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American Express Canada Rolls Out New Cash Back Rate on SimplyCash™ Preferred Credit Card

Cardmembers can earn more cash back than ever before, with no limit on their earning potential

TORONTO, April 12, 2017 /CNW/ - American Express Canada today introduces its refreshed SimplyCash™ Preferred Credit Card into the Canadian market, enabling Cardmembers to earn more cash back than ever before. Whether it's making an everyday purchase or buying a big-ticket item, Cardmembers who carry the SimplyCash Preferred Credit Card from American Express can now earn 2% cash back on any purchase, any day.

"In an environment where consumers have considerable choice and demand rich rewards, we've upped the ante on cash back rewards to offer best-in-class value to our Cardmembers," said Aileen Kheraj, Vice President, Lending & Member Engagement, American Express Canada. "By refreshing our SimplyCash Preferred Credit Card, we're opening the door to endless value and opportunity for our Cardmembers with no limit on their earning potential."

With the SimplyCash Preferred Credit Card, Cardmembers are able to earn more cash back on their purchases. The refreshed Card continues to offer an introductory cash back rate of 5% for the first six months (now capped at $300), with an annual fee of $99 (current Cardmembers will continue to pay an annual fee of $79). On top of this, the Card still offers an array of benefits that Cardmembers can take advantage of, including:  

  • No limit to the amount of cash back you can earn at 2%
  • Entertainment Access through American Express Invites
  • Emergency Medical Insurance
  • Travel Accident Insurance
  • Car Rental Theft & Damage Insurance
  • Award-winning service that is available 24/7

In addition to the SimplyCash Preferred Credit Card, American Express will continue to offer its no-fee SimplyCash Card which enables Cardmembers to earn 5% cash back on all eligible purchases at gas stations, grocery stores and restaurants in Canada (up to $250 cash back) for the first 6 months of Cardmembership. They can earn 1.25% cash back on all other purchases when their Welcome Rate ends.

To learn more about the American Express SimplyCash Preferred Credit Card, please visit  

About American Express Canada

American Express in Canada operates as Amex Bank of Canada and Amex Canada Inc. Both are wholly owned subsidiaries of the New York based American Express Travel Related Services Company, Inc., the largest operating unit of the American Express Company. Amex Bank of Canada is the issuer of American Express charge and credit cards, with outstanding products like The SimplyCash™ Card from American Express®, The American Express® Gold Rewards Card, and the American Express® AIR MILES®* Credit Card. American Express opened its first offices in Toronto and Hamilton in 1853. For more information, visit or connect with us at and

SOURCE American Express Canada

For further information: Rebecca Feigelsohn, North Strategic,, 647-300-6658

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