Independent ClearFin review · American Express
Full earn rates, fees and benefits for the Amex SimplyCash Preferred.
Offers can change without notice
Certificate terms apply
⛽ Gas CashbackA straightforward cash-back card with strong gas and grocery earning, a 2% base rate, and unusually broad insurance for its price. The monthly fee makes the most sense for meaningful annual spend. Its strongest published earn rate in our data is 4.0% on groceries. The $119.88 annual fee should be weighed against the rewards and benefits you expect to use.
Checked 2026-08-09 · Product page and insurance certificateIssuer promotions change frequently. Check the card's official page before applying.
Confirm final approval criteria and current rates directly with the issuer.
Applicants typically have the strongest approval odds with a good to excellent credit profile.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. This is an estimated approval range based on industry data and cardholder reports. American Express does not publish a minimum credit score requirement, and approval decisions consider additional factors such as income, credit history, existing debt, and payment history.
Earning capEligible grocery purchases in Canada earn 4% cash back until $1,200 in annual grocery cash back has been earned.
Earning capEligible gas station purchases in Canada earn 4% cash back.
Earning capAll other eligible purchases earn 2% cash back.
Redemption values and availability may vary by option and can change.
Cash back is posted as a credit to the card account annually, on the September statement.
Consider these extras by the value they add to purchases and experiences you already use.
No-fee supplementary cards
Add up to nine supplementary cards with no annual fee, subject to age and account requirements.
Amex Offers and Experiences
Eligible cardmembers can register for targeted offers and access selected presales and reserved tickets.
7 coverages listed. Key terms are summarized below; full certificate terms apply.
Up to $1,000 for an eligible device, for up to two years from purchase.
Up to $5 million for eligible emergency medical expenses during the first 15 consecutive days of travel for insured persons under age 65.
Up to $500 combined after the applicable four-hour flight or six-hour baggage delay.
Up to $500 for eligible baggage loss and up to $500 for eligible hotel burglary loss.
Eligible vehicles up to $85,000 MSRP for rentals of 48 days or fewer.
Up to $100,000 for an eligible common-carrier accident.
Up to $1,000 per eligible purchase-protection occurrence and up to one additional warranty year.
Coverage is subject to eligibility, exclusions, limits, payment requirements, and claim rules in the insurance certificate.
Review official insurance details ↗What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
A straightforward cash-back card with strong gas and grocery earning, a 2% base rate, and unusually broad insurance for its price. The monthly fee makes the most sense for meaningful annual spend.
Groceries, Gas receive the strongest estimated return at 4.0%. Purchases outside the accelerated categories earn an estimated 2.0%.
Using the strongest estimated category return alone, roughly $3,000 in annual spending at that rate would equal the $119.88 fee before considering the value of insurance, partner benefits, or a welcome offer.
This card is most relevant for someone who spends consistently on groceries and gas and can use enough of the included value to justify the yearly cost.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. Card terms and the linked insurance certificate were checked against official issuer material.
