Cash back card · American Express
SimplyCash Preferred Card from American Express
American Express · Amex · cash back
Below is every rate the SimplyCash Preferred Card from American Express earns, each one quoted from American Express's own terms with the clause and the date we checked it. The $119.88 annual fee is shown on its own, never subtracted from a rate.
4%
Top rate
2%
Base rate
$119.88
Annual fee
2.5%
FX fee
Last updated Reviewed by
This card also earns a place on Verdict's best-of rankings for groceries and gas.
Everything it earns
every rate quoted from American Express's terms · annual fee shown separately, never netted4%
Gasverified Jul 7, 2026Read the clause
Verbatim clause from American Express's terms
“Earn 4% cash back on eligible gas purchases in Canada at stand-alone automobile gasoline stations in Canada.”
Cap No cap
Read the source termsGroceriesverified Jul 7, 2026Read the clause
Verbatim clause from American Express's terms
“Earn 4% cash back on eligible grocery purchases in Canada, up to $1,200 cash back annually, at stand-alone grocery stores in Canada.”
Cap $30,000 / yr
Read the source terms2%
Everything elseverified Jul 7, 2026
The everyday earn outside any bonus category, no cap
Annual fee
Shown on its own, never subtracted from the rates above
$119.88
Foreign transaction fee
On purchases in a currency other than Canadian dollars
2.5%
How we verify
Every rate on this page is quoted from American Express's current terms and dated the day we last checked it. When the terms change, the page regenerates. Reviewed by Spotted something off? or email us at
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