SimplyCash® Preferred Card from American Express
American Express
- 2%Cash back on all purchases
Earn up to $200 in bonus cash back by earning a bonus 10% cash back on all purchases (up to $2,000 in purchases) in your first 3 months.
Earn 2% cash back on purchases with no limit to the amount of cash back you can earn.
The SimplyCash® Preferred Card from American Express earns the #1 spot due to its high cash back rate on all purchases, making it an excellent choice for those who want to maximize their rewards without worrying about category restrictions.
Pros:
- High cash back rate on all purchases
- No limit on cash back earnings
Cons:
- High annual fee
- Standard interest rates
The SimplyCash® Preferred Card from American Express is particularly suitable for individuals who frequently make everyday purchases and prefer a straightforward cash back rewards structure without the complications of category limitations. With a competitive cash back rate and a welcome bonus, it is a strong option for those willing to pay an annual fee for enhanced earning potential.