American Express
SimplyCash® Preferred Card
One of Canada's top cashback credit cards offering industry-leading 4% cashback on eligible grocery and gas purchases and 2% cashback on all other spending. Ideal for families and everyday spenders.
cashbackBest for Grocery, Gas & Everyday Cashback
Apply Now
Highlights
Main benefits
- 4% cashback on eligible grocery purchases in Canada
- 4% cashback on eligible gas purchases in Canada
- 2% cashback on all other eligible purchases
- Free supplementary cards
- Mobile Device Insurance up to C$1,000
- Travel Medical Insurance up to C$5 million
- Flight Delay Insurance
- Baggage Delay Insurance
- Car Rental Theft & Damage Insurance
- Purchase Protection
- Extended Warranty
- Amex Offers and Amex Experiences access
Fees
Fees and charges
Joining fee
Zero
Renewal fee
C$119.88/year
Annual fee waiver
No
Who can apply
Eligibility
- Canadian resident
- Age of majority in province/territory
- Good credit history recommended
- No minimum income requirement published by Amex
Checklist
Documents required
- Government-issued ID
- Canadian address
- Employment/income details
- Social Insurance Number (optional but recommended for faster processing)
Process
How to apply
1. Visit the official Amex Canada application page.
2. Complete personal information.
3. Provide employment and income details.
4. Submit application.
5. Receive approval decision.
Value
Reward and cashback structure
Reward rate
4% on groceries, 4% on gas, 2% on all other eligible purchases
Cashback
Up to 4%
Good fit
Pros
- Among the highest cashback rates in Canada
- Strong 2% base cashback rate
- No income requirement
- Excellent insurance package
- Free additional cards
- Strong welcome bonus offers
Watchouts
Cons
- American Express acceptance is lower than Visa/Mastercard
- Cashback credited annually rather than on demand
- Annual fee applies
- Foreign transaction fee of 2.5%
- Costco Canada generally does not accept Amex
Related
Related cards
Compare
Compare Cards
| Field | SimplyCash® Preferred Card | Neo World Elite Mastercard |
|---|---|---|
| Bank/provider | American Express | Neo Financial |
| Joining fee | Zero | Zero |
| Renewal fee | C$119.88/year | C$125 |
| Best for | Grocery, Gas & Everyday Cashback | Families spending C$500+ monthly on groceries and recurring bills who want maximum cashback without dealing with points programs |
| Reward rate | 4% on Groceries, 4% on gas, 2% on all other eligible purchases |
|
| Cashback | Up to 4% |
|
| Lounge access | No |
|
| Fuel surcharge waiver | No | No but Fuel Cashback- 3% on Gas & EV Charging (up to C$1,000/month) |
| Welcome benefit | Up to C$250 bonus value (offer may change) |
|
| Annual fee waiver condition | No | No |
| Eligibility |
|
|
| Apply link | Apply | Apply |