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SimplyCash Preferred Card from American Express — American Express Canada

American Express Canada American Express

American Express Cash back

Futello catalogue profile

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.

Annual fee: $119
Reward type: Cash back
Welcome offer: Confirmed offer
First-year estimate: $1,115.12

Data verified on September 7, 2026

Estimate with my spending

Futello estimate

Estimated net value — first year

$1,115.12

Annual fee thereafter: $119
First-year fee: $119.88 — no fee waiver confirmed for the current offer

View the official page

View calculation details

This estimate combines the card’s ongoing value in a balanced scenario with the portion of its welcome offer earned during the first 12 months.

Ongoing net value in the scenario: $916
Recurring annual fee already deducted: $119
Welcome-offer value earned during the first 12 months: $200
First-year fee: $119.88 — no fee waiver confirmed for the current offer

Balanced reference scenario

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

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

The total amount matches the selected level and is applied entirely to this card. Rewards are projected from the certified balanced scenario; fees are never multiplied. A first-year fee rebate is applied only when confirmed in the published offer. Ordinary rewards on required spending are not counted twice.

First year

Welcome offer

Current offer · not enough history to compare
Offer quality: Fair Futello rating grid
Offer changed recently

Welcome bonus: 10 $ CAD
Requirements: $2,000 in spending within 3 months · 2 tiers
Estimated value: $200 first 12 months, per the valuation published by Futello
Last verified: August 27, 2026 · Verified 25 days ago

Offer reduced — August 27, 2026

Historical context

Futello does not yet have enough verified history to compare this offer.

Facts come from the data published by Futello (official issuer source, verified history). The page does not estimate anything on its own. Are credit-card welcome bonuses worth it? · How offers are evaluated

Email me if this offer changes

Earning

Rewards

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

Fees and eligibility

Annual fee thereafter: $119
Additional card: $0, up to 9 cards
Published minimum income: Not documented
Availability in Quebec: Available

Geographic eligibility never guarantees approval.

Benefits

Not documented

Insurance

Lost or stolen baggage insurance Not documented

Conditions

Lost or Stolen Baggage Insurance
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Baggage delay insurance Not documented

Conditions

Baggage Delay Insurance
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Rental car collision and loss damage insurance Not documented

Conditions

Car Rental Theft and Damage Insurance
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Extended warranty Not documented

Conditions

Buyer's Assurance Protection Plan
View source

View 5 more coverages

Flight delay insurance Not documented

Conditions

Flight Delay Insurance
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Emergency travel medical insurance Not documented

Conditions

Out of Province/Country Emergency Medical Insurance (For under age 65)
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Mobile device insurance Not documented

Conditions

Included coverage; detailed conditions remain in the official certificate.
View source
Purchase protection Not documented

Conditions

Purchase Protection Plan
View source
Travel accident insurance Not documented

Conditions

Travel Accident Insurance
View source

Published combinations

Role in a strategy

Comparable alternatives

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

Best for groceries

American Express Cobalt CardAmerican Express Canada · American Express

Annual fees: $191.88
Annual net value: $333.12

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Cash Back World Elite MastercardDesjardins · Mastercard

Annual fees: $100
Annual net value: $305

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Go further

Evergreen guides with no numbers that go stale, and the full Futello methodology.

Sources and uncertainties

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

View source