SimplyCash® Preferred Card from American Express

Flytrippers Opinion: A good cash back card, especially for those who spend a lot on just 1 card.
Flytrippers Valuation
of Welcome Bonus (net value)

via Amex secure application link
$ 160

Rewards: $280*

Card Fee: $120

Earn cashback
fixed-value rewards

Uses: for any expense
How to unlock bonus
spend $3000 in 4 months

(*minimum value: $160
*maximum value: $160)
Card eligibility
minimum income required: $0

Welcome Bonus eligibility
must not have had this specific card before
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.
Flytrippers Opinion: A good cash back card, especially for those who spend a lot on just 1 card.
Flytrippers Valuation
of Welcome Bonus (net value)
$ 160

Rewards: $280*

Card Fee: $120

How to unlock bonus
spend $3000 in 4 months

(*minimum value: $160
*maximum value: $160)
fixed-value rewards
Uses: for any expense

via Amex secure application link
Card eligibility
minimum income required: $0

Welcome Bonus eligibility
must not have had this specific card before
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
  • Travel & retail insurance coverage
  • Great earn rates
  • Free additional cards

WHO SHOULD GET THIS CARD

  • Those who prefer cash back, which is less valuable than travel rewards
  • Those who spend more on just 1 card and want to unlock the full 10-month bonus that isn’t included in our Flytrippers Valuation
  • Those with a lower income (no minimum income required)

Card details

Rewards from welcome bonus

You will have $280 as cashback and statement credits after unlocking the Welcome Bonus.

That gives you:

  • $280 in free travel at the Flytrippers Valuation

Concrete examples of redemptions

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

$280 in very simple cashback and statement credits

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

Welcome bonus structure

$160 in statement credits Welcome bonus after spending $750 per month in the first 4 months (4 separate $40 monthly bonuses)
+
$120 in cashback Earn on the required spending for monthly bonuses (at multiplier earn rate of 4%)

Monthly bonus ($40) every month in which you spend $750 for another 6 months also offered but not included in our Flytrippers Valuation

‣Apply for the SimplyCash® Preferred Card from American Express

Flytrippers Valuation of the welcome bonus

$160 Welcome bonus (4 monthly bonuses of $40)
$120 Earn on the spend for monthly bonuses (4% cash back on $3,000)
–$120 Card fee (Deducted from Flytrippers Valuation)

$160 in rewards with the welcome bonus alone

(that’s 5% back on the spending requirement of $3,000 over 4 months)

Learn more our Flytrippers Valuation of welcome bonuses

Earn rates

4% cash back per $ on groceries, gas, and lots of other businesses indirectly via grocery store gift cards
2% cash back per $ everywhere else

(Multiplier rate applies only to $30,000 of spending per membership year or $1200 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

Medical travel insurance 15 days (64 years and under)
Flight delay insurance
Baggage delay insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Travel accident insurance
Purchase insurance
Extended warranty

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

Insurance not included

Travel cancelation insurance
Trip interruption 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 directly on your statement 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® Preferred 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: $119.88 ($9.99 per month) 
Fee for additional card: $0
FX fee: 2.5%
Purchases annual interest rate: 20.99%
Penalty interest rate: 24.99% – 26.99%
Funds advances annual interest rate: N/A
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® Preferred Card from American Express Cardmember, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to $400 in statement credits in the first 10 months

• Earn accelerated earn rates on eligible gas and grocery purchases

• Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases

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

• Extensive 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.*

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