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Reference strategies

Reference strategy: Cash Back

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Annual spending levels

The same total amount is used for every profile at a given level. Only the distribution across spending categories changes by profile.

  • Moderate — $24,000 / year
  • Standard — $36,000 / year
  • High — $60,000 / year

In a personalized analysis, your actual spending replaces this reference basket.

Cash Back

2 cards that maximize cash back on your everyday spending.

Adapt to my spending

Your recommended cards

2 cards in this strategy
1 Primary card
SimplyCash Preferred Card from American Express — American Express Canada

SimplyCash Preferred Card from American Express

American Express Canada

$36,000/year assigned to this card

Welcome offer included

View card
2 Backup card (other network)
Student BMO CashBack Mastercard — BMO

Student BMO CashBack Mastercard

BMO

Welcome offer included

View card

How to use this strategy

Spending breakdown for the reference profile and the recommended card for each category.

  • Groceries $8,400 SimplyCash Preferred Card from American Express
  • Everyday purchases $7,200 SimplyCash Preferred Card from American Express
  • Pre-authorized payments $6,000 SimplyCash Preferred Card from American Express
  • Gas / charging $3,600 SimplyCash Preferred Card from American Express
  • Restaurants $3,600 SimplyCash Preferred Card from American Express
  • Transportation $2,400 SimplyCash Preferred Card from American Express
  • Entertainment $2,400 SimplyCash Preferred Card from American Express
  • Hotels $1,200 SimplyCash Preferred Card from American Express
  • Travel $1,200 SimplyCash Preferred Card from American Express

These amounts make up this scenario’s reference profile. Adapt them to receive a personalized strategy.

View calculation details Understand net value, fees, and each card’s contribution.

How this strategy’s value is built

The breakdown shows each card’s contribution. Applicable fees have already been deducted.

Annual net value
Annual gross value
$960
Annual fees
$119
Annual net value
$841
First-year value
Recurring net value
$841
Eligible offers
$325
First-year value
$1,166
2-year total$2,057
3-year total$2,898

The first year includes offers earned during the first 12 months; subsequent years use recurring value.

Each card’s contribution

Each expense is assigned once to the card responsible for it.

SimplyCash Preferred Card from American Express — American Express Canada

SimplyCash Preferred Card from American Express

Primary card for alternative transportation, general spending, entertainment, gas, groceries, hotels, recurring payments, dining, travel. Its place in this strategy is also supported by its current welcome offer: it ranks No. 5 among cash-back and credit offers, with a conservative estimated net value of $120.13 for the complete offer.

$36,000 in assigned spending

  • Transportation
  • Everyday purchases
  • Entertainment
  • Gas / charging
  • Groceries
  • Hotels
  • Pre-authorized payments
  • Restaurants
  • Travel
Annual net contribution
$841
Offer — first 12 months
$200
First-year contribution
$1,041
Annual fee
$119
Student BMO CashBack Mastercard — BMO

Student BMO CashBack Mastercard

Visa or Mastercard backup for merchants that do not accept American Express.

$0 in assigned spending

Annual net contribution
$0
Offer — first 12 months
$125
First-year contribution
$125
Annual fee
$0

Assumptions used

Strategy assumptions $36,000/year Standard 2 cards max. Priority: Cash back