SimplyCash® Card from American Express
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
Capped — this rate stops at an annual limit we have not confirmed
Capped — this rate stops at an annual limit we have not confirmed
What this card earns you
Enter what you spend in a month. Caps are applied exactly as the card states them.
Annual spend
$21,600
$1,800 a month
Estimated rewards
$272
per year, after caps
After the annual fee
$272
no annual fee
2% up to an annual limit we have not confirmed
That ceiling is shared with Gas — one bucket between them, not one each.
Of your $6,000 a year, $231 earns 2% and $5,769 falls past the cap.
$77
per year
2% up to an annual limit we have not confirmed
That ceiling is shared with Groceries — one bucket between them, not one each.
Of your $1,800 a year, $69 earns 2% and $1,731 falls past the cap.
$23
per year
1.25%
$45
per year
1.25%
$30
per year
1.25%
$60
per year
1.25%
$38
per year
At this spend you pass the cap on groceries, gas. Spend past a cap still earns — at the card's lower rate, not nothing.
Estimates use each card's published earn rates and spending caps, annualized from your monthly figures. Where a cap is shared across categories it is split in proportion to what you spend in each. Welcome bonuses are not included.
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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