SimplyCash® Card from American Express

Flytrippers opinion: A good no-annual-fee cashback card, one of the best even.
Flytrippers Valuation
of Welcome bonus (net value)

via Amex secure application link
$ 160

Rewards: $160

Card fee: $0

Card eligibility
no minimum income
required

Welcome bonus eligibility
must not have had
this specific card
ever before
Cash back (more simple)
Bonus: $100
Earn on min. spend: $60 (total: $160)
How to unlock bonus
spend $3000
in 10 months




Terms and conditions apply. Flytrippers editorial opinion only. Amex is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information.

Summary of Flytrippers' review

WHY GET THIS CARD

  • Good welcome bonus of ≈ $160
  • Simple fixed-value cash back
  • Great earn rates
  • Free additional cards

WHO SHOULD GET THIS CARD

  • Those who prefer cash back, which is less valuable than travel rewards
  • Those with a lower income (no minimum income required)

Card details

Rewards from welcome bonus

You will have $160 as cash back and statement credits after unlocking the Welcome Bonus.

That gives you:

  • $160 in free travel at the Flytrippers Valuation

Concrete examples of redemptions

Here are some of the actual redemptions you can get with these rewards:

$160 in very simple cash back and statement credits

‣Learn more about the best uses of Amex cash back (coming soon)

Welcome bonus structure

$100 in statement credits Welcome bonus after spending $300 per month in the first 10 months (10 separate $10 monthly bonuses)
+
$60 in cash back Earn on the required spending for monthly bonuses (at multiplier earn rate of 2%)

‣Apply for the SimplyCash® Card from American Express

Flytrippers Valuation of the welcome bonus

$100 Welcome bonus (10 separate monthly bonuses of $10)
$60 Earn on the spend for monthly bonuses (2% cash back on $3000)
–$0 Card fee (No-annual-fee card)

≈ $160 in rewards with the welcome bonus alone

(that’s 5% back on the spending requirement of $3,000 over 10 months)

Learn more our Flytrippers Valuation of welcome bonuses

Earn rate (at Flytrippers Valuation)

2% cash back per $ on groceries, gas, and lots of other businesses indirectly via grocery store gift cards
1.25% cash back per $ everywhere else

(Multiplier rate applies only to $15,000 of spending per membership year or $300 cash back.)

‣Learn more about credit card earn rates (coming soon)

Earning with additional cards

Fee for additional cards: $0
Quantity allowed: 9
Minimum age: 13 years old

‣Learn more about additional cards (coming soon)

Amex Offers program
Access to discounts, credits, and special offers throughout the year.

Learn more about the Amex Offers program

American Express Experiences program
Access to exclusive virtual and in-person experiences and pre-sale tickets to lots of events.

‣Learn more about the American Express Experiences program (coming soon)

Insurance included

Travel accident insurance
Purchase insurance
Extended warranty

‣Learn more about the SimplyCash® Card from American Express‘ insurance coverage (coming soon)

Insurance not included

Medical travel insurance
Travel cancelation insurance
Trip interruption insurance
Flight delay insurance
Baggage delay insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Mobile device insurance

‣Learn more about the different types of insurance coverage (coming soon)

Redemptions
Cash back is very simple, which is why it’s less valuable: you’ll get cashback on your statement directly every year.

Learn more about the Amex cash back program (coming soon)

Value
Like all cash back, Amex cash back rewards are fixed-value rewards. Amex cash back is always worth 1¢ (1% back = 1¢).

Learn more about Amex cash back (coming soon)

Expiry
Amex cash back doesn’t expire as long as you have your card.

Learn more about Amex cash back expiry (coming soon)

Pooling
You cannot pool your cash back with travel buddies.

Learn more about pooling rewards (coming soon)

Transfers
Cash back cannot be transferred to more valuable rewards programs.

Learn more about point transfers (coming soon)

Other redemption options
Cash back can only be used as cash back.

Learn more about why you should always use your rewards for travel (coming soon)

Rewards program logistics
Your cash back will be applied automatically.

Learn more about how to get started with Amex cash back (coming soon)

Rewards program summary
Rewards: Cash back
Type: Fixed-value rewards
Subtype: “Eraser” fixed-value rewards
Variety: Bank rewards
Flytrippers Valuation: 1¢
Minimum value: 1¢
Maximum value: 1¢
Transferable: No

Learn more about rewards programs basics (coming soon)

Card eligibility
Minimum personal/household income: $0
Age: Majority in your province
Estimated credit score: Good or Excellent
Credit bureau: TransUnion

Learn more about credit card eligibility requirements (coming soon)

Welcome bonus eligibility
You must not have had the SimplyCash® Card from American Express before.

Learn more about credit card welcome bonus eligibility rules (coming soon)

Offer end date
Offers subject to change at any time.

Subscribe to Flytrippers’ free travel rewards newsletter to get all card updates

Card details
Issuer: American Express Bank (Amex)
Network: American Express
Card Type: Credit card
Product Type: Personal card

‣Learn more about credit card types (coming soon)

Fees and rates
Card fee: $0
Fee for additional card: $0
FX fee: 2.5%
Purchases annual interest rate: 21.99%
Penalty interest rate: 25.99% – 28.99%
Funds advances annual interest rate: 21,99%
Balance transfer fee: N/A

Learn more about why Flytrippers recommends ignoring fees and rates (coming soon)

• 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

• Earn accelerated earn rates on eligible gas and grocery purchases

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

• Access events and special offers curated for Cardmembers with American Express® Experiences

• Insurance coverage and 24/7 Customer Service

• 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 link. Conditions apply

Start earning rewards today

And make sure to download our free checklist for when you get a new card—it includes very important mistakes to avoid
(it will open in a separate tab, or you can click here)

via Amex secure application

*Beta version of card page. Sign up to get updated guide soon.*

Terms & conditions — Travel rewards

Terms and conditions apply.

This content is not sponsored. However, this page may contain some affiliate links that allow Flytrippers to earn a commission at absolutely no cost to you. Thank you for using our links and helping us keep all our content free for everyone. This helps us fulfill our mission of helping Canadians travel more for less.

The views and opinions expressed on this page are purely our own. They have not been provided, approved, endorsed, or ratified by any third party mentioned on the site.

Financial institutions are not responsible for updating or ensuring the accuracy of the information on Flytrippers’ website. All the information was independently collected by Flytrippers and not provided by financial institutions.

All offers described on the Flytrippers website are subject to the financial institutions’ latest terms and conditions, which can be found on their official website. No efforts are spared to ensure this page is up to date but offers from financial institutions change quickly. It is your responsibility to ensure the accuracy of these offers on their website. Flytrippers will not accept any responsibility for the accuracy of the offers or the result of your actions.

Flytrippers’ website does not contain all available credit card offers or all available credit card products on the market. In addition, Flytrippers never shares an offer if it is not considered advantageous for some travelers, at its sole discretion.

No author on Flytrippers’ website is a financial advisor, a financial planner, a legal professional, or a tax professional. No author on Flytrippers’ website can in any way be considered as such.

All articles, pages, and content on Flytrippers’ website are merely personal opinions of a general nature and are for informational purposes only and should not be considered advice for specific situations. It is your responsibility to perform your own personal research to ensure that travel rewards are appropriate for your own situation.

You can learn more about our terms of use here.

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