Cash Back
No Annual Fee
SimplyCash Card from American Express
American Express(Canada)
Welcome Bonus:
5% cash back bonus (up to $100)
Annual Fee
$0
Purchase APR
21.99%
Cash Advance
21.99%
Bonus Value
$100
RateBuddy Verdict
The Good
- The 1.25% flat cash back rate is significantly higher than most no-annual-fee cards in Canada.
- Includes a generous 5% welcome bonus for the first 3 months to help build initial rewards.
- Access to premium Amex perks like Front Of The Line® even with a $0 annual fee.
The Trade-offs
- The 2% grocery cash back rate is capped at $300 in total cash back per year.
- Very basic insurance coverage; lacks travel medical or rental car protection found on the Preferred version.
Rewards & Earnings
Groceries
2%
Dining
1.25%
Gas
2%
Travel
1.25%
Recurring Bills
1.25%
Base Rate
1.25%
Rewards Summary:
Earn 2% cash back on eligible gas and grocery purchases in Canada; 1.25% cash back on all other purchases with no limit.
Welcome Bonus Details
Earn 5% bonus cash back for the first 3 months. Earn 2% on gas and groceries thereafter. No annual fee.
Estimated Value: $100
Features & Benefits
No Annual Fee
No annual fee for life
Extended Warranty Insurance
Buyer's Assurance extends warranty 1 year
Purchase Security Insurance
Purchase Protection for 90 days
Special Event Access (e.g., Front Of The Line)
Front Of The Line® access
Common Carrier Accident Insurance
Travel Accident Insurance up to $100,000
Insurance Coverage
Includes $100,000 Travel Accident Insurance, Purchase Protection (90 days), and Buyer’s Assurance (extends warranty up to 1 year).
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 21.99% |
| Annual Fee | $0 |
| Grace Period | 21 days |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
Cash Back
No Annual Fee
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