SimplyCash Card from American Express vs. SimplyCash Preferred Card from American Express

See how your selected cards differ in estimated value, costs and conditions.

Using example spending assumptions

$2,000/month CAD · Travel benefits assumed usable · Same profile for every card

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Selected cards

SimplyCash Card from American Express

American Express

Cash Back

Annual Fee: $0.00
First Year Bonus Value: $0.00
Net Annual Rewards: $329.00Illustrative monetary estimate ready. Example: $2,000/month. Separate from a personalized estimate.
First Year Value: $329.00

Comparison example at $2,000/month. A personalized estimate is not available for this card and profile. Review the value basis and conditions.

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Sources & terms

Last verified: October 9, 2026. Confirm current terms with the issuer.Official issuer source

SimplyCash Preferred Card from American Express

American Express

Cash Back

Annual Fee: $119.88
First Year Bonus Value: $147.00
Net Annual Rewards: $516.12Illustrative monetary estimate ready. Example: $2,000/month. Separate from a personalized estimate.
First Year Value: $663.12

Comparison example at $2,000/month. A personalized estimate is not available for this card and profile. Review the value basis and conditions.

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Sources & terms

Last verified: October 1, 2026. Confirm current terms with the issuer.Official issuer source

SimplyCash Card from American Express$0.00 annual fee

SimplyCash Preferred Card from American Express$119.88 annual fee

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On this comparison

At a glance

At a glance for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
Regular annual feeValues differ	$0	$119.88
Rewards program	Cash Back	Cash Back
Purchase APR	21.99%	21.99%

Value

Based on typical spending of $2,000/month, after annual fees. Net annual rewards exclude welcome bonuses.

Value for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
First-year valueValues differ	$329	$663.12
Net annual rewardsValues differ	$329	$516.12
Your inputValues differ	Needs your input	—
First-year bonus valueValues differ	$0	$147
Welcome offer	—	10% cash back for 3 months (up to $200)

Complete estimates

Shared inputs update only cards that use the same existing assumption. Card-specific qualifications remain separate.

Edit calculation assumptions

SimplyCash Card from American Express

Annual estimate assumptions for SimplyCash Card from American Express

Ongoing rewards use one complete reward/reset cycle with an even spending mix. Year 1, when available, uses the separate offer qualifications below; this does not estimate year-to-date or remaining allowance. Blank means unknown; enter 0 for none. Each amount is part of its parent spending.

Use Amex-eligible standalone Canadian merchant allocations. The issuer states the $15,000 grocery purchase threshold explicitly; the cap is not an inferred rewards-dollar conversion. Exclude cash equivalents, interest, fees, advances and purchase adjustments.

Enter eligible net purchase spending only. Exclude cash advances, fees, interest and purchases that do not earn cashback. The estimate assumes an open account in good standing and does not model refund timing, mid-cycle rate changes or payout dates.

This explicitly sets this card’s allocations to $0; your category spending still earns the reviewed base rate.

Eligible Amex Canadian standalone grocery purchases · CAD/monthCanadian standalone grocery stores classified by Amex. Exclude wholesale clubs, alcohol retailers, superstores and general merchandise stores; third-party processing may receive only the base rate. Parent: $500/month; remaining: $500/month.Eligible Amex Canadian standalone gas purchases · CAD/monthCanadian standalone automobile gasoline stations classified by Amex; exclude EV charging and merchants whose primary business is not gasoline. Parent: $150/month; remaining: $150/month.My spending mix is assumed even throughout the full reward cycleThis profile represents all purchases for this candidate account, including relevant additional cardholders

Needs your input. Unknown answers remain unknown; update the relevant fields above.

Rewards

Rewards for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
How you earnValues differ	2% cash back on eligible Canadian gas 2% on the first $15,000 of eligible Canadian groceries per Cardmembership anniversary year, then 1.25% 1.25% on other eligible purchases	4% cash back on eligible Canadian gas and groceries 2% on other purchases
Base / other eligible purchasesValues differ	1.25% cash back	2% cash back
Reward conditions	View reward conditions 2% cash back on eligible Canadian gas; 2% on the first $15,000 of eligible Canadian groceries per Cardmembership anniversary year, then 1.25%; 1.25% on other eligible purchases. Eligible purchase scopes, shared limits, qualifying channels or thresholds affect earning. The grocery allowance resets on the Cardmembership anniversary; annual cashback payout is a separate August/September billing process. The uncapped gas/base schedule is preserved. Model a complete allowance cycle with no cross-rate returns, cap-restoring refunds, card conversions or introductory earning. The engine does not simulate posting order, transaction rounding or the separate payout calendar. Use Amex-eligible standalone Canadian merchant allocations. The issuer states the $15,000 grocery purchase threshold explicitly; the cap is not an inferred rewards-dollar conversion. Exclude cash equivalents, interest, fees, advances and purchase adjustments. Use Amex-eligible standalone Canadian merchant allocations. The issuer states the $15,000 grocery purchase threshold explicitly; the cap is not an inferred rewards-dollar conversion. Exclude cash equivalents, interest, fees, advances and purchase adjustments. CAD annual statement credit, appearing on the September statement when the account is in good standing. The agreement calculation date is the first billing closing date on/after August 1; this is separate from the grocery cap anniversary reset. Complete card reward details	View reward conditions 4% cash back on eligible Canadian gas and groceries; 2% on other purchases. Grocery earning at 4% is capped at $1,200 cash back annually; then base earning. Non-Quebec fee is $9.99 monthly; Quebec fee is $119 annually. Complete card reward details

Fees

Fees for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
Regular annual feeValues differ	$0	$119.88
Supplementary-card fee	$0	$0
Purchase APR	21.99%	21.99%
Cash advance APR	21.99%	21.99%

Insurance & benefits

Insurance & benefits for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
Insurance	Not listed — check the issuer	Not listed — check the issuer
Other benefits	—	—

Sources

Sources for the selected cards, in selected order.
Fact	SimplyCash Card from American Express	SimplyCash Preferred Card from American Express
Last verifiedValues differ	Last verified: October 9, 2026	Last verified: October 1, 2026
Official sources	Official issuer product page (opens new tab)	Official issuer product page (opens new tab)

Approval likelihood, interest expense and actual redemption transactions are not modeled. Verify current issuer terms before applying. WalletReturn methodology

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Figures are estimates in CAD and rounded for display; rounded contributions may not sum exactly to totals. Ongoing value excludes welcome bonuses, one-time benefits and rebates. Interest expense is not deducted. Benefits depend on your profile and issuer terms.