How to Apply for the AMEX SimplyCash Preferred Card by American Express

Whether you are a frequent shopper, a travel enthusiast, or someone who wants to maximize their financial benefits, this credit card provides an excellent opportunity to make the most of your spending. However, before applying, it’s important to understand how this card works, its eligibility criteria, and whether it aligns with your financial needs.

The AMEX SimplyCash Preferred Card is designed for those who value simplicity and flexibility in their rewards. Unlike many other rewards cards that require cardholders to track categories or redeem points through specific portals, this card offers a flat 2% unlimited cashback on all purchases. This means that no matter what you buy—whether it’s groceries, gas, travel, or dining—you earn the same high cashback rate.

Additionally, American Express frequently offers a generous welcome bonus, allowing new cardholders to earn extra cashback in the first few months of membership. This makes it an attractive option for those who want immediate value and long-term benefits from their credit card. However, while this card has significant advantages, it also comes with an annual fee of $120, which may not be ideal for budget-conscious individuals.

One of the standout benefits of the AMEX SimplyCash Preferred Card is its comprehensive insurance coverage, which provides added protection for travelers and everyday purchases. Cardholders receive out-of-province emergency medical insurance, rental car theft and damage protection, travel accident insurance, and purchase security coverage. These benefits can save you hundreds or even thousands of dollars in unexpected costs, making the card especially valuable for those who travel frequently.

Additionally, American Express is known for offering exclusive perks, such as Front of the Line presale access to concerts and events, which can be a huge advantage for entertainment lovers. While AMEX is not accepted everywhere in Canada as widely as Visa or Mastercard, it is still accepted at millions of locations, including major retailers, restaurants, and online merchants.

Also Read – How to Apply for TD Cash Back Visa Infinite Credit Card Effortlessly

Before applying for the AMEX SimplyCash Preferred Card, it’s crucial to determine whether you meet the eligibility requirements. American Express requires applicants to be Canadian residents, at least 18 or 19 years old (depending on the province), and have a good credit score (typically 660 or higher).

While AMEX does not specify a minimum income requirement, having a stable source of income and a responsible credit history increases your chances of approval. Checking your credit score before applying is highly recommended, as applying for a credit card results in a hard inquiry, which can impact your credit rating. If your credit score is below the recommended threshold, it may be beneficial to improve your financial health before submitting your application.

The application process for the AMEX SimplyCash Preferred Card is straightforward and can be completed online within minutes. Applicants need to provide personal details, employment and income information, and banking details. After submitting the application, American Express may either approve instantly, request further verification, or decline the application.

If approved, the card is typically delivered within 5-10 business days, after which it needs to be activated before use. Once activated, cardholders can start earning cashback immediately and enjoy additional perks such as AMEX Offers, extended warranty protection, and fraud protection services.

In conclusion, the AMEX SimplyCash Preferred Card is an excellent option for individuals who want a high cashback rate, premium benefits, and a simple rewards system. However, like any financial product, it is important to evaluate whether it aligns with your spending habits and financial goals.

While the annual fee may be a drawback for some, the unlimited cashback, comprehensive insurance coverage, and exclusive AMEX perks make it a valuable credit card for everyday purchases and travel. If you meet the eligibility criteria and plan to use the card frequently, applying for the AMEX SimplyCash Preferred Card could be a smart financial decision.

Why Choose the AMEX SimplyCash Preferred Card?

Before applying for the AMEX SimplyCash Preferred Card, it’s important to understand its key benefits and features.

Key Features of the AMEX SimplyCash Preferred Card:

• High Cashback Rate: Earn 2% unlimited cashback on all purchases, making it one of the best flat-rate cashback cards in Canada.
• Generous Welcome Bonus: Earn up to $400 cashback in the first 10 months (with an additional 4% cashback on eligible purchases, up to $400).
• No Earning Caps: Unlike some cards that limit cashback earnings, the SimplyCash Preferred Card has no maximum earning limits.
• Comprehensive Travel Insurance: Enjoy out-of-province emergency medical coverage, travel accident insurance, and rental car insurance.
• Exclusive AMEX Benefits: Access Front of the Line presale tickets, purchase protection, extended warranty coverage, and AMEX Offers.

