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SimplyCash Card from American Express review

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SimplyCash Card from American Express
Welcome Offer
$100 in statement credits
Rewards
Up to 2% cash back
Annual Fee
$0
Purchase Interest Rate
20.99%
Cash Advance Rate
21.99%

Our verdict

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

If you're an avid shopper or want to get more bang for your buck on everyday purchases like groceries and gas, then the SimplyCash Card from American Express might be the right fit for you.

Best for: Those who use credit for everyday purchases like gas and groceries.

Pros

  • Enjoy a welcome offer
  • Earn up to 2% cashback
  • Travel insurance and shopping coverage
  • Refer a friend bonus available
  • No annual fee

Cons

  • Amex is not as widely accepted
  • This card comes with a high penally APR if you pay late

In this guide

  • Our verdict
  • Your reviews
  • Ask a question
In your first 10 months, earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases. This could add up to $100 in statement credits in the first 10 months.

Key features of the SimplyCash Card from American Express

  • Cash back. Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and earn 1.25% cash back elsewhere.
  • Welcome offer. In your first 10 months, earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases. This could add up to $100 in statement credits in the first 10 months.
  • Refer a friend. Earn up to a maximum annual referral bonus of $375 cash back for approved referrals.
  • 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.

Bonus features

  • Special offers and experiences. Access events and special offers curated for Cardmembers with American Express Experiences.
  • 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 24.99% - 26.99% Variable on all balances.

SimplyCash Card from American Express interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate21.99%

What do other customers say?

Most customers are happy with the perks and benefits offered by 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 attractive for Canadians from all walks of life. Many cardholders also praise the top-notch customer service provided by American Express.

What should I know before I apply

How to apply for the SimplyCash Card from American Express

  1. Click on the Go to Site button above or on this secure link to be 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 Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Cobalt Card
15,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 15,000 Membership Rewards points in your first year. Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases. That’s up to $150 towards a weekend getaway or concert tickets.
American Express Green Card
10,000 points
1 point per $1 spent
20.99%
$0
Min. recommended credit score: 700
Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months as a new Cardmember. That’s $100 towards groceries or concert tickets.
SimplyCash Card from American Express
$100 in statement credits
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 700
In your first 10 months, earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases. This could add up to $100 in statement credits in the first 10 months.
American Express Aeroplan Reserve Card
85,000 points
Up to 2x points
20.99%
$599
Min. recommended credit score: 700
Earn up to 85,000 welcome bonus Aeroplan points. That's a value of up to $2,600 or more when you combine your welcome bonus points and card benefits.
American Express Aeroplan Card
40,000 points
Up to 2x points
N/A
$120
Min. recommended credit score: 700
Earn up to 40,000 welcome bonus Aeroplan points. That's a value of up to $900 in your first year.
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How long will it take to be approved for the Amex SimplyCash?

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

Follow up steps
  • Avoid interest payments. Make payments within the days grace period for new purchases on your next statement to avoid hefty interest payments.
  • Make on-time payments. Make sure to stay on top of bills and pay your card down every month. Register your account on the American Express website or download the Amex mobile app to pay your balance or at least the minimum payment where possible.

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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Claire Finder

Associate editor

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