The SimplyCash Preferred credit card is an interesting choice for consumers who rely on credit cards for their everyday spending and want to build a strong credit history.
By using it responsibly, you can improve your credit score, establish a solid financial track record, and, most importantly, work towards a higher credit limit.
This financial product deserves attention because of its exclusive benefits and also for its cashback rewards, allowing cardholders to save while they spend.
Keep reading to discover how it works and why it’s a standout option for American Express customers.
Who is the SimplyCash Preferred card for?
This financial product is recommended for people who want to earn cashback on everyday purchases without the hassle of complicated rewards programs.
It’s well-suited for individuals who use their credit cards regularly and appreciate extra perks like travel benefits and purchase protection.
Benefits of the SimplyCash Preferred
We can highlight some of the benefits that the customer will have when applying for the card.
Check out what these perks are:
Cashback on eligible purchases
Cardholders get 4% cashback for eligible gas station and grocery purchases in Canada, besides 2% cashback on all other purchases made with the card.
Travel accident insurance
Consumers can count on coverage of up to US$100,000 for fatal or serious dismemberment accidents.
Emergency medical insurance
Stay insured during your travels outside of your Canadian province or territory of residence with coverage up to US$5,000,000.
Purchase protection
Eligible items purchased with your card are covered for up to 90 days against accidental damage or theft, with a maximum protection of $1,000 per occurrence for all combined items.
Main details of the credit card
Card network: American Express;
Type: it can be used inside and outside of Canada;
Initial limit: established according to the client’s profile and creditworthiness;
Annuity: this financial product has a monthly fee of $9.99, which equals to an annual fee of $119.88;
Annual interest rate: 21.99% on purchases and funds advances.
Does it accept people with bad credit? For this item, consumers must have a good or excellent credit score.
Documents required to apply
If you want to apply for the SimplyCash Preferred card, take a look at the documents that may be required for this process:
- Proof of identity;
- Proof of residency;
- Proof of income.
Additionally, other documents may be requested depending on your financial profile and the issuer’s assessment, such as recent bank statements or employment verification.
How to contact American Express?
If you need assistance from this financial institution, you can get in touch through the following channels:
- Personal card support: 1-800-567-2639;
- TTY (Text Telephone): dial 711, then call 1-866-549-6426;
- General inquiries: 1-800-869-3016.
How to apply for the SimplyCash Preferred card?
You can choose the way that works best for you when applying for this financial product.
Apply online from the comfort of your home with just a few clicks, starting with a quick eligibility check.
Or, if you prefer, visit an American Express branch and apply in person.
Conclusion
The SimplyCash Preferred credit card stands out as an appealing option for consumers looking to maximize their everyday spending while building a strong credit history.
Its cashback rewards on essential purchases like groceries and gas make it a smart choice for those who want to save while they spend.
Additionally, its travel benefits, purchase protection, and emergency insurance add significant value for frequent travelers and those who prioritize financial security.
However, it’s important to consider the monthly fee and credit score requirements before applying.
And remember: this financial product is best suited for individuals with good to excellent credit scores who can take full advantage of its benefits.
Click the button below to be redirected to the official website responsible for issuing the SimplyCash Preferred credit card: