American Express SimplyCash Preferred Card Review

As you may know, I write a great deal about charge cards. I usually focus on bonus points but one card that has caught my attention as of late is the SimplyCash Preferred Card from American Express.. The characteristics from the card have altered within the this past year, but my American Express SimplyCash Preferred card review continues to be positive.

Why is this card appealing is always that you are able to balance transfer for a price of just 1.99% for six months and make use of the5% cash-back(as much as $3000) on purchases within the first 6 months. It is a wonderful features if you are searching to lessen debt or increase your rewards.

SimplyCash Preferred benefits

  • $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)
  • Extensive insurance coverage

The 5% cashback is among the greatest amounts you are able to earn from the charge card. Yes, it can last for just 6 months, but all that you should spend is $3,000 to earn the utmost reward. that seems like a great deal, however if you simply know you’ve got a major purchase approaching, you are able to increase your earnings. The TwoPercent cash back on all purchases after 6 months can also be appealing if you are using your credit card regularly.

You need to clearly always repay your full credit card balance each month. The total amount transfer rate of interest of just 1.99% is among the best rates available. 1.99% is considerably less than the typical credit card rate of interest of 19.99%, so make the most of it and pay lower any outstanding financial obligations you will probably have.

The American Express SimplyCash Preferred card is among the best American Express charge cards in Canada and among thebest cash return charge cards in Canada,which is quite impressive.

Insurance Coverage

Another major advantage of the SimplyCash Preferred Card from American Expressmay be the incorporated travel and vehicle rental insurance. This can be a pretty comprehensive package and would normally give you back greater than $100 per trip. Which means the $99 annual fee that you simply spend the money for card will get washed from your insurance as lengthy while you travel at least one time annually. Here’s look of the insurance which comes incorporated:

  • Car Rental Theft and Damage Insurance
  • $100,000 Travel Accident Insurance
  • Emergency Medical Insurance
  • Lost or Stolen Baggage Insurance
  • Flight Delay Insurance
  • Hotel / Motel Burglary Insurance

The insurance coverage will work for as much as 15 times of travel and also you must charge your tickets for your SimplyCash Preferred Card to become qualified.

Final word

My American Express SimplyCash Preferred card review is positive. The SimplyCash Preferred Card from American Express offers incredible benefits that fit a number of consumers. The 5% cash-back for that first 6 several weeks is among the greatest rates available as the 1.99% rate of interest for balance transfer promotions can help you lower your debt. You might think about the?SPG American stock exchange Canada card?or even the?American Express Platinum card?if you like something which provides more points.

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