SimplyCash Card from American Express Review

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Get solid rewards for everyday spending with the no-annual-fee SimplyCash Card from American Express.

The new SimplyCash Card from American Express can earn 2.5% cash back on purchases for the first 3 months (up to a value of $150 in cash back) followed by a 1.25% flat rate on purchases.

19.99%

Purchase Interest Rate

$0

Annual Fee

1.99% for the first 6 months (then 22.99%)

Balance Transfer Rate

Details

Product NameSimplyCash Card from American Express
Reward1.25% cash back rate on all purchases when your welcome offer ends. No cap.
Welcome OfferEarn 2.5% cash back (up to $150 cash back) in the first three months.
Required DepositN/A
Purchase Interest Rate19.99%
Cash Advance Rate22.99%
Balance Transfer Rate1.99% for the first 6 months (then 22.99%)
Interest Free Period Up to 21 days
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More Info

30-second take

  • Get this card if you want to earn 2.5% cash back on purchases in the first 3 months (1.25% thereafter) with no annual fee.
  • Choose something else if you would rather pay an annual fee to receive more cashback rewards per dollar spent.

Key features

If you’re an avid shopper or want to get more bang for your buck on everyday purchases like groceries and gas, then this card might be the right fit for you.

  • Flat rate cash back. Offers a hard-to-beat intro rate of 2.5% cash back on all purchases in the first 3 months, followed by a flat rate of 1.25% when the welcome period ends.
  • Special offers. Promotes a wide array of discounted and special access offers for all forms of entertainment, including music, theatre, dining, fashion and shopping experiences.
  • Travel and shopping coverage. Provides extended warranty and insurance coverage on products purchased with your SimplyCash Card from American Express, along with complimentary $100,000 Travel Accident Insurance. T&C’s apply.
  • 24/7 Customer Service. Get help any time of the day, from Monday to Sunday.

Optional Balance Transfer Offer

Save big with a 1.99% introductory interest rate for 6 months if you choose to transfer existing balances from other credit cards onto this American Express Card. This option is only available to first time card holders at the time of online application and there’s no balance transfer fee for enacting this service. You may also choose to transfer up to $7,500 or 50% of your credit limit (whichever is less).

Bonus features

  • Welcome offer. Take advantage of a 2.5% cash back rate in your first 3 months (up to $150 cash back), followed by a 1.25% rate in subsequent months. After your welcome rate ends, the amount of cash back you can earn has no limit.
  • Special offers and experiences. Access to memorable experiences with American Express Invites and Front of the Line services which includes the ability to purchase advance tickets or book reserved seating for in-demand entertainment and special access for Budweiser Stage, Roy Thomson Hall and the American Express bar at Massey Hall.
  • Custom entertainment packages. Get first dibs on packages created exclusively for American Express card holders, including deals on weekend getaways, advance screenings of blockbuster movies and online and in-store shopping promotions.
  • World class service. Dial into customer service 24/7 by calling the number on the back of your card. Use this service to report fraudulent charges, cancel or replace lost or stolen cards or find answers to any number of questions that might come up along the way.
  • Free Additional Cards. Up to 9 additional cards at no extra cost. Purchases made on these cards will add to your annual cash back balance.

What to watch out for

  • Not as widely accepted overseas. The SimplyCash™ Credit Card is an American Express card, which means you might not be able to use it overseas as easily as you would a Visa or Mastercard.
  • Penalty APR. Making late or returned payments could saddle you with an APR as high as 23.99% - 26.99% Variable on all balances.

What do other customers say?

Most customers are happy with the perks and benefits on offer from the SimplyCash Card from American Expresss. The fact that the card is fee-free and no-nonsense, with a flat cash-back rate and a ton of exclusive add-ons makes signing up for this card a no-brainer for Canadians from all walks of life. Many cardholders also praise the top-notch customer service provided by American Express, and other are happy about the cost-saving benefits of an introductory interest rate on balance transfers for new card members.

What should I know before I apply

  • How to apply

    1. Click Go to site on this page to be securely directed to the American Express website.
    2. Select the SimplyCash Card from American Express and click Apply now to begin your application.
    3. Complete the application with details that include your name, email address, social insurance number and birth date.
    4. Review and submit your application.

    Compare other American Express credit cards

    Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
    Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
    N/A
    N/A
    $499
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    Receive 40,000 points when you spend $5,000 within first three months of membership.
    Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
    19.99%
    22.99%
    $99
    N/A
    Earn up to 42,000 Membership Rewards® points in the first year of card approval. Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
    Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
    19.99%
    22.99%
    $120
    N/A
    Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
    Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
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    $120
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    Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
    Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
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    $499
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    Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
    Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
    19.99%
    22.99%
    $299
    N/A
    Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
    Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
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    $250
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    Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership. Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.
    Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
    N/A
    N/A
    $60
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    New cardmembers receive 5,000 Bonus Aeroplan Miles when spending $500 in the first three months of membership.
    Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
    N/A
    N/A
    $180
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    Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
    Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
    19.99%
    22.99%
    $899
    $60,000
    Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more. Also receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership and earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first 6 months of card membership.
    Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
    19.99%
    22.99%
    $0
    N/A
    Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.

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    Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
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    22.99%
    $0
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    Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
    Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
    19.99%
    22.99%
    $120
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    Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
    Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
    19.99%
    22.99%
    $299
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    Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
    Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
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    $180
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    Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more. Also receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership and earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first 6 months of card membership.
    Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
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    Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
    N/A
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    $120
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    Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
    Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
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    $60
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    New cardmembers receive 5,000 Bonus Aeroplan Miles when spending $500 in the first three months of membership.

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    Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
    19.99%
    22.99%
    $99
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    Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
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    Receive 40,000 points when you spend $5,000 within first three months of membership.
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    22.99%
    $0
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    Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
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    Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
    19.99%
    22.99%
    $120
    N/A
    Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
    Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
    N/A
    N/A
    $499
    N/A
    Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
    Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend
    N/A
    N/A
    $699
    N/A
    Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership. Experience worldwide lounge access as well as luxury travel and dining benefits.
    Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
    N/A
    N/A
    $499
    N/A
    Receive 40,000 points when you spend $5,000 within first three months of membership.

    Compare up to 4 providers

    Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
    Get 2% cashback after the Welcome Rate on all purchases. No cap and no limit.
    19.99%
    22.99%
    $99
    N/A
    Receive 5% cash back (up to $300 cash back) and a 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
    1.25% cash back rate on all purchases when your welcome offer ends. No cap.
    19.99%
    22.99%
    $0
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    Earn 2.5% cash back (up to $150 cash back) in the first three months. Offers 1.99% balance transfer rate in the first 6 months and no balance transfer fee upon application.

    Compare up to 4 providers

    Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
    Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
    19.99%
    22.99%
    $0
    N/A
    Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
    1.25% cash back rate on all purchases when your welcome offer ends. No cap.
    19.99%
    22.99%
    $0
    N/A
    Earn 2.5% cash back (up to $150 cash back) in the first three months. Offers 1.99% balance transfer rate in the first 6 months and no balance transfer fee upon application.

    Compare up to 4 providers

    *The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

    How long will it take to be approved?

    Depending on whether or not your application requires manual review, you will receive a response in 60 minutes to 10 days.

Bottom line

The SimplyCash Card from American Express offers a no-nonsense, top of the line cashback card. If you’re looking to get more bang for your buck without the hefty annual fee, then this card might be right up your alley.

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