SimplyCash® Card from American Express
- Highly competitive no annual fee cash back alternative.
- Earn 2% cash back on eligible gas and grocery purchases in Canada.
- Earn a baseline 1.25% cash back on all other eligible purchases, outperforming standard 1% baseline cards.
This no-fee cashback card rewards everyday spending without requiring category activation or points redemptions. It stands out for pairing elevated gas and grocery earn rates in Canada with a solid base earn rate on all other eligible purchases.
Welcome bonus
Earn up to $100 in bonus cash back.
worth approximately $100
~$100 first-year value
Earn rates
Estimate annual rewards
You'd earn ~$240/year
Key facts
Annual fee
$0
$0 for Additional Card.
Purchase APR
21.99%
Cash advance APR
21.99%
Foreign transaction fee
2.5%
Income required
No minimum income requirement disclosed
Credit score
660+
Quebec residents — terms may differ
No annual fee applies in Quebec, and a 5% minimum monthly payment is required.
Rates and fees sourced from American Express Canada's official card page →
Perks & benefits
Highly competitive no annual fee cash back alternative.
Earn 2% cash back on eligible gas and grocery purchases in Canada.
Earn a baseline 1.25% cash back on all other eligible purchases, outperforming standard 1% baseline cards.
This no-fee cashback card rewards everyday spending without requiring category activation or points redemptions. It stands out for pairing elevated gas and grocery earn rates in Canada with a solid base earn rate on all other eligible purchases.
Insurance coverage
- Standard American Express travel and shopping coverage.
Pros & cons
Pros
- No annual fee makes it easy to keep long term
- Strong 2% earn rate on gas and groceries in Canada
- Solid 1.25% base rate for a no-fee cashback card
- Simple cashback structure with no points program to manage
Cons
- American Express acceptance is lower than Visa or Mastercard
- Welcome bonus is smaller than many annual-fee cards
- Insurance coverage is lighter than premium cashback cards
- Foreign transaction fee details are not clearly published here
Eligibility requirements
- Canadian resident, age of majority.
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