Amex SimplyCash Preferred
American Express
- 2%Cash back on all purchases
Earn up to CA$250 in bonus value, including a bonus 10% cash back on all purchases (up to CA$2,000 in purchases) in your first 3 months.
Earn 2% cash back on all purchases with no limit.
The Amex SimplyCash Preferred is a standout for its straightforward cash back structure, allowing cardholders to earn 2% on all purchases without any limits, making it a flexible choice for everyday spending.
Pros:
- Straightforward cash back structure
- No limit on cash back earnings
Cons:
- Annual fee applies
- Limited bonus categories
The Amex SimplyCash Preferred card is well-suited for individuals who prioritize a simple and effective cash back rewards system, particularly those who spend regularly across various categories and can benefit from the unlimited 2% earning rate on all purchases. However, potential users should consider the annual fee in relation to their spending habits to ensure the card aligns with their financial goals.