SimplyCash® Preferred Card 2026 Review

SimplyCash® Preferred Card4.6/5

American Express

Annual fee
CA$119.88
Rewards rate
4%-2%
Welcome Bonus
10% cash back
Apply Now →on American Express's website

  • 4%Cash back on gas and groceries
  • 2%Cash back on all other purchases

Welcome Bonus:

Earn 10% cash back on all purchases for the first 3 months, applicable on up to $2,000 in purchases.

Reward Rate:

Earn 4% cash back on gas and groceries (up to $1,200 annually) and 2% on all other purchases.

This card shines for its high cash back rates, particularly 4% on gas and groceries, making it an excellent option for those who frequently spend in these categories. The welcome bonus of 10% cash back for the first three months further enhances its value, providing new cardholders with a significant incentive to sign up.

Pros:

  • High cash back on gas and groceries
  • Generous welcome bonus

Cons:

  • Annual fee may be a consideration
  • Limited acceptance compared to Mastercard
Apply now →

The SimplyCash® Preferred Card is well-suited for individuals who regularly spend on gas and groceries, thanks to its competitive cash back rates of 4% in these categories. With a reasonable annual fee and an attractive welcome bonus, this card may appeal to those looking to maximize their cash back rewards while managing everyday expenses.

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