AMEX Simply Cash Preferred

The SimplyCash® Preferred Card from American Express offers robust cashback rewards, making it ideal for those who frequently spend on gas and groceries. Cardholders can enjoy 4% cash back on eligible gas and grocery purchases, and 2% cash back on all other purchases.

Welcome Offer

Earn up to $400 in statement credits in your first 10 months by spending $750 monthly.

Summary

• Monthly Fee: $9.99
• APR: 21.99% for purchases and cash advances

Rewards

• 4% Cash Back on gas and groceries
• 2% Cash Back on other purchases

Benefits

• Referral bonuses
• Exclusive access to events with American Express Experiences
• Mobile Device Insurance

Insurance

• Emergency medical coverage
• Flight and baggage delay coverage
• Car rental theft and damage insurance
• Travel accident insurance

SimplyCash® Preferred Card from American Express Review

The SimplyCash® Preferred Card from American Express is a top-tier cashback credit card designed to reward everyday spending, particularly for those who frequently purchase gas and groceries. With its robust rewards program, reasonable monthly fee, and comprehensive insurance coverage, this card is a strong contender for anyone looking to maximize their cashback earnings.

Welcome Offer

• Earn up to $400 in statement credits: New cardholders can earn up to $400 in statement credits within the first 10 months by spending $750 each month. This welcome offer provides a significant boost to your cashback potential right from the start.

Key Details

• Monthly Fee: $9.99
• APR: 21.99% for both purchases and cash advances

Rewards Program

• 4% Cash Back: Earn 4% cash back on eligible gas and grocery purchases. This makes it an excellent card for individuals or families who have high spending in these categories.
• 2% Cash Back: Receive 2% cash back on all other purchases, providing a solid return on everyday spending outside of gas and groceries.

Benefits

• Referral Bonuses: Earn bonuses for referring friends and family to the card.
• American Express Experiences: Gain exclusive access to events and special offers through the American Express Experiences program.
• Mobile Device Insurance: Protect your mobile devices against damage and theft.

Insurance Coverage

• Emergency Medical Coverage: Coverage for emergency medical expenses when traveling.
• Flight and Baggage Delay Coverage: Reimbursement for expenses due to flight delays and baggage delays.
• Car Rental Theft and Damage Insurance: Coverage for theft and damage when renting a car.
• Travel Accident Insurance: Insurance coverage for accidents that occur while traveling.

Final Verdict

The SimplyCash® Preferred Card from American Express stands out for its high cashback rates on gas and grocery purchases, making it ideal for those who spend heavily in these categories. The welcome offer is generous, and the monthly fee is reasonable given the extensive benefits and insurance coverage provided. The APR is relatively standard, but it’s always wise to pay off balances monthly to avoid interest charges.

Best For:

• Individuals or families with high spending on gas and groceries.
• Those looking for a robust cashback card with comprehensive travel insurance.
• Users who appreciate additional perks like mobile device insurance and exclusive event access.

If maximizing cashback on everyday spending is your goal, the SimplyCash® Preferred Card is a strong choice worth considering.

View other cash back credit cards.

View other AMEX credit cards.