Cash Back
No Annual Fee
SimplyCash Card from American Express
American Express(Canada)
Current Welcome Offer
5% cash back bonus (up to $100)
Annual Fee
$0
Purchase APR
21.99%
Cash Adv. APR
21.99%
Welcome Bonus
~$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 2.00%
Dining & Takeout 1.25%
Gas & Transit 2.00%
Travel 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.
- Gas (in Canada): 2%
- Grocery (in Canada): 2% (up to $300 cash back annually)
- All Other Purchases: 1.25% (Unlimited)
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: $100.00
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
Additional Perks
- :
- :
- :
- :
Insurance Coverage
Travel Accident Insurance
Up to $100,000 of Accidental Death and Dismemberment Insurance.
Purchase Protection® Plan
Insured for 90 days from date of purchase against accidental damage or theft (up to $1,000 per occurrence).
Buyer’s Assurance® Protection Plan
Extends the manufacturer’s original warranty up to one additional year.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 21.99% |
| Annual Fee | $0 |
| Income Required | No specific requirement listed. |