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American Express Canada American Express Cash back

SimplyCash Preferred Card from American Express

Relevant if: you can benefit from its documented earning categories.

Less suitable if: you do not recover at least $119 in value to offset the annual fee.

Estimate with my spending

Futello estimate

Net value, first year

$80.12

The bonus in dollars, minus the fees to earn it.

Fee: $119.88 a year, from year one (no rebate confirmed)

Offer verified on November 5, 2026

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View calculation details

Offer (first 12 months): $200.00
− First-year fees: $119.88
= First-year net value: $80.12

For a spending profile of $36,000 a year

The offer plus the card’s rewards on this profile. The net value above counts the offer only.

Rewards net of annual fees (balanced scenario): $916
+ Offer (first 12 months): $200
= Estimate for this profile, offer included: $1,115.12

Basket breakdown · Balanced reference scenario

Value calculated with a balanced spending basket of $36,000 per year.

Everyday purchases$11,250
Groceries$11,250
Restaurants$4,500
Gas / charging$4,500
Pre-authorized payments$4,500

The whole selected basket goes on this card, per the certified balanced scenario. Fees counted once; first-year rebate only when the published offer confirms it; rewards on required spending never counted twice.

Welcome offer

Current offer

Welcome bonus: Up to 10 %
Conditions: 2 tiers, up to $2,000 in spending within 13 months

See the tier-by-tier detail

Promotional value of $200 Spend $2,000 within 3 months

Promotional value of $50 Earn within 13 months
End date: End date not published
Offer quality: Fair Futello rating grid
Last verified: Verified today

Offer reduced — August 26, 2026

Email me if this offer changes

Offer history: too short to compare

September 13, 2026 10 % $2,000 in spending within 13 months current offer

Facts from the issuer’s official site and Futello’s verified history. How offers are evaluated

Rewards

Category	Reward	Conditions
Other purchases	2%	Cap not documented
Gas	4%	No published cap
Groceries	4%	$30,000 cap / year · 2% after the cap
Other purchases	2%	No published cap

Role in a strategy

Comparable alternatives

Published values use the same scenario within each use; groups do not form one overall ranking.

Best for gas and EV charging

CIBC Dividend Visa Infinite CardCIBC · Visa

Annual fees: $120
Annual net value: $168.67

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CIBC Dividend Platinum Visa CardCIBC · Visa

Annual fees: $99
Annual net value: $125.35

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Best for all other purchases

American Express Green CardAmerican Express Canada · American Express

Annual fees: $0
Annual net value: $175.50

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Go further

Sources and uncertainties

Unconfirmed information remains distinct from an absence. Always review current terms with the issuer.

View source