SimplyCash® Preferred Card from American Express
Fees
Earning Rates
- Earn 4% cash back on gas station purchases in Canada.
- Earn 4% cash back on grocery purchases in Canada, up to $1,200 cash back annually.
- Earn an unlimited 2% cash back on all other card purchases.
Main Benefits
- Enjoy exclusive ticket access, virtual events, live performances and more with American Express® Experiences, and travel & purchase insurance.
Card Details
Earning Rewards
The American Express SimplyCash Preferred Card earns cash back at the following rates:
- 4% cash back on eligible gas station purchases in Canada
- 4% cash back on eligible grocery purchases in Canada, up to $1,200 cash back annually.
- 2% cash back on everything else with no limit to the amount of cash back you can earn!
Perks & Benefits
Here are the main benefits of the American Express SimplyCash Preferred Card:
- American Express Experiences: Enjoy exclusive ticket access, virtual events, live performances and more. This includes Front Of The Line® Presales, Front Of The Line® Reserved tickets, and entertainment, dining, retail, wellness, and onsite benefits with American Express® Experiences.
- Travel & Purchase Insurance: Out of Province/Country Emergency Medical Insurance, Flight Delay Insurance, Baggage Delay Insurance, Hotel Burglary Insurance, Lost or Stolen Baggage Insurance, $100,000 Travel Accident Insurance, Car Rental Theft and Damage Insurance, Mobile Device Insurance, Buyer’s Assurance® Protection Plan, and Purchase Protection® Plan.
Card Fees
Annual Fee
The American Express SimplyCash Preferred Card has a monthly fee of $9.99 for a total cost of $119.88 per year.
Authorized User Fee
There is no cost to add authorized users to the American Express SimplyCash Preferred Card.
Foreign Transaction Fee
The American Express SimplyCash Preferred Card has a foreign currency conversion fee of 2.5%. This means you will be penalized when using this card to make purchases that are not in Canadian Dollars.
AMEX Cash Back Calculator
Input your monthly and yearly spend amounts to calculate how much cash back you can earn with the AMEX SimplyCash Preferred Card. Compare the results side by side up to 2 credit cards to find out which cards are best for you.
Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.
Card Details All links open in new tab (so you will not lose your calculations).
Edit Card Details
Edit Card Name
Set the name of the card to something of your choosing. Leave it blank to default back to normal card name.
Quick Assign
Use quick assign to quickly toggle this card on for Spend Categories in the calculator. If the card is already assigned, toggling off will set the category to No Selection.
Currency Codes
Any currencies you add to the tool will be selectable when entering spend into the Spend Categories section of the calculator.
Do note that any foreign currencies selected will automatically be converted to the card's default currency when calculating rewards.
Currency Name
Add Status / Loyalty
You can add elite status to one or more columns. This allows you to calculate the extra points you would receive from having status with that program.
If the status is already added, you can update the currency the status is based on by specifying a different currency than what the one in the calculator already has.
NOTE: Elite status is automatically added to the calculator for most credit cards that grant it.
Clear / Remove...
If you're looking to quickly assign cards to multiple categories, click on the card itself under the Credit Cards section.
Card Select
Select the card you will use for this category.
Do note that the order of the categories in the Category Spending section makes a difference. Spend is calculate by month in order of categories listed.
