Learn How to Apply for a Simply Cash Preferred Card

What do I need to know before applying?

The American Express SimplyCash Preferred offers a powerful card to earn up to 4% cashback in different categories and bonuses of up to $200 in each of the first 3 months!

American Express is a major credit card brand in the North American market, extending beyond the USA to the entire continent.

In this sense, it brings its services to Canada, offering the Amex SimplyCash Preferred as one of its standout options.

The card offers various bonuses, such as 10% cashback on all purchases for the first 3 months, up to $200, plus an additional $50 in statement credits when you make a purchase in the 13th month. 

Additionally, you can earn up to $750 in annual cashback for referring friends who sign up for the card.

The credit limit largely depends on the conditions presented in each application, such as credit history and income.

Therefore, expect high limits for using the card. In terms of costs, the monthly fee is $9.99, totaling $119.88 annually, with an annual interest rate of 21.99% for purchases and cash advances.

The card offers different cashback levels, which are:

• 4% on gas: qualifying purchases at gas stations
• 4% on groceries: qualifying purchases at supermarkets
• 2% on all other categories

By referring a friend, you can earn up to $750 in cashback over the year. The American Express card is widely awarded, especially for the strength of its cashback.

Another highlight is the cell phone protection insurance, offering coverage of up to US$ for theft or damage to phones purchased with the card.

If you liked the option, keep reading.

Who can Apply?

The American Express card has prerequisites consistent with credit strength.

Therefore, you must be a citizen over 18 or 19 years old, depending on the province.

Additionally, you must be properly registered in the country, either as a Canadian citizen or as a foreigner with a valid passport and visa.

To access SimplyCash, you will need to have a good credit score, be debt-free, and provide your income details.

All applications are subject to availability by American Express.

How do I Apply for the Simply Cash Preferred Card?

Right on the card’s page, you’ll find the ‘Apply Now’ button to start the application.

When you click the button, you will be redirected to the page to confirm and agree to the terms. Amex promises a response in up to 60 seconds. Here’s what you’ll need to fill out in the form:

• First name, last name, name on the card, email address, date of birth, postal code, social security number (optional), and existing American Express card number (optional);
• Phone number, full address, type of housing (owned, rented, and others);
• Financial information such as job type, payment frequency, income, and spending ratio.

After that, you can submit your request for American Express to review.

The promise is of a quicker response compared to the market. Regardless, you can count on Amex’s customer service and support to answer any questions.

During the application for the card, you may be required to provide documentation to verify your identity and income.

More Details

The card is comprehensive, offering American Express experiences, such as exclusive access to early ticket purchases, reservations, entertainment experiences, and dining experiences.

Amex’s high standard also includes shopping experiences while traveling and access to the American Express Lounge, offering plenty of luxury to enjoy life with your SimplyCash.

In terms of security, the card offers 24/7 customer service, emergency card replacement, fraud protection guarantee, and the complete American Express app to manage your account online.

Additionally, the card comes with exclusive offers with American Express on shopping, dining, and travel.

Want to learn another option?

Want to try a unique experience from a 100% Canadian company? Neo Financial introduces the Neo Money Card, the option between credit and debit.

The card spends what is available in your Everyday account while offering cashback based on your spending. See how to apply.

Written by

Gabriel Gonçalves