Amex SimplyCash Preferred review, Canada’s best flat-rate cashback card for everyday spending
A down-to-earth review of the Amex SimplyCash Preferred, showing how its 2% flat cashback, annual fee and perks turn groceries, gas and everyday bills into real savings for Canadians
Why the Amex SimplyCash Preferred is a smart pick in Canada
The Amex SimplyCash Preferred is one of the most straightforward cashback credit cards available to Canadians. With a 2% flat cashback on eligible purchases, it removes the hassle of rotating categories or strict enrolment, making everyday spending pay off consistently.
Canadians who prefer simplicity will appreciate how the Amex SimplyCash Preferred treats groceries, gas and monthly bills equally. The flat-rate cashback approach works well for households that want predictable returns without tracking categories or complex reward rules.
Rewards structure, fees and notable perks
The card pays a 2% flat cashback on purchases, which is very competitive for general spending in Canada. There’s an annual fee (commonly around $99 CAD), but many cardholders find the ongoing cashback easily offsets that cost if they use the card for recurring expenses.
Perks include purchase protection and travel benefits typical of American Express, plus easy redemption as statement credits. The combination of reliable rewards and Amex’s customer service adds tangible value for day-to-day financial management.
How to maximise your 2% flat cashback every month
To get the most from the Amex SimplyCash Preferred, route recurring bills and grocery shopping through the card and pay the statement in full each month. That simple habit turns regular expenses into steady cashback without extra effort.
Adding an authorized user and using the card for family expenses can increase earnings, while monitoring monthly statements helps catch missed opportunities. Keep an eye on Amex promotions too, since occasional targeted offers can bump your effective return higher.
Who should apply and final thoughts
If you live in Canada and want a no-nonsense cashback credit card, the Amex SimplyCash Preferred is a strong contender. It’s ideal for people who want predictable, flat-rate cashback on everyday purchases rather than niche bonuses for travel or dining.
Before applying, consider your yearly spend: if you charge groceries, utilities and fuel on a credit card regularly, the 2% flat-rate cashback will likely outweigh the annual fee. For straightforward, reliable rewards with Canadian customer support, the Amex SimplyCash Preferred makes everyday spending work harder for you.