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for the SimplyCash from American Express
Card Details at a Glance
- Welcome Bonus:
- Card Type:
- Credit Card
- Product Type:
- Personal Card
- Material:
- Plastic
- Category:
- Cash Back
- Points Currency:
- Cashback
- $10 statement credit
- for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months.
- 2% Cash Back
- on eligible gas purchases in Canada (up to $300 cash back annually).
- 1.25% Cash Back
- on all other eligible purchases.
- Annual Fee:
- $0
- Extra Card Fee:
- No annual fee
- Purchase Interest:
- 20.99%
- Cash Advance:
- 21.99%
- Foreign Transfer Fee:
- 2.50%
- Balance Transfer:
- n/a
- Residency & Age:
- A Canadian resident who has reached the provincial age of majority.
- Estimated Credit Score:
- Good Credit, 600+
- Income Requirement:
- n/a
The entry level Amex SimplyCash Card in Canada is a great way to earn Cash Back rewards on all of your purchases with no limits.
Welcome Bonus
The welcome bonus on the SimplyCash Card comes in the form of a spending bonus. In your first 10 months as a new SimplyCash® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months.
Considering the Card is free with no annual fee, it’s an easy way to come out ahead if the spend requirement already fits your budget. And with no annual fee on a supplementary card either, you can meet the minimum spend even easier.
Changes to the welcome bonus on the SimplyCash Card are few and far between so this offer should be here for a while.
Earning Rate
After the 6 month introductory earning rate, you’ll earn 1.25% Cash Back on all purchases with no limits.
Double Dip on Cash Back Rewards: Join Great Canadian Rebates for Free.
Where is American Express Accepted in Canada?
Cashback rewards on all purchases is a great Card perk, but the biggest downside of Amex in Canada is that it’s not accepted everywhere. You’re best strategy is to also carry a Visa or Mastercard for times when it’s not.
View the Map: Where is Amex accepted in Canada?
Refer Friends and Earn Cash Back
Potentially the biggest advantage to the SimplyCash Card is the ability to refer friends, family and business associates to also sign up for the Card. You can earn up to $750 cash back each year for your approved referrals. You’ll receive $50 for each referral, up to a maximum of 15 per year. So as long as you’re a Cardmember, you can keep the referrals going.
Insurance Coverage
This Card comes with up to $100,000 of travel insurance when you charge the full purchase to your SimplyCash Card.
You’ll also be covered under the purchase protection plan for stolen or damaged purchases within the first 90 days of purchase.
As well as the Buyer’s Assurance Protection Plan which extends the manufacturer’s original warranty up to 1 year on eligible items.
Learn More: Amex SimplyCash Card Insurance Coverage
American Express Experiences
Get access to entertainment and more through American Express Experiences: Enjoy a variety of special offers and events in music, sports, entertainment, dining, retail and more created for Cardmembers.
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