How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With SimplyCash Card American Express, here’s how you earn rewards:
|All Other Spend||1%|
How much your rewards are worth
The dollar value of your rewards depends on the specific AMEX rewards program and what you choose to redeem your points for.
For SimplyCash Card American Express in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:
|Redemption method||Annual rewards|
|Apply to statement credit||$4.47|
Calculating your annual rewards
$24,000.00 annual spending x $1.28% return on spending = $306.00 annual rewards
$306.00 annual rewards – $0.00 annual fee = $$306.00 net annual rewards
Details and eligibility
|Do I qualify?|
|Estimated Credit Score||760 – 900|
|Extra Card Fee||$0|
|Extended Warranty||1 year|
|Purchase Protection||90 days|
SimplyCash Card American Express Review
The SimplyCash Card from American Express is a cash back credit card that offers a simple and straightforward earning potential. In this review, we will discuss its earning potential, benefits, drawbacks, and other relevant information to help you decide if it’s the right credit card for you.
1. Earning potential with the card
The SimplyCash Card from American Express allows its users to earn cash back on virtually all purchases. The card offers 1.25% cash back on all eligible purchases with no limit to how much you can earn. There are no bonus categories or spending tiers, which makes it easy to understand and calculate your earnings.
2. Benefit 1: No annual fee
One major advantage of the SimplyCash Card is its lack of an annual fee, which means you can start earning cash back without having to worry about recouping costs from an upfront fee.
3. Benefit 2: Purchase protection and buyer’s assurance
The card offers protection against loss, theft or damage for eligible items purchased using the card, as well as an extended warranty doubling the original manufacturer’s warranty (up to one additional year).
4. Benefit 3: Flexible reward redemption
Rewards earned with this card can be applied as a statement credit on your account, allowing you to spend the cash back in any way you choose.
5. Benefit 4: Access to American Express Invites
Cardholders can enjoy exclusive access to ticket pre-sales and reserved seating offers for concerts, events, and movie screenings through American Express Invites.
6. Drawback 1: Limited acceptance
One significant drawback of the SimplyCash Card from American Express is its limited acceptance compared to other credit card providers like Visa or Mastercard. This means you may find yourself unable to use the card at certain retailers, limiting your ability to earn cash back.
7. Drawback 2: No introductory or bonus offers
While some credit cards offer promotional interest rates or bonus cash back earning potential, the SimplyCash Card doesn’t have any introductory or bonus offers for new cardholders. This means that while its cash back rate is respectable, it may not be as competitive as cards that provide an initial bonus period with higher cash back rewards.
8. Additional information:
The SimplyCash Card from American Express comes with standard American Express benefits such as 24/7 customer service and access to emergency card replacement. It is important to keep in mind that your credit score could be influenced by your ability to properly manage the card and meet monthly payments.
In conclusion, the SimplyCash Card from American Express is a solid choice for those looking for a no-annual-fee cash back card with simple earning potential and additional benefits. However, its limited acceptance and lack of bonus offers may not make it the best choice for all consumers.
Interested in other credit cards? Canadians that like the SimplyCash Card American Express credit card also like the American Express Green Card. If you’re looking for other options you should consider the American Express Cobalt, and the American Express Platinum Card.
- $0 annual fee
- Earn 1.25% cash back on virtually every purchase
- Introductory 2.5% cash back rate for the first 3 months, up to $150
- Redeem cash back anytime, as statement credits
- Emergency medical and trip interruption insurance included
- Car rental theft and damage insured
- Travel accident insurance policy
- Access to AMEX Invites, which includes concerts and special events
- Access to borderless shopping and exclusive offers from AMEX’s global retailers
- 24/7 customer service and global assistance hotline
- Potential for a credit limit increase after 6 months of card membership