Potential Downsides to Consider:

• Annual Fee of $120: While this fee is reasonable considering the high cashback rate, it may not suit low-spending individuals.
• Not Accepted Everywhere: American Express is not as widely accepted as Visa or Mastercard, so some merchants may not take it.

If the benefits outweigh the potential drawbacks for your lifestyle, you can proceed with the application.

Eligibility Requirements for the AMEX SimplyCash Preferred Card

Before applying, you must meet certain eligibility criteria. If you apply without meeting these requirements, your application may be rejected, which could negatively impact your credit score.

Basic Eligibility Criteria:

1. Canadian Residency: You must be a resident of Canada with a valid Canadian mailing address.
2. Minimum Age: You must be at least 18 or 19 years old, depending on your province/territory.
3. Good Credit Score: A credit score of 660 or higher is recommended for approval.
4. Stable Income: While AMEX does not specify a minimum income requirement, a steady job or reliable source of income is essential.
5. No Recent Bankruptcies: If you have bad credit, unpaid loans, or bankruptcies, your application may be denied.

Checking Your Credit Score Before Applying

To avoid rejection, check your credit score using free services like:

• Borrowell
• Credit Karma
• Your Bank’s Credit Report Service

If your score is below 660, consider improving it before applying by paying off debts, making timely bill payments, and reducing credit utilization.

Step-by-Step Guide to Applying for the AMEX SimplyCash Preferred Card

Applying for the AMEX SimplyCash Preferred Card by American Express is a straightforward process that can be completed online in just a few minutes. However, to maximize your chances of approval, it’s essential to understand the eligibility requirements, necessary documents, and application steps before proceeding.

This detailed guide will walk you through each step of the application process, ensuring a smooth and hassle-free experience.

Step 1: Check Your Eligibility

Before applying, you need to make sure you meet the eligibility criteria set by American Express. If you apply without meeting these requirements, your application could be denied, which may negatively impact your credit score.

Eligibility Requirements:

•  Canadian Residency – You must be a resident of Canada with a valid Canadian address.
• Minimum Age – You must be at least 18 years old (or 19 in some provinces).
•  Credit Score – A minimum credit score of 660 is recommended for approval. A higher score improves your chances.
• Stable Income – While AMEX does not specify an income requirement, you should have a steady source of income to cover monthly payments.
• No Recent Bankruptcies – If you have a history of missed payments, high debt, or bankruptcies, your application may be denied.

How to Check Your Credit Score Before Applying

Before submitting your application, it’s a good idea to check your credit score through free services like:

• Borrowell (www.borrowell.com)
• Credit Karma (www.creditkarma.ca)
• Your Bank’s Credit Report Service

If your score is below 660, consider improving it before applying by paying off debts, making timely bill payments, and reducing credit card balances.

Step 2: Gather the Required Information

To complete your application smoothly, have the following information ready:

• Personal Details: Full name (as per government-issued ID), date of birth, phone number, and email address.
• Residential Address: Your current address (and previous address if you have lived at your current location for less than two years).
• Employment Details: Employer’s name, occupation, and how long you’ve worked there.
• Income Information: Your annual income from all sources (employment, self-employment, rental income, etc.).
• Monthly Housing Costs: Rent or mortgage payments.
• Banking Information: Your primary bank account details.

Having these details ready in advance will help you complete the application quickly without interruptions.

Step 3: Visit the Official American Express Website

To apply for the SimplyCash Preferred Card, go to the official AMEX Canada website:

🔗 https://www.americanexpress.com/ca

• On the homepage, navigate to the credit cards section and find the SimplyCash Preferred Card.
• Click on the “Apply Now” button to begin your application.

⚠️ Beware of third-party websites that claim to offer exclusive AMEX deals. Always apply through the official AMEX website to avoid scams.

Step 4: Fill Out the Online Application Form

The application form is divided into several sections. Here’s what you’ll need to do:

• Enter Personal Information
  • Full legal name (as shown on your ID).
  • Date of birth (to confirm eligibility).
  • Phone number and email address (for communication and approval updates).
  • Home address (AMEX will verify this).

