SimplyCash Card from American Express
- APR
- 21.99% – 21.99%
- Annual Fee
- $0
- Rewards
- Up to 2.0%
- Sign-Up Bonus
- CA$100
The SimplyCash Card from American Express offers 2% cashback on gas and groceries (up to $300/year) and 0.5% on all other purchases, with no annual fee.
You'll be redirected to americanexpress.com
Our Verdict
The SimplyCash Card is a solid choice for everyday spenders looking to earn cashback without an annual fee.
Pros
- No annual fee
- 2% cashback on gas and groceries
- Up to $100 sign-up bonus
- Simple rewards structure
- No foreign transaction fees
Cons
- 2% cashback capped at $300 annually
- High APR of 21.99%
- Low rewards rate outside bonus categories
- Limited sign-up bonus period
- Not ideal for heavy spenders
This card is appealing due to its straightforward cashback structure. With 2% on gas and groceries, it suits everyday expenses well. However, the $300 annual cap on these rewards may frustrate heavy users.
The 0.5% on other purchases is significantly lower, making it less appealing for varied spending.
The APR of 21.99% is on the higher side, which can impact those who occasionally carry a balance. For comparison, cards like the Tangerine Money-Back Credit Card offer greater flexibility in cashback categories without a high APR.
Customer service from American Express is generally well-reviewed, providing users with support when needed. The sign-up bonus of up to $100 is generous, though it's limited to the first few months, adding urgency for new cardholders. Overall, this card works best for those who are disciplined in their spending habits and want to maximize cashback on essential purchases.
Who It's For
Ideal for casual spenders who prioritize cashback on groceries and gas without an annual fee.
Watch Out
Keep in mind the cashback cap and high APR if you plan to carry a balance.
Summary
The SimplyCash Card from American Express is a practical option for earning cashback on essential purchases, but its limitations may not suit everyone.
Best For
Best for Canadians who frequently spend on gas and groceries and prefer straightforward cashback rewards.
You'll be redirected to americanexpress.com
What Customers Say
Cardholders appreciate the cashback on everyday purchases but express concerns about the cap on rewards.
