The SimplyCash Preferred Card from American Express
Earn Rates
| Category | Rate | Type | Cap |
|---|---|---|---|
| Gas & Fuel | 4.00% | Cash Back | — |
| Groceries | 4.00% | Cash Back | $30000 / annually |
| Everything Else (base) | 2.00% | Cash Back | — |
Insurance Coverage
- Travel Accident
- Travel Medical
- Trip Cancellation
- Trip Interruption
- Flight Delay
- Lost/Delayed Baggage
- Rental Vehicle
Benefits & Redemption
Other Benefits
Fees for first cardholder: For non-Quebec residents, $9.99 a month (equal to $119.88 per year of Cardmembership). For Quebec residents, $119 a year. Rewards: ? 4% on all eligible gas station purchases in Canada. ? 4% on all eligible grocery store purchases in Canada, up to a maximum of $30,000 in purchases posted to your account on this category (equal to $1,200 cash back) annually. Once the maximum is reached, you will no longer earn 4% regardless of credits, returns and adjustments subsequently posted to your account. After that, you will then earn 2% on all eligible purchases. Calculation resets to zero each year on the Cardmembership anniversary date. ? 2% on all other purchases charged to your card that are not eligible gas station purchases or eligible grocery store purchases.
How to Redeem
Cash back is applied as a credit to your account annually and will appear on the statement issued in September of each year.