American Express SimplyCash Preferred Card
- $99 annual fee
- 5% cash-back on purchases for the first 6 months (up to $300)
- 2% cash-back on purchases after the first 6 months (no limit)
- 1.99% interest rate on balance transfers for the first 6 months
- Earn $200 cash back for approved referrals (up to $3,000)
If you prefer to earn cash-back instead of rewards, then the American Express SimplyCash Preferred card will appeal to you. You get 5% cash-back (up to $300) on all purchases for the first 6 months. The card has an annual fee of $99, but once your promotional period ends, you’ll still earn 2% cash-back on all purchases.
Another nice perk about the American Express SimplyCash Preferred card is the optional balance transfer where you’ll only pay 1.99% interest for the first 6 months, which is why it’s one of the best low interest credit cards in Canada.
Other AMEX cards
Here’s a list of all other American Express credit cards in Canada and what they offer.
| Card | Welcome Bonus | Annual fee |
|---|---|---|
| American Express Platinum Card | Up to 150,000 points | $699 |
| American Express Business Platinum Card | Up to 100,000 points | $499 |
| Marriott Bonvoy American Express | Up to 105,000 | $120 |
| American Express Gold Rewards card | Up to 30,000 | $150 |
| American Express Cobalt | Up to 30,000 points | $10 per month |
| SimplyCash Preferred Card | 5% cash-back for 6 months | $99 |
| American Express Business Edge | 30,000 MR-S after $5,000 spend | $99 |
Check the link on how to pay off your balance.