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SimplyCash Preferred Card: Earn 4% Cashback on Groceries and up to $250 in Bonuses!

Want a comprehensive American Express card for your life? The SimplyCash Preferred offers up to $200 in cashback bonuses + $50 in statement credit. 
 
The Preferred card provides up to 4% cashback on gas station purchases and groceries in Canada. Check out how to apply. 

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American Express is one of the leading brands when it comes to credit card networks, bringing great security to your everyday life.

The SimplyCash Preferred from American Express offers cashback rewards, with rates varying depending on the type of purchase. 

For qualifying gas station purchases, you get 4% cashback. The same 4% cashback applies to grocery purchases, up to $1,200 in returns. 

Lastly, you receive 2% cashback on everything else, with no limit to the amount you can earn with the Preferred card. 

Want more perks? There are! The card allows you to refer a friend and earn up to $750 in cashback per year when they apply for the card. 

American Express credit cards do not generally specify credit limit amounts, but they can adapt to your needs, typically varying in the range of a few thousand Canadian dollars. 

Yes, the card offers a 10% cashback bonus on all your purchases up to $200 within the first three months. Additionally, after your 13th-month purchase, you receive a $50 statement credit. 

The card has a monthly fee of $9.99, equivalent to nearly $120 per year, with interest rates of 21.99%. 

To qualify for the card, you need a good credit history, along with income requirements. 

Yes, you can complete your entire application through the bank’s digital channels for security and reliability. 

And speaking of security, the card comes with a range of insurance and coverage options. Check out some of them: 

  • Flight delay insurance 
  • Baggage delay insurance 
  • Emergency medical insurance outside the country 
  • Up to $500 in theft coverage at hotels 
  • Travel accident insurance 
  • Mobile device insurance of up to $1,000 per person 

With American Express, you also get access to exclusive experiences from one of the world’s largest brands, such as Front of the Line presales, entertainment, dining experiences, shopping offers, and wellness events on selected days to enjoy life. 

American Express stands by your side at all times, with 24/7 customer support and a fraud protection guarantee. 

Thus, the SimplyCash Preferred is a highly versatile credit card for handling your everyday needs. 

Want to learn another option?

The BMO World Elite Cashback Mastercard is another great option to earn significant cashback, also offering a 10% promotion for the first three months. 

This card is highly comprehensive, offering up to 5% cashback on groceries and 3% on gas station purchases. See how to apply. 

Gabriel Gonçalves
Written by

Gabriel Gonçalves

Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.