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SimplyCash™ Preferred Card from American Express is typically available to those with
credit scores (650 or greater).
To get this card, you must also:
Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Be a permanent or temporary resident of Canada
Have a minimum personal income of $15000.
Note: This information is only intended as a guide. The final decision is up to the bank and your
application could still be rejected even if you can answer 'Yes' to all the minimum criteria above.
Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
Offers incredible benefits that suit a variety of consumers. The 5% cash–back for the first 6 months is one of the highest rates available while the 1.99% interest rate for balance transfers will help you reduce your debt.
- Barry Choi, Money We Have
The SimplyCash Preferred card is a terrific all around high-end cash back card. And the SimplyCash card is great on its own – but also pairs well with a category card (as they typically give 1% on non-category purchases) giving you a little increase in your annual rewards.
- Jonathon, creditcardGenius
Essentially, this card allows you to get a premium level card with great rewards and good insurance coverage and perks without being a high roller.
- Stephen Weyman, HowToSaveMoney.ca
With the strongest welcome cash back rate currently on the market and a competitive 2% earn rate after that, plus the low balance transfer offer, this card delivers a one-two punch on value.
- Jane Switzer, Ratehub.ca
The SimplyCash Preferred Card is a great cash back card if you spend at least $1,100 a month on your credit card — that’s where its 2% rate really shines. However, because of its $99 annual fee, if you’re spending less than that, its non-preferred counterpart is the way to go.
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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