About SimplyCash Preferred Card from American Express

A SimplyCash Preferred Card from American Express is a credit card with cash back earning opportunities. This card also provides useful travel insurance coverage and some exclusive privileges from American Express.

With a welcome offer for new applicants, you can earn $400 in statement credits.

SimplyCash Preferred Card from American Express features

A SimplyCash Preferred Card from American Express provides a 19.99% interest rate on purchases and 21.99% on funds advances.

The monthly fee for this credit card is $9.99, which equals $119.88 annually. You can also issue up to 9 no-fee supplementary cards.

New SimplyCashTM Preferred Card from American Express Cardmembers can earn 4% cash back for the first $4,000 spent in the first four months. After this welcome offer ends, you will continue earning 2% cash back on your everyday purchases. American Express sets no limits on how much cash back you can earn.

You can also take part in the Referral Program from American Express and earn up to $1,500 in cash back dollars for approved referrals.

Exclusive benefits from American Express included in a SimplyCashTM Preferred Card from American Express are:

• American Express® Experiences providing access to presale and reserved tickets to different events and experiences plus various onsite benefits

• Amex Offers providing additional rewards for your purchases

• American Express Travel Online deals and offers on select hotel and car rental bookings

With your SimplyCash Preferred Card from American Express, you can get the advantage of Plan It™ — The American Express® Installment Program. This program allows you to convert your purchases of $100 and more into monthly installments, with an installment fee charged instead of interest.

A SimplyCash Preferred Card from American Express provides you with valuable insurance coverage, including out-of-province or country emergency medical insurance, flight delay insurance, baggage delay insurance, hotel burglary insurance, lost or stolen baggage insurance, travel accident insurance, car rental theft and damage insurance, Buyer’s Assurance® Protection Plan, and Purchase Protection® Plan.

Pros and cons

Here are the main advantages of a SimplyCash Preferred Card from American Express:

• Free issuance of additional cards

• Cash back opportunities 

• The referral program rewarding you for approved referrals

• Eligibility for Plan It™ — The American Express® Installment Program

• 24/7 customer service 

• Credit card protection capabilities (Fraud Protection Guarantee and American Express SafeKey®)

The disadvantages are:

• A $9.99 monthly fee

• Limits on the maximum referral bonus you can receive for referring a friend 

• The lack of mobile device insurance, trip cancellation, and trip interruption insurance

How to apply for a SimplyCash Preferred Card from American Express

You can apply for a SimplyCashTM Preferred Card from American Express online by clicking the “Apply Now” button next to its description and filling out an application form. When applying, you will need to provide the following details:

• Your first name

• Your middle name

• Your last name

• Your name on the card

• Your email

• Your date of birth

• Your postal code

• Your social insurance number (optional)

• Your phone number

• Your address

• Your personal annual income

• Your other household income

• Your employment status

• Your employer name

• Your work phone number

Next, create a PIN and check all that apply:

• Whether you want to receive Online-Only Statements

• Whether you want to order supplementary cards

• Whether you want to add AMEX® Account Protector Ultimate

To finish your application, review your applicant information, agree to the terms and conditions, and click the “SUBMIT” button.