• Provide Employment & Financial Information
  • Employment status: Select employed, self-employed, retired, student, or unemployed.
  • Employer’s name & address (if employed).
  • Annual income: Include all sources of income.
  • Monthly housing expenses (rent/mortgage payments).

• Banking & Additional Details

• Primary banking institution (where you hold your main account).
• If you have any existing AMEX cards (not mandatory but can help if you’re an existing customer).
• Optional: Add an authorized user (If you want to share the card benefits with a family member).

Step 5: Review the Terms & Conditions

Before submitting your application, carefully read the terms and conditions. Key details include:

•  Annual Fee: $120 per year.
• Interest Rate: 19.99% for purchases, 21.99% for cash advances.
• Cashback Structure: Earn 2% unlimited cashback on all purchases.
• Welcome Bonus: Extra 4% cashback for the first 10 months (up to $400).
• If you agree with the terms, check the confirmation box and proceed to submit your application.

Step 6: Submit Your Application & Wait for Approval

Once you have completed the form, click the “Submit” button.

Possible Outcomes After Submitting Your Application:

• Instant Approval: If you meet all requirements, AMEX may approve you immediately, and your card will be mailed within 5-10 business days.
• Further Review Required: If additional verification is needed, AMEX may contact you for proof of income or other documents. This process can take a few days to a week.
• Application Denied: If you are rejected, AMEX will send a letter explaining why. Common reasons include low credit score, insufficient income, or errors in the application.

Step 7: Receive & Activate Your AMEX SimplyCash Preferred Card

If approved, you will receive your SimplyCash Preferred Card by mail within 5-10 business days. Once you receive it, you must activate it before use.

How to Activate Your Card:

• Online: Log into your American Express account and follow the activation steps.
• Phone: Call the activation number provided with your card.
• Mobile App: Download the AMEX app and activate your card through the app.

After activation, your card is ready to use, and you can start earning cashback immediately!

Step 8: Maximize Your Cashback & Benefits

Now that your card is active, here are some tips to get the most out of it:

• Use It for All Purchases – Earn 2% cashback on everything you buy.
• Pay Your Balance in Full – Avoid interest charges by paying your statement on time.
• Take Advantage of AMEX Offers – Get exclusive cashback deals and discounts.
• Use It for Travel – Enjoy travel insurance and rental car coverage.
• Refer Friends for Extra Rewards – AMEX offers referral bonuses when you invite friends to apply.

Receiving & Activating Your Card

If approved, your SimplyCash Preferred Card will arrive within 5-10 business days. Once received, you must activate it before use.

How to Activate Your AMEX SimplyCash Preferred Card:

• Call the Activation Number (found on the sticker on your card)
• Activate Online via the AMEX Website
• Use the AMEX Mobile App to Activate

Once activated, your card is ready to use for purchases and cashback rewards.

Tips to Maximize Cashback & Rewards

Now that you have your AMEX SimplyCash Preferred Card, here’s how to make the most of it:

• Use It for Everyday Purchases – Earn 2% cashback on all purchases.
• Pay Off Your Balance in Full – Avoid interest charges by paying your bill on time.
• Take Advantage of AMEX Offers – Get exclusive cashback deals and discounts.
• Use It for Travel Purchases – Benefit from travel insurance and rental car coverage.
• Refer Friends to Earn Bonus Cashback – AMEX offers referral bonuses for inviting friends to apply.

Final Thoughts: How to Apply for the AMEX SimplyCash Preferred Card by American Express

The AMEX SimplyCash Preferred Card is a fantastic cashback credit card for Canadians looking for high rewards on everyday spending. With 2% unlimited cashback, premium insurance coverage, and exclusive AMEX perks, it’s one of the best flat-rate cashback cards available.

Who Should Apply?

• ✔️ Frequent shoppers who want simple cashback without earning caps
• ✔️ Individuals who pay off their balance in full each month
• ✔️ Those who benefit from AMEX perks like travel insurance and event access

Who Should Avoid It?

• ❌ Those who don’t want to pay the $120 annual fee
• ❌ People who primarily shop at merchants that don’t accept AMEX

By following this guide, you can apply for the AMEX SimplyCash Preferred Card effortlessly and maximize your cashback earnings!

Read More – How to Apply for Amazon.ca Rewards Mastercard & Maximize Benefits