Illustration, not the actual card design.
Amex · Cash back
SimplyCash Preferred Card from American Express
Annual fee
$120
Welcome offer
Up to $250 back
Market
Canada · CAD
Biggest part of the offer: Get a bonus 10% cash back on up to $2,000 in purchases in your first 3 months, up to $200.
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$80
+$200 welcome bonus
+$0 yearly credits
−$120 fee
Year 2
−$70
Costs $70 a year until your spending covers it.
Every year after
−$120
Costs $120 a year until your spending covers it.
Plus 1 benefit with no fixed dollar value, like Mobile Device Insurance. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Oct 11, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Offer may end without notice. Only for new SimplyCash Preferred Card from American Express Cardmembers. If you are a current or former SimplyCash Preferred Cardmember, Amex may still approve you, but you won't get this cash back offer. Offer subject to change at any time. The $50 statement credit needs at least one purchase charged and posted to the card in month 13.
- 1Get a bonus 10% cash back on up to $2,000 in purchases in your first 3 months, up to $200$200 backYear 1
- 2Make a purchase in month 13$50 backYear 2
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Cash back, straight onto your statement.
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| Gas & Fuel | 4% back | 4¢ |
| GroceriesUp to $30,000/yr of spend | 4% back | 4¢ |
| Everything else | 2% back | 2¢ |
What else you get
Insurance
- Mobile Device Insurance
Up to $1,000 coverage for mobile devices that are lost, stolen or accidentally damaged
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by Amex. Card and program names belong to their owners.
Details last checked Oct 11, 2026.