The SimplyCash Card from American Express Review

By: Heather Hanks Sep. 25, 2019

The Simplycash Card From American Express offers 2.5% cash back rewards for three months (up to $150) and no annual fee. After the three months or $150 is met, your cash back rewards rate drops to 1.25%. There is no limit to how much cash back you can earn. You can also get additional cards with no annual fee to help increase your rewards. We think this is a pretty impressive way to save, which is why the Amex Simplycash card is one of American Express’s most popular cards. Plus, you’ll enjoy shopping and travel coverage and rewards. The American Express Simplycash card is ideal for both business and personal use. Check out our Amex Simply Cash review for more details below.

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Overall Rating

What is the SimplyCash™ Card from American Express?

The American Express Simply Cash card allows you to earn cash back for your purchases. You’ll get a welcome bonus offer of 3% cash back for three months up to $150. After that, your cash back rate will hold steady at 1.25%. There is no annual fee for the card. Plus, additional cards also come with no annual fee. This means that you can hand out additional cards to your employees or family members and increase your cash back savings. You’ll like that there is no limit to how much cash back you can earn. The Amex Simply Cash card rewards you for being a member. You’ll get a referral bonus of $100 for every friend or family member you refer for up to $1,500 per year. You’ll also get shopping coverage for everything you buy and $100,000 in travel accident insurance. American Express card holders also know that their card is fully protected from fraud and theft. That’s because American Express catches all unusual activity on your card before you even notice it. You can contact their customer service department anytime of day or night. They also offer emergency card replacement no matter where you are traveling in the world. Here are some basic fees and benefits of the Simply Cash Business Card:

Card type: credit card
No annual fee
No annual fee for additional cards
19.99% APR on purchases and 22.99% APR on funds advances
Welcome bonus offer of 2.5% cash back for three months (up to $150)
1.25% cash back after the 3 months or $150 is up
$100 bonus for referring a friend (up to $1,500 per year)
Front of the Line entertainment access, including access to tickets before they go on sale to the public
Shopping coverage including buyer’s protection plan
$100,000 in travel accident insurance

Many people like using a cash back card because it guarantees that they’ll get money back. The Simply Cash Amex card is ideal whether you’re a business owner or you just like to get cash back for your personal purchases. With no annual fee, this is a card that everyone can afford. Use it when you travel, buy your daily coffee or charge office items to your account. The Simply Cash American Express is a credit card, which means you’ll need excellent credit to apply. It’s the perfect card to use to charge your weekly Costco groceries, book a flight, or purchase office supplies. You’ll get cash back for purchases you would normally make.

SimplyCash™ Card From American Express Benefits

The SimplyCash Card from American Express allows you to earn cash back on your purchases. The best part is that there is no limit to how much cash back you can earn. This means that the more you charge to your card, the more cash back you’ll get. The SimplyCash Card also offers other benefits that are exclusive to American Express members. You can expect shopping and travel coverage on all purchases. Plus, you can rest easy knowing that your card is protected from fraud and authorized charges. You’ll get emergency card replacement no matter where you travel in the world.

You’ll also like that you can save money on interest when you transfer your existing card balance to your new card. American Express offers an introductory rate of 1.99% on balance transfers for the first six months of membership. After that, your APR returns to the normal rate of 19.99% for purchases and 22.99% APR for funds advances. You can also choose to transfer 50% of your credit limit for up to a maximum of $7,500 (whichever is less). To redeem these offers, you must transfer your balance when you first fill out an application.

Interest

Here is a complete list of benefits you get with the SimplyCash Card from American Express:

Welcome bonus offer of 2.5% cash back for three months (for up to $150)

1.25% cash back after welcome bonus offer wears off

No annual fee for the primary card OR supplementary cards

No limit on how much cash back you can earn

$100 bonus each time you refer a friend (for up to $1,500 per year)

Introductory balance transfer offer of 1.99% APR for six months (must transfer balance at the time of applying)

Option to transfer 50% of your credit limit on your new card without fees (must also be done at the time of applying)

24/7 customer service care and Online account access (you can log into your account anytime of day from any device)

$100,000 in travel accident insurance: this covers you, your spouse and your dependent children under the age of 23 if you get injured while traveling common carrier. You must use your card to purchase your tickets. This coverage also applies to additional card holders and their families.

Purchase protection plan: this coverage protects all items that you fully charge to your card against theft and physical damage. This cover applies to all items, even if you don’t register them.

Emergency card replacement no matter where you are in the world and Fraud protection (you won’t be held responsible for unauthorized charges on your primary card or your additional cards)

Buyer’s assurance protection plan: this allows you to extend your warranty for up to one additional year on items that you purchase with your card.

Card holders also get access to special offers and experiences just for being a member. You’ll get to pick from a variety of special offers all year long that are created for just American Express members. These include advance screenings of in-demand movies, online and in-store shopping experiences, and weekend getaway packages. You’ll also get to cut the line with American Express entrance at certain events. Before the event begins, you can relax in one of many American Express lounges. This includes lounges at Massey Hall, Roy Thomson Hall, and Budweiser Stage.

American Express also likes to reward its members by offering them entertainment access. You’ll get Front of the Line access to the most in-demand concerts, sporting games, and more. This feature allows you to buy tickets before they go on sale to the general public. You’ll get the best seat possible. You’ll also get Front of the Line Reserved tickets. You can pick from a group of tickets that were set aside just for American Express card holders. American Express will also email you whenever there is a great concert or entertainment event in your area. This allows you to get tickets before others get the chance to!

