| Flytrippers opinion: A good cash back card, especially for those who spend a lot on just 1 card. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Flytrippers Valuation of Welcome bonus (net value) |
via Amex secure application link |
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$ 80ⓘ Rewards: $200 Card fee: $120 |
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Card eligibility
no minimum income required Welcome bonus eligibility must not have had this specific card ever before |
Cash back (more simple)
Bonus: 10% cash back (bonus rate replaces regular earn rate) • $200 as simple cash back |
How to unlock bonus
spend $2,000 in 3 months |
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| 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Offer structure
$200 in cash back Total with the bonus
‣Apply for the SimplyCash® Preferred Card from American Express
Total rewards by unlocking the welcome bonus
$200 in cash back Welcome bonus + Earn on the minimum spending requirement to unlock it
‣Apply for the SimplyCash® Preferred Card from American Express
Net value
$80 Total net value by unlocking the welcome bonus alone
‣ Details about our Flytrippers Valuation of welcome bonuses
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Effective return rate
4.0% Return on the minimum spending requirement of $2,000 in 3 months
‣ Details about effective return rates (coming soon)
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Rewards acquisition summary
$80 Rewards you get for $120 in fees paid
‣Apply for the SimplyCash® Preferred Card from American Express
Value of redemption options (welcome bonus)
For each available redemption option, here is the value of the $200 in cashback you get by unlocking the welcome bonus:
‣ Details about using Amex cash back (coming soon)
Redemptions for cash back
The more simple type of rewards redemption, with a fixed value. It is worth less but gives you more flexibility. Amex cash back is really as simple as rewards can be, as you can use it to simply erase any charge on your card.
Redeem your $200 in Amex cash back for:
‣ Details about using Amex cash back (coming soon)
Amex Offers program
Access to discounts, credits, and special offers throughout the year.
‣Learn more about the Amex Offers program
Amex ExperiencesTM
Access to exclusive virtual and in-person experiences and pre-sale tickets to lots of events.
‣Learn more about Amex ExperiencesTM (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)
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)
Pooling (with separate cards that earn Amex cash back)
You cannot pool cash back across your separate cards that earn Amex cash back. But the rewards are so easy to redeem that you don’t need to pool them either.
‣ Details about pooling rewards from separate cards (coming soon)
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Pooling (with travel companions)
You cannot pool cash back with travel companions. But the rewards are so easy to redeem that you don’t need to pool them either.
‣ Details about pooling rewards with travel companions (coming soon)
Expiration (if you have the card)
Amex cash back never expires as long as you have the SimplyCash® Preferred Card from American Express!
‣ Details about Amex cash back expiration (coming soon)
How to get started
‣ Details about the steps to follow when applying for a new card in Flytrippers’ free checklist
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How to use/manage rewards
‣ Learn more about how to use/manage Amex cash back (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: $120
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)
• Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 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 Amex ExperiencesTM
• 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. 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
via Amex secure application
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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.
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Valuation $80
Terms and conditions apply
Apply now for the SimplyCash® Preferred Card from American Express and get a welcome bonus worth $80!