Preloader Image 1 Preloader Image 2

SimplyCash Preferred Card by American Express Review

When you’re planning for a big purchase, the last thing you want to worry about is whether you’ll have the cash on hand.

SimplyCash Preferred Card by American Express
Source: SimplyCash Preferred Card by American Express

That’s why it’s so important to have a credit card that you can use to make day-to-day purchases. With a credit card, you’ll always have access to funds when you need them. In addition, you can use a credit card to build up a credit history, which will help you if you plan to make larger purchases.

A credit card is a tool that can be used for day-to-day purchases. It can be used for purchases that you need to make on a regular basis, such as groceries. It can also be used for purchases that you would like to make in the future, such as a vacation. 

SimplyCash Preferred Card by American Express
CREDIT CARD
SimplyCash Preferred
shopping coverage 10% CASH BACK
Take advantage of this card:
SEE HOW TO APPLY You will remain in the current site.

There are many benefits to having a credit card that you should consider. First, a credit card is convenient. You don’t have to carry cash or worry about not having the funds for your purchase. Secondly, it is important for you to know that you have to pay back your purchases with a credit card. This will help you learn to manage your spending better and you will also be able to see how much you are spending. Finally, when you use your credit card responsibly, you can build up a credit history, which in turn will help you if you plan to make larger purchases.

If you are interested in building your credit score, you can sign up for a credit card with a good interest rate that has a large credit line. Consider SimplyCash Preferred Card by American Express. 

And to help you to know whether this card is worth it, this article will talk about its benefits, rates and fees, people’s reviews, qualifications, and how you can apply for the card. 

Benefits of SimplyCash 

There are many benefits to using a credit card like SimplyCash Preferred Card for day-to-day purchases, including the ability to purchase goods and services without a credit check, the convenience of not having to carry cash, and the ability to build up a credit score from day one. The following are more of the benefits offered by SimplyCash Preferred Card.

  • Earning Rewards: With this card, you earn an unlimited 2% cash back on every dollar spent, making it easy to accumulate rewards quickly. Whether you’re shopping for groceries, dining out, or paying bills, every purchase contributes to your cashback total.
  • Offers 10% cashback in the first four months: The American Express SimplyCash Preferred Card provides you with 10% cash back in the first four months. That’s a lot of cash back. You can get the cash back up to $400 which is considered a pretty good deal if you are buying some things anyway. 
  • Provides a travel coverage up to $5 million: One of the benefits of having the SimplyCash Preferred Card by American Express is the travel coverage up to $5 million. This coverage includes a number of different options, such as baggage and trip interruption. There are also a number of different options that you can choose from to meet your specific needs – especially with medical expenses. 
  • You can get a hotel burglary insurance up to $500: If you are traveling and staying in an area with potential for hotel burglary, it is smart to get a hotel burglary insurance. With the SimplyCash Preferred Card by American Express, you can get up to $500 of hotel burglary insurance for free.
SimplyCash Preferred Card by American Express
Source: SimplyCash Preferred Card by American Express
  • Generous prestige and exclusive experiences in entertainment, shopping, and dining: Get exclusive access to special events, entertainment, shopping and dining, and enjoy a prestigious card that’s always in style.

Eligibility Criteria for the SimplyCash Preferred Card by American Express

To apply for the SimplyCash Preferred Card by American Express, you must meet the following criteria:

  1. Age Requirement: Be at least 18 years old.
  2. Residency: Be a resident of Canada.
  3. Creditworthiness: Have a good to excellent credit score.
  4. Income Requirement: Meet the minimum income requirement set by American Express (check their website for specific details).
  5. Personal Information: Provide a valid Social Insurance Number (SIN), email address, and phone number.
  6. Legal Agreements: Agree to the terms and conditions outlined by American Express for the SimplyCash Preferred Card.

How to Apply for the SimplyCash Preferred Card by American Express

  1. Visit the Website: Go to the American Express Canada website and find the section for the SimplyCash Preferred Card.
  2. Start Application: Click on “Apply Now.”
  3. Enter Personal Information: Provide your name, address, phone number, and email address.
  4. Provide Financial Information: Enter your employment details and income information.
  5. Submit Identification: Provide your Social Insurance Number (SIN) and other identification details.
  6. Review Terms: Carefully read and agree to the terms and conditions.
  7. Submit Application: Click “Submit” to complete your application.
SimplyCash Preferred Card by American Express
CREDIT CARD
SimplyCash Preferred
shopping coverage 10% CASH BACK
Take advantage of this card:
SEE HOW TO APPLY You will remain in the current site.

Sam Nascimento

Graduated in law Specialist in economics, investment and personal finance. Its focus is to change people's financial lives.