CREDIT CARD COACH
SimplyCash Preferred Card from American Express
If you are looking for a Card with no limit to the amount of cash back you can earn, then the SimplyCash Preferred Card from American Express was made for you. The $99 annual fee can be easily paid, because the first 6 months you get one of the best rates in cash back, 5% on all your purchases (up to $300). When your Welcome Rate ends, you will always earn 2% cashback on everything you buy. With this card, the more you spend, the more you’ll get!
During the online application you have the Balance Transfer option available, which allows you to transfer your other credit card balances to this card with no fees and enjoy a great 1.99% interest rate for the first 6 months. Keep in mind, that for being eligible for this card you have to be a Canadian resident with a credit file.
By finding 15 friends you can win a bonus of $2250 Cash Back every year ($150 for each approved referral), then, you can celebrate with them in any of the entertainment experiences available for you: great music events, theatre productions, film, restaurants, fashion and shopping experiences or just sit and relax in American Express Lounges at Budweiser Stage, Roy Thomson Hall and their bar at Massey Hall. Subscribe to the Front of The Line® E-Updates and receive the news about the most up-to-date event listings directly to your e-mail.
Fully enjoy your vacations, without being worried about any incident during the trip, they offer a $100.000 Travel Accident Insurance and a $85.000 coverage for car rental theft and damage, medical emergency, lost or stolen baggage, hotel burglary, flight delay insurances and a marvelous purchase protection plan.
You also can count on their Relationship Care program, with professionals specially trained to help you anytime, from card replacement to any other question or concern, as unknown charges on your credit card, if it was stolen or if you just lose it and suspect is being used without your permission; they immediately will work on a solution.
In conclusion, if you want an advantage when paying off your balance and want to keep the card once you have repaid your pending amounts, the American Express SimplyCash Preferred card is very suitable. An initial 6 months special rates on balance transfers, a competitive cash back with no limits, plus a bunch of nice perks courtesy of American Express make this card an excellent option.