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SimplyCash Card from American Express — American Express Canada

American Express Canada American Express

American Express Cash back

Carte IQ catalogue profile

SimplyCash Card from American Express

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

Less suitable if: terms that remain unconfirmed are essential to your decision.

Annual fee: $0
Reward type: Cash back
Welcome offer: Confirmed offer
First-year estimate: $668.13

Data verified on September 7, 2026

Estimate with my spending

Carte IQ estimate

Estimated net value — first year

$668.13

Annual fee thereafter: $0
First-year fee: $0 — no annual fee

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: $568.13
Recurring annual fee already deducted: $0
Welcome-offer value earned during the first 12 months: $100
First-year fee: $0 — no annual fee

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 Carte IQ rating grid
Offer changed recently

Welcome bonus: 5 $ CAD
Estimated value: $100 first 12 months, per the valuation published by Carte IQ
Last verified: August 27, 2026 · Verified 17 days ago

New offer observed — August 27, 2026

Historical context

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

Facts come from the data published by Carte IQ (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	1.25%	No published cap
Gas	2%	No published cap
Groceries	2%	$15,000 cap / year · 1.25% after the cap
Other purchases	1.25%	Cap not documented

Fees and eligibility

Annual fee thereafter: $0
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

Extended warranty Not documented

Conditions

Buyer's Assurance Protection Plan
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 gas and EV charging

CIBC Costco MastercardCIBC · Mastercard

Annual fees: $0
Annual net value: $92

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MBNA Smart Cash Platinum Plus MastercardMBNA · Mastercard

Annual fees: $0
Annual net value: $74

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Best for travel

Marriott Bonvoy American Express CardAmerican Express Canada · American Express

Annual fees: $120
Annual net value: $162.45

View card

Go further

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

Sources and uncertainties

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

View source