American Express Simply Cash Card Canada Review and Benefits

The American Express Simply Cash Card Canada is a popular choice for Canadians looking for a cashback rewards credit card. It offers a straightforward 1.25% cashback on all purchases, with no rotating categories or spending limits.

This card is perfect for those who want a hassle-free rewards experience. The cashback rewards are automatically credited to your account, with no need to track or redeem points.

The American Express Simply Cash Card Canada also offers a welcome bonus of 25% more cashback for the first 6 months, up to $150 in cashback rewards. This is a great incentive for new cardholders to get started with the card.

With no annual fee for the first year, and a low $99 annual fee thereafter, this card is a great option for those who want to earn cashback rewards without breaking the bank.

Broaden your view: Huntington Cashback Credit Card

The American Express SimplyCash Card in Canada offers a range of rewards and earning opportunities. You can earn 2% cash back on eligible gas station purchases.

The card also offers 2% cash back on eligible grocery purchases in Canada, up to $300 cash back annually. This is a great incentive for those who regularly shop for groceries.

For all other purchases, you'll earn 1.25% cash back with no limit to the amount of cash back you can earn. This means you can earn cash back on your everyday purchases, from dining out to clothing.

One of the standout features of the American Express SimplyCash Card is its welcome bonus. You can earn up to $100 in statement credits by spending $3,000 in the first 10 months. This is broken down into $10 statement credits each month for the first 10 months.

Here's a breakdown of the earning rates:

Note that there is an annual spending cap of $15,000 for gas and grocery purchases. This applies to each category, so you'll earn 1.25% cash back on gas and grocery purchases once you reach this limit.

A fresh viewpoint: American Express Blue Cash Preferred Grocery Store List

The SimplyCash Preferred Card from American Express offers an even more generous welcome bonus of up to $250. You can earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). This is over and above the card's everyday earn rates, making it a more attractive option for those who want to maximize their rewards.

You might like: American Express Blue Cash Everyday $250 Bonus

The American Express SimplyCash Card Canada offers a range of benefits and perks that make it a great option for those looking for a no-fee credit card. You'll enjoy exclusive ticket access and virtual events through American Express Experiences, including Front Of The Line Presales and Front Of The Line Reserved tickets.

Travel and purchase insurance is also included, with Travel Accident Insurance, Buyer's Assurance Protection Plan, and Purchase Protection Plan. This can provide peace of mind when making purchases or traveling.

The card also offers a welcome bonus of up to $100 in statement credits, earned by spending $300 per month for 10 months. To put this into perspective, that's a total of $3,000 in spending required to earn the full welcome offer.

Check this out: American Express Green Card Travel Insurance

Here are the main benefits and perks of the American Express SimplyCash Card Canada:

The American Express SimplyCash Card has no annual fee, which is a significant advantage for those who want to avoid paying extra for their card.

You'll also appreciate that there's no foreign transaction fee, although be aware that you will be charged a foreign currency conversion fee of 2.5% for purchases made in currencies other than Canadian Dollars.

Here's an interesting read: Discover Credit Card No Ssn

The American Express SimplyCash Card has no annual fee. This is a significant advantage for cardholders who want to avoid paying extra for their credit card.

One of the best no-annual-fee credit cards in Canada is the SimplyCash Card from American Express. It offers excellent value for everyday spenders and savvy travellers.

The SimplyCash Card has a $0 annual fee, making it an attractive option for those who want to earn cashback without paying extra. This fee-free policy is a major selling point for the card.

With its no-annual-fee policy, the SimplyCash Card is a great choice for Canadians who want to earn cashback on their everyday purchases.

Intriguing read: American Express Blue Annual Fee

The American Express SimplyCash Card has a foreign currency conversion fee of 2.5%, which means you'll be penalized when using this card to make purchases that aren't in Canadian Dollars.

This fee can add up quickly, especially if you're traveling abroad.

Some credit cards have no foreign transaction fees, making them a better choice for international travel.

The American Express SimplyCash card is a solid choice for those looking for a no-fee card with a good earning rate. It's worth comparing this card to others before you apply.

In fact, the article highlights that the SimplyCash card is strong since it offers a good earning rate and has no annual fee. This makes it a great option for those who want to avoid paying a yearly fee.

However, it's still a good idea to do some research and compare the SimplyCash card to other options before making a decision.

For more insights, see: Usaa Rate Advantage Visa Platinum Credit Card

The American Express SimplyCash card is a solid choice, but it's essential to compare it to other options before applying.

It offers a good earning rate, which is a significant advantage. The card has no annual fee, making it a more attractive option for those who want to avoid added expenses.

You should consider the SimplyCash card's earning rate and lack of annual fee when comparing it to other cards, but it's still worth exploring other options to find the best fit.

You might enjoy: Citi Custom Cash Card Annual Fee

To be eligible for a credit card, you'll need to meet certain requirements.

You must be a Canadian resident, which means you have a permanent address in Canada.

You'll also need to have a Canadian credit history, which is essential for getting approved.

In addition, you must be the age of majority in the province or territory where you live, which varies by region.

A credit score of at least 660 is recommended for approval, although it's not explicitly stated as a requirement.

You don't need to meet a minimum income requirement to be considered for this card, which is a plus for those with lower incomes.

Suggestion: Do You Need a Card for Cash App

The SimplyCash Card from American Express is a great option for Canadians looking to earn cash back on their purchases.

The annual fee is $0, which is a great perk for those who want to avoid extra charges.

You'll also pay $0 for additional cards, making it a great option for families or businesses.

The annual interest rate is 21.99% on purchases and 21.99% on funds advances, so it's essential to pay your balance in full each month to avoid interest charges.

Additionally, if you miss a payment, you'll be charged a rate between 25.99% and 28.99%.

Here are the earn rates for the SimplyCash Card: