Credit Cards

AMEX SimplyCash™ Preferred credit card review

If you live in Canada and you're looking for a rewards credit card, we have a suggestion for you. Use your high credit score to get the AMEX SimplyCash™ Preferred credit card.

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Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

Enjoy up to 10% cashback that will make the annual fee worth it

AMEX SimplyCash™ Preferred
Get this card to earn cashback on every purchase. Source: The Post New.

You won’t believe what you’ll see on this AMEX SimplyCash™ Preferred credit card review. But believe us, it’s true. This card has incomparable cashback rates that any Canadian will love.

AMEX SimplyCash™ Preferred

How to get AMEX SimplyCash™ Preferred?

Learn how to apply for the AMEX SimplyCash™ Preferred. You can get up to $400 welcome bonus and many other perks and benefits.

Credit cards issued by American Express are known for their high fees. But with these cashback rates, you can earn multiple times the amount you are paying to use this card. This review will tell you everything about it.

  • Credit Score: Good/Excellent
  • APR: 19.99% APR for purchases (Until October 12, 2022. After this date, the APR will be 24.99%) See Rates & Fees.
  • Annual Fee: $99 (Only until October 12, 2022. After this date, cardmembers must pay a $119.88 annual fee in the form of $9.99 monthly fees). See Rates & Fees.
  • Fees: No Fee for additional cards; 2.5% foreign transaction fee; $29 fee for over limit; $25 late payment fee. See Rates & Fees.
  • Welcome bonus: 10% cashback for 4 months to up to $4,000 in purchases. *Terms Apply
  • Rewards: 10% cashback for 4 months (or up to $400 cashback) and 2% flat rate after your welcome offer ends. *Terms Apply

AMEX SimplyCash™ Preferred: is it a good card?

American Express has excellent premium credit cards, and so is this one. The AMEX SimplyCash™ Preferred credit card comes with many benefits and perks. But what makes it shine is the cashback rates.

You’ll pay $99 per year to use this card, but you can earn unlimited cashback, including the $400 welcome bonus. This card is almost an extra income.

Along with all this cashback, you’ll also get travel and shopping coverage, 24/7 customer service, exclusive AMEX offers, and much more. 

So, if you usually spend a good monthly amount on your credit card, the AMEX SimplyCash™ Preferred is a good deal. 

AMEX SimplyCash™ Preferred: should you get one?

Every credit card has its ups and downs, even an American Express. This AMEX SimplyCash™ Preferred review will highlight for you the pros and possible cons you’ll get by using this credit card.

Benefits

  • A valuable welcome offer that can give you up to a $400 cash bonus. Terms apply.
  • Up to 2% flat cashback rate on every purchase, unlimited.
  • Travel benefits, like flight and baggage delay insurance, $100,000 insurance coverage for travel accidents, and more.
  • Exclusive pre-sale for cultural events.
  • Fraud protection and efficient customer service.
  • Option to split a part of your balance into installments.

Disadvantages

  • Only people with high credit scores can access this credit card.
  • The 10% cashback rate from the welcome bonus has a spending cap.
  • If you miss 2 or 3 payments, your interest rates will increase.

What is the required credit score?

Checking Credit Score Online On Laptop And Mobile Phone
You’ll need a good or excellent credit score to apply for this card. Source: Adobe Stock.

Like most American Express credit cards, this one requires a good or excellent credit score. you have a higher chance of getting approved if you have a credit score above 700.

AMEX SimplyCash™ Preferred application

If you’d like to enjoy all the benefits, you saw in this review, read the next content to learn how to apply for the AMEX SimplyCash™ Preferred credit card.

AMEX SimplyCash™ Preferred

How to get AMEX SimplyCash™ Preferred?

Learn how to apply for the AMEX SimplyCash™ Preferred. You can get up to $400 welcome bonus and many other perks and benefits.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

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