Annual Fee
$99
Extra Card Fee
$0
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Promo Transfer
1.99%
Promo Term
6 months
Personal Income
$0
Household Income
$0
Canadian resident who has reached the provincial age of majority.
  • Earn 5% cash back on all eligible purchases for the first 6 months (up to $300 cash back)*.
  • Earn 2% cash back on all other purchases and after the first 6 months.
  • Balance Transfer rate of 1.99% for the first 6 months.
  • No limits, tiers or restrictions on the amount of cash back you can earn.
  • Enjoy Front of the Line advance ticket sales and reserved seating.
  • 9 different types of insurance including: 15 days of emergency medical, hotel burglary, and purchase protection.
  • Access to American Express Invites.
  • Free supplementary cards.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply Now button.

*Conditions apply.

Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $100,000
Emergency Medical 15 days
Flight Delay $500
Baggage Delay $500
Lost or Stolen Baggage $500
Hotel Burglary $500
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

Our Review

The newly revamped American Express SimplyCash Prefered card is one of the top cash back cards on the market right now and for good reason. With 2% cash back on everything you buy, this card has the best all-purchase cash back rate of any card.

Then there's also an introductory rate of 5% cash back*, up to $300 earned, on all purchases for the first 6 months, that lets you earn even more.

If you spend more than $1,000 per month, then the $99 annual fee will be easily paid for with even more cash left in your pocket when compared to a 1% no fee card.

Some cool perks include:

  • Amex Invites and Front of the Line,
  • 9 different insurance (see the Insurance Coverage tab above), and...
  • for no extra fee, you can add a secondary user, and...

With this card, the more you spend, the more cash back you'll get...because there's no limit or cap.

If an annual fee isn't your thing, no worries. Because this card has a no fee version.

Two downfalls:

There are some stores that just won't accept Amex, but plenty do and more are being added all the time. However, for peace of mind, you could always pair your Amex with a Visa or Mastercard to make sure you don't miss out on any rewards.

And, you only get to redeem your cash once a year as a statement credit but that does help you save it up so you don't fritter it away.

Featured In

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