SimplyCash™ Card From American Express PROS and CONS

We don’t think you can do better than the SimplyCash Card from American Express. There is no annual fee and you get 1.25% cash back. Plus, you get 2.5% cash back for the first three months (or up to $150). You can use this card as a business card or for personal reasons. You can also take out additional cards for your family or employees and watch the cash back rewards pile up. Use this card for your basic everyday or weekly grocery trips or use it to book travel arrangements. If you’re a heavy traveler, then you may want to find a card that is more suited toward your lifestyle. Other cards might offer better travel rewards, such as the power to redeem points or miles for hotels, flights, and rental cars. We also like that the SimplyCash card is a true cash back card. Other cards might offer points or miles, but you can’t redeem these for cash. Most people like that they get money back into their account and can see their savings. We also like that there is no annual fee for this card and you’re saving at a rate of 1.25%. You might find a better cash back reward rate elsewhere, but it will be offset by a higher annual fee.

SimplyCash™ Card PROS

Welcome bonus offer of 2.5% cash back for three months or up to $150 (whichever comes first!)
1.25% cash back rate after the welcome bonus offer
You can use additional cards to earn more cash back and there is no limit on how much cash back you can earn
$100,000 in travel accident insurance (this covers you, your spouse, and your dependent children under 23 when you use your card to buy your common carrier tickets)
Supplementary card holders and their family members are also covered for $100,000 travel accident insurance policy
Buyer’s assurance protection plan that doubles your warranty for up to one additional year on items that you fully charge to your card
Purchase protection plan that protects your items from theft or physical damage when you fully charge them to your card (this coverage applies even if you don’t register your items)
Introductory balance transfer offer of 1.99% for six months on balances that you transfer to your new card (there is no fee for this and you must do it at the time of your application)
Emergency card replacement (American Express will get a new card to you if it’s lost or stolen no matter where you are in the world)
Front of the Line e-updates so you can stay informed when a new event comes to your area
24/7 customer service care provided (you can reach a customer service member by calling the number on the back of your card anytime of day or night)
Front of the Line access to tickets for entertainment events before they go on sale to the public
Front of the Line Reserved ticket access (you can buy tickets reserved for American Express card holders only to in-demand events)
Option to transfer 50% of your credit balance up to $7,500 at the time of signing (no fee for this, either!)
Special offers and experiences for members, such as weekend getaways, online and in-store shopping, and advance screenings of movies
Fraud protection guarantee to ensure that you aren’t responsible for unauthorized charges
There is also no annual fee for supplementary cards
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No annual fee
Earn $100 for every friend or family member you refer (for up to $1,500 per year)
Special access to lounges at entertainment events for American Express card holders

SimplyCash™ Card CONS

The cash back rate of 1.25% isn’t as high as other cards. Keep in mind that you might find a better cash back rate with another card, but it will be offset by a higher annual fee. We like that you don’t have to pay an annual fee to be an American Express member with this card, and the benefits outweigh any cons. But if you really want to maximize your spending and you aren’t afraid to pay a higher fee each year, then check out other options.
Look elsewhere if you want a travel card. You’ll still get rewarded when you use your SimplyCash Card for travel purchases, but you could do better if your goal is to score flights, car rentals, and hotels. Other cards will assign you points and miles as opposed to cash back. If you’re a business owner who travels often and wants the discounts associated with travel, then check out another card.

The SimplyCash Card from American Express would be a great card if you’re looking for an all purpose option. We don’t like the idea of carrying around too many cards. You can earn points on everyday purchases and travel accommodations with this card without having to carry around two cards in your wallet. The SimplyCash Card is a true cash back card, which means you’ll have money to spend at the end of the year. This would be a great card for anyone looking to earn cash back without paying large amounts of money each year in annual fees.

How To Apply SimplyCash™ Card From American Express

American Express makes the application process simple. You’ll need to have excellent credit to apply. The better your credit is, the better your terms and rates will be. Make sure you don’t apply for any credit card unless you’re 100% sure. This is because most credit card companies will run a hard pull on your credit and it will show up on your report. Too many of these can negatively impact your score. We think you will want to apply for this card though, so have all of your information handy when you visit the website.

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Have the following information ready when you apply: ● Personal information including full name, date of birth, social security number and address ● Financial information including bank account number, place of employment, and more

You will need to be a Canadian resident and have a Canadian credit file to apply. You’ll also need to be the age of majority where you live. The website says that you will have an answer in 60 seconds after you enter in your information. Keep in mind that welcome offers only apply to new American Express card members only. American Express wants you to know that missing payments means your APR will increase for purchases and funds advances. The more payments you miss, the higher your APR will increase for longer. This is a good reminder to always pay on time and never spend more than you can pay back.

Conclusion

The above review of the SimplyCash Card from American Express is based on the opinion of Creditnervana. We like this card for basic everyday uses, but it can also be used as a travel or business card. You’ll get 2.5% for the first three months or up to $150 in cash back. After that, you’ll get 1.25% cash back on all purchases. Plus, there is no annual fee or limit to how much you can earn. Additional cards also come with no annual fee. This card also comes with American Express customer service and other security features, such as fraud protection, shopping coverage, and $100,000 in travel insurance. Look for a different card if you want one that helps you earn points or miles on travel related expenses, but expect to pay higher fees.