you could earn up to $375 in additional cashback. This program is perfect for sharing the card’s benefits with friends and family while boosting your own rewards.
Start earning even more by referring friends—get your SimplyCash Card today!
Who Should Get This Card
The SimplyCash Card is ideal for Canadians who value cashback rewards and prefer a straightforward earning structure. It’s a great fit for:
- Everyday spenders who frequent gas stations and grocery stores.
- Individuals seeking a no-annual-fee card with meaningful perks.
- Those who want access to exclusive Amex Experiences without a premium fee.
If you’re looking for simplicity and high-value cashback, this card checks all the boxes.
Conclusion: Is the SimplyCash Card Right for You?
The SimplyCash Card offers excellent rewards and no annual fee, making it a top choice for Canadians seeking simplicity and value. Its cash back earning structure, exclusive Amex Experiences, and insurance coverage add significant appeal, especially for everyday spenders and occasional travellers.
If you’re looking for a simple, rewarding card that delivers real value without annual fees, the SimplyCash Card deserves your attention. Apply for the SimplyCash Card here!
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