American Express SimplyCash Preferred Card
American Express
- 4%Cash back on eligible gas and grocery purchases
- 2%Cash back on all other eligible purchases
The current welcome bonus for the SimplyCash Preferred Card from American Express gives you up to CA$250 in total bonus value.
The American Express SimplyCash Preferred Card earns 4% cash back on eligible gas and grocery purchases in Canada and 2% cash back on all other eligible purchases.
What sets this card apart is its high cash back rate on essential categories like gas and groceries, making it a favorite among those who prioritize everyday spending.
Pros:
- High cash back on gas and groceries
- Strong overall cash back structure
Cons:
- Monthly fee adds up
- Limited acceptance compared to Visa
The American Express SimplyCash Preferred Card is well-suited for individuals who frequently spend on gas and groceries, as it offers a competitive cash back rate in these categories. With an annual fee of CA$119.88 and a welcome bonus of CA$250, this card may appeal to those looking to maximize their cash back rewards on everyday purchases, provided they are comfortable with the associated fees.