Amex Bank of Canada

The SimplyCash Preferred Card from American Express

$120
Annual Fee (1st Year)
$0
Annual Fee (Subsequent)
2.50%
Foreign Transaction Fee
21.99%
Purchase Rate
21.99%
Cash Advance Rate
Balance Transfer Rate

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

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.

Requirements

Available in: BC ON QC
Reward categories: cash_back