The SimplyCash Preferred Card from American Express is a great all-round Amex card. If you’re looking to earn cash back with a high base rate, while also enjoying the perks of the Amex lifestyle, this card is well worth considering.
Bonuses & Fees
As a welcome bonus, this card offers 10% cash back in the first four months, up to $400 total cash back on $4,000 of spending.
In addition, there’s an “incognito offer” for an extra $100 cash back upon spending $4,000 in the first four months. If you’re unable to see this additional bonus, try visiting the Amex website in an incognito window.
This card has a $99 annual fee, along with no fee for adding additional users.
As a limited time offer, the first referral you make before October 27, 2021 will trigger a 3% bonus cash back offer for all your purchases between November 25, 2021 and February 28, 2022, up to a $300 bonus.
The Amex SimplyCash Preferred has a simple earning structure: you’ll earn 2% cash back on all purchases.
While most cards have higher earning rates in a few specific categories, this card is unparalleled for a flat-rate return on all purchases. If you prefer a slim wallet and frequently shop at stores that take Amex, this card is without a doubt your best choice.
The card also has a refer-a-friend program. You can earn $100 for every successful referral, up to $1,500 per calendar year.
Your cash back on the SimplyCash Preferred Card can be redeemed annually. It’s always issued automatically on your September statement, as a credit to your account.
Perks & Benefits
The SimplyCash Preferred Card by American Express comes with all of the standard perks of being an American Express cardholder, including Front of the Line event presale tickets, exclusive invites for American Express Experiences, and periodic Amex Offers for additional rebates and rewards on everyday spending.
Despite not being a travel rewards credit card, the Amex SimplyCash Preferred Card actually comes with a fairly high level of emergency travel medical insurance: $5,000,000 of coverage on the first 15 days of an out-of-province trip if you’re aged 64 or lower.
The card also boasts $100,000 of Common Carrier Accident insurance, flight and baggage delay insurance, and car rental theft/damage insurance on vehicles up to $85,000 MSRP.
In addition, it offers extended warranty (doubling the manufacturer’s standard warranty, up to one additional year) and purchase protection (against accidental damage or theft within 90 days).