American Express SimplyCash Preferred Card

The American Express SimplyCash Preferred card earns 4% cash back on gas and grocery purchases, and 2% cash back on all other purchases.

Rewards Rates

The American Express SimplyCash Preferred card earns cash back for all purchases made on the card:

• 4% cash back on all eligible gas station purchases in Canada.
• 4% cash back on all eligible grocery purchases in Canada (up to a maximum of $1,200 in cash back per year).
• 2% cash back on all other purchases, regardless of category.

Redeeming Cash Back

Cash back rewards earned on the American Express SimplyCash Preferred card are awarded once per year automatically, on the September billing statement.

Insurance Coverage

The American Express SimplyCash Preferred card offers several insurance coverages:

• Emergency medical insurance: $5,000,000 for an insured person under 65 for the first 15 consecutive days of out-of-province travel
• Flight delay insurance: $500 total coverage for reasonable purchases within 48 hours when delayed or denied boarding for 4 hours or more (combined maximum with baggage delay insurance)
• Baggage delay insurance: $500 total coverage for essential purchases within four days of arrival when baggage is delayed for 6 hours or more (combined maximum with flight delay insurance)
• Hotel burglary insurance: $500 total coverage for stolen items (excluding cash)
• Lost or stolen baggage coverage: $500 total coverage for all insured persons
• Rental car theft and damage coverage: Comprehensive coverage for cars up to $85,000 MSRP
• Travel accident insurance: $100,000 of accidental death and dismemberment coverage
• Mobile device insurance: $1,000 coverage for theft, loss, or accidental damage to your mobile device
• Purchase protection plan: $1,000 coverage for accidental physical damage or theft for 90 days from the date of purchase
• Buyer’s assurance protection plan: Extend the manufacturer’s original warranty up to one additional year

Refer to the American Express SimplyCash Preferred card insurance certificate for additional details, including terms and conditions for eligibility.

Other Cash Back Cards You Might Consider

	Credit Card	Welcome Bonus	Net Value
	TD Cash Back Visa Infinite Card	350 cash back	$350	Apply
	BMO CashBack World Elite Mastercard	250 cash back	$250	Apply
	CIBC Dividend Visa Infinite Card	200 cash back	$200	Apply
	Scotiabank Momentum Visa Infinite Card	200 cash back	$200	Apply
	RBC Cash Back Preferred World Elite Mastercard	240 cash back	$141	Apply

Legal

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.