Home › Cards › Canada › SimplyCash Preferred Card
SimplyCash Preferred Card
CANADA CREDIT CARD

SimplyCash Preferred Card

American Express Canada · Annual fee CA$120 CAD · Cash · data refreshed October 3, 2026

Quick answer: The SimplyCash Preferred Card carries a CA$120 annual fee and 9 catalogued benefits; its best earning category is Gas at 4x. MaxWorth is the only benefits tracker with hand-verified Canadian card data, and it never asks for a bank login.

Earning rates

CategoryRateTrue cash-back value
Gas4x4%
Groceries4x4%
Everything else2x2%

True cash-back value = rate × MaxWorth's valuation of the card's points currency; see the methodology.

Protections (9)

Travel Emergency Medical Insurance

CA$75/yr
Annual

Out-of-province/country emergency medical insurance providing up to $5,000,000 in coverage for the first 15 consecutive days of any trip, for cardholders under age 65. Coverage includes emergency medical treatment, hospitalization, and emergency evacuation.

Rental Car Insurance

CA$75/yr
Annual

Rental car collision and loss damage insurance for vehicles with an MSRP of up to $85,000, for rental periods up to 48 consecutive days. Covers damage to or theft of a rental vehicle when the full cost is charged to the card and the rental company's collision damage waiver is declined.

Mobile Device Insurance

CA$50/yr
Annual

Mobile device insurance covering theft, loss, or accidental damage for devices purchased with the card, up to $1,000 per claim. Coverage applies for up to 2 years from the date of purchase. Subject to terms and conditions of the master policy.

Flight Delay Insurance

CA$25/yr
Annual

Flight delay insurance providing up to $500 total coverage for reasonable purchases within 48 hours when delayed or denied boarding for 4 or more hours, when the fare is charged to the card.

Baggage Insurance

CA$25/yr
Annual

Baggage insurance providing up to $500 total coverage for essential purchases within four days of arrival when baggage is delayed for 6 or more hours, or up to $500 total coverage for all insured persons for lost or stolen baggage during a trip where the common carrier fare was charged to the card.

Purchase Protection

CA$25/yr
Annual

Purchase protection covering eligible items purchased with the card against accidental physical damage or theft for up to 90 days from the date of purchase, up to $1,000 per occurrence.

Extended Warranty

CA$25/yr
Annual

Extended warranty coverage that extends the original manufacturer's warranty period by up to one additional year. Coverage up to $10,000 per item annually. Items must be purchased entirely with the card.

Hotel Burglary Insurance

CA$10/yr
Annual

Hotel/motel burglary insurance providing up to $500 total coverage for stolen items (excluding cash) due to burglary from a hotel or motel room during a trip where the common carrier fare was charged to the card.

Travel Accident Insurance

CA$5/yr
Annual

Travel accident insurance providing up to $100,000 in accidental death and dismemberment coverage when the full fare for a common carrier (airline, train, bus, ship) is charged to the card.

How to track it

Add the SimplyCash Preferred Card to MaxWorth and every credit above appears with its cycle set; you get a push before each one expires and the card's annual-fee ROI runs from what you mark used. No Canadian bank account is ever connected. What MaxWorth covers for Canadian cards.

Other American Express Canada cards

Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; amounts in CAD. Methodology.