SimplyCash® Card from American Express

Rewards Calculator Algorithm

You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.


Total Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

$0

Rewards based on $0 average spending

Card Details

Annual Rewards

$301.46

First Year Bonus

$100

Annual Fee

$0

First Year Value

$401.46

$301.46 in years after

Interest Rates

Cash Advance: 21.99*

Purchase: 21.99*

Annual Fee

$0

Annual Income

Personal: N/A

Household: N/A

Credit Score

Good

Welcome Bonus

Earn up to $100 in Statement Credits by earning a $10 statement credit for each monthly billing period in which you spend $300 on your Card in your first 10 months as a new SimplyCash® Card from American Express Cardmember. This could add up to $100 in statement credits in the first 10 months. Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.

Card Type

Cash Back

Our Rating

3.5/5

Institution

American Express

Rewards


  • 2% cash back on eligible gas and grocery purchases in Canada (up to $300 cash back annually)
  • 1.25% cash back on all other eligible purchases

SimplyCash® Card from American Express Cash Back Calculator

Based on average spending


Rewards Breakdown

Gas

$39.74


Groceries

$38.7


All other purchases

$223.01


Net Annual Rewards

$301.46

Rewards Summary

Net Annual Rewards

$301.46


First Year Bonus

$100


First Year Value

$401.46

Insurance & Benefits


Insurance

Coverage

  • heart lock

    Travel Accident

    Up to $100,000
  • purchase protection

    Purchase Protection

    90 days or theft up to $1,000 per occurrence
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • Amex logo

    American Express Experiences

    Front Of The Line® Presales, Front Of The Line® Reserved tickets and more.

Pros & Cons


Pros

  • No annual fee: The card does not charge an annual fee, making it accessible and cost-effective.
  • Attractive cash-back rates: Offers a solid structure for earning cash-back on eligible purchases.
  • Exclusive Amex perks: Provides benefits such as access to concert tickets and enhanced security for online shopping.
  • Cons

    High-interest rates: Carries higher interest rates on purchases and cash advances.
  • Annual cash-back cap: Limits the total amount of cash-back you can earn within a year.
  • Limited travel and shopping insurance: The card lacks comprehensive travel and shopping coverage compared to other premium cards.
  • American Express acceptance: Amex is not accepted as widely as Visa or Mastercard.

  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check for full details and current product information.
    * If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

    We may earn a commission for some of the products featured on this site. The content and reviews on FinlyWealth are independent and not influenced by advertisers. For the latest details on any product, please visit the advertiser's official website. The content provided on this website, including any credit card recommendations, is for informational and entertainment purposes only and does not constitute financial, legal, or tax advice. The owner and author(s) of this website are not financial, legal, or tax professionals. All views and opinions expressed herein are solely those of the author(s) and may not reflect the best choice for your unique situation. Always consult with a qualified professional before making any financial decisions. The owner and author(s) of this website shall not be held liable for any inaccuracies, errors, or omissions in the content or any resulting actions taken by readers.Copyright © FinlyWealth 2024 All Rights Reserved.