SimplyCash Preferred Card from American Express 2026 Review

Annual fee
CA$119.88
Rewards rate
4%-2%
Welcome Bonus
CA$250
Apply Now →on American Express's website

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

Welcome Bonus:

Earn up to $250 in value, featuring a 10% cash back rate on all purchases in the first 3 months.

Reward Rate:

Earn 4% cash back on gas and groceries, 2% on all other purchases.

The SimplyCash Preferred Card from American Express is a standout option for those who prioritize cash back on everyday purchases, particularly gas and groceries. Its attractive welcome bonus and straightforward rewards structure make it a compelling choice for savvy spenders.

Pros:

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

Cons:

  • Monthly fee for non-Quebec residents
  • High interest rates
Apply now →

The SimplyCash Preferred Card from American Express is particularly suitable for individuals who regularly spend on gas and groceries and seek to maximize their cash back rewards. With its competitive earning rates and welcome bonus, it serves as a valuable option for those looking to enhance their everyday spending efficiency while managing an annual fee.

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