Learn How to Apply for a SimplyCash Preferred Card

What do I need to know before applying?

The American Express SimplyCash Preferred offers rewards of up to 4% cashback on gas and groceries, allowing you to accumulate cashback to redeem as you choose! 

You’ve probably heard of American Express, right? It’s one of the leading credit card brands in history, widely respected worldwide.

The credit card has a monthly fee of $9.99, which amounts to $119.88 annually, with no annual fee for additional cards and an annual interest rate of 21.99%.

As is customary with American Express, there aren’t many details on the credit limit, but the amounts are quite adaptable to the conditions you can present.

Upon receiving your card, you get up to $250 in bonus value, including $200 cashback by earning 10% on all purchases in the first 3 months, plus a $50 statement credit when you make a purchase in month 13.

The SimplyCash rewards system is cashback-based. You earn 4% cashback on gas, which covers qualifying purchases at gas stations in Canada, and 4% on groceries, with supermarket purchases up to the cashback limit of $1,200.

For all other purchases, you earn 2% cashback with no limit on how much you can earn.

And how do you redeem the cashback? 

American Express offers flexible redemption options, including statement credits or discounts. No wonder it’s ranked as one of the best cards in the Canadian market.

Who can Apply?

The American Express card has specific eligibility criteria related to creditworthiness.

To be eligible, you must be at least 18 or 19 years old, depending on your province of residence. 

Additionally, you should be properly registered in Canada, either as a Canadian citizen or a foreign national with a valid passport and visa.

To qualify for the SimplyCash card, you need to have a solid credit history, be free of significant debts, and submit information about your income.

All applications are subject to American Express approval.

See How to Apply for a SimplyCash Preferred Card

On the card’s website, you’ll find an “Apply Now” button to start the process.

Clicking this button will redirect you to a page where you can review and accept the terms. American Express promises to provide a decision within 60 seconds.

Here’s what you’ll need to provide in the application form:

• Your full name, preferred name for the card, email address, date of birth, postal code, social insurance number (optional), and any current American Express card number (optional);
• Your phone number, complete address, and housing information (own, rent, etc.);
• Financial information, including employment type, salary frequency, total income, and spending habits.

Once the form is completed, you can submit it for evaluation by American Express.

The company assures a quicker response than many other providers, but Amex’s customer support is always available for questions.

During the review, you may be asked to provide additional documentation to confirm your identity and income.

More Details

The SimplyCash card is very comprehensive in terms of insurance and benefits. Here are a few of them: 

• Up to $5,000,000 in emergency medical coverage 
• Flight delay insurance with up to $500 in coverage 
• Baggage delay insurance 
• Hotel theft insurance of up to $500 
• Lost or stolen baggage insurance 
• Mobile device insurance of up to $1,000 

The American Express brand offers a variety of experiences, such as: 

• Front of the Line presales and reserved tickets 
• Special offers and events with American Experiences 
• Benefits at the Budweiser Stage 

For your purchases, the card includes a protection plan and purchase protection of $1,000 per occurrence. 

The card also comes with 24/7 customer service, emergency card replacement, fraud protection guarantee, American Express SafeKey, and a full-featured app for daily use.

Want to learn another option?

Looking for another great option for your everyday needs? Check out the BMO World Elite Cashback Mastercard with up to 5% cashback on groceries. 

The card also offers 2% cashback on recurring bills and allows you to redeem rewards however you like. See how to apply now!

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.