American Express Simply Cash

3.8 / 5

At a Glance

  • No annual fee card
  • Reliable cashback for all purchases


  • 1.25% on all spend
  • No breakage - all earnings paid into account
  • 1.99% annual interest rate for the first 6 months


  • Cashback percentage not the best out there
  • Once a year crediting of earnings will turn off some

Get 1.25% Cashback on Everything

American Express Simply Cash Review

The SimplyCash AMEX

We are fond of repeating our cashback mantra: percentage, usability and protection. The idea is to get a card with the highest cash back percentage, with minimal roadblocks in the way of using your earned cash back, and hopefully with some sort of integrated insurance to provide protection for big ticket purchases.

The AMEX SimplyCash card has no annual fee and ticks all of these boxes. The card offers 2.5% cashback for the first three months. After that, it’s smooth sailing with 1.25% cash back across the board, provides all earned cash back to customers down to the penny, and has quality purchase protections.

AMEX SimplyCash Cashback

The 2.5% cashback is a decent cash back rate for a no-fee card, which we should note is capped at $150.  So you won’t get the massive welcome package of, say, the Starwood Preferred Guest Credit Card, but you also needn’t pay $120 bucks a year.  And your cash is released into customer accounts each September, with the full amount earned over the previous 12 months included.  Whilst some might be uncomfortable with a once-a-year release, take comfort in the fact that there is no breakage – unused cash back value – as one will find with competitors that pay out in increments.

Payment protections

AMEX offers two different forms of payment protection, which makes the card very usable on domestic purchases.

  • Purchase protection: Get compensated for lost, damaged or stolen items when using the Simply Cash card for purchase.
    Extended Warranty: AMEX’s Buyers Assurance program doubles the manufacturer’s warranty for up to a total of 12 months when the Simply Cash card is used for purchase.

Additionally, Simply Cash offers car rental damage and theft insurance, which not only is a great value add – this retails for $10-$20 per day – but it means you can feel comfortable enjoying a 1.25% cash back on your car rentals, knowing you are fully covered by AMEX.

Balance Transfer

Feel free to transfer your outstanding balance to Simply Cash as there are no fees, and new customers enjoy a low 1.99% annual interest rate for the first 6 months.

Closing Balance

The Simply Cash AMEX offers a good flat rate cash back percentage on all purchases, no breakage (unused cash back) on your earnings, good payment protections, free supplementary card and a pretty stellar six month introductory offer. With no annual fee, why not give it a try?

Get 1.25% Cashback on Everything
Card Type Credit
Annual Fee $0
Supplementary Card Fee $0
Purchase Regular APR 19.99%*
Cash Advance Rate 22.99%*
Balance Transfer? Yes
Regular Balance Transfer APR 22.99%*
Late Fee $25*
Penalty APR 23.99%-26.99%*
Eligibility - conditions apply Canadian residents with a Canadian credit file

Age of majority in the province or territory you reside


*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

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