Many of us do not want to be bothered by fees when it comes to using our credit cards. Many credit cards today charge their cardholders a lot of money so they barely use them. But the SimplyCash Card from American Express is different.
The SimplyCash Card from American Express gives you great deals and discounts while also offering exclusive rewards, benefits, and perks to cardholders. If you want a credit card that is accepted worldwide without having to deal with tons of charges on your bill, this is the right credit card for you.
Read on to find out how you can apply for your own American Express credit card.
Get to Know the SimplyCash Card from American Express
American Express is a trusted choice for many cardholders around the world. Amex knows what cardholders need from their credit card.
The SimplyCash Card offers a lot of benefits and rewards that you cannot find anywhere else. To start things off, you don’t have to pay any annual fee when you have this card.
Many credit cards out there charge you an annual fee to maintain your account, but with this card you get to save a lot of money every year. You also gain access to exclusive ticket sales and offers for concerts and other events, making it an unforgettable experience.
You get the first dibs on concerts, exclusive performances, fashion, movies, dining, retail, and so much more. This is only exclusive to SimplyCash cardholders and nowhere else.
Rates and Fees
When you have the SimplyCash Card from American Express, you do not have to pay an annual fee. The card comes with an APR of 20.99% on purchases and 21.99% on a cash or funds advance. There will also be an additional $2.75 charge per advance.
Foreign transactions are charged 2.5% per foreign transaction. You won’t be charged a fee if you missed a payment or late payment, but your annual interest rate for purchases will be increased to 24.99% if you have two late payments within 12 months.
If you miss or have three late payments within 12 months it is increased to 26.99%.
Welcome Bonus
There are a lot of things to look forward to with the SimplyCash Card from American Express, including its enticing welcome bonus.
Once you receive your credit card, you can earn a $10 statement credit each month for the first 10 months as a new cardholder. To get this statement credit, use the card to spend at least $300 worth of purchases in a month.
You can either use the statement credit every month or wait to use the entire $100 as a statement credit at once. It’s a great way to save money and earn more perks and rewards by using a credit card to purchase the things that you like.
Insurance Perks from SimplyCash Card from American Express
The SimplyCash Card from American Express also protects your purchases with its purchase insurance benefit. Any items purchased using the card will be insured, up to $1,000 worth, if they are damaged or stolen within 90 days of purchase.
Manufacturers’ warranties on items purchased using the card are also extended up to one year.
Additionally, the card also features travel accident insurance worth up to $100,000.
Earning and Redeeming Cash Back
With the SimplyCash Card from American Express, you can earn as much as 2% cash back on gas purchases within Canada, 2% cash back on grocery purchases, and 1.25% cash back on any other purchases made using the card.
You won’t receive any cashback rewards from transactions like balance transfers and cash advances.
The cashback reward rate of 1.25% is a great earning rate for many cardholders, as there is no limit to the amount of cashback that you can earn with this card.
To redeem, apply your cashback amount as a statement credit once a year in September. Doing so will help you save money.
Referral Incentive You Need to Know
Another great perk that is exclusive to the SimplyCash Card from American Express is the referral incentive of $50 for every new member that you successfully refer to the card, valid up to $750.
This means you can refer as many as 15 people to the card every year. This benefit is subject to change so make sure that you stay updated through their official website.
Eligibility Requirements
Getting the SimplyCash Card from American Express is rather simple.
You must be a resident of Canada and you must be the age of majority in the province or territory where you live.
You must also be able to show credit history. This means that you need to have an income and must have already had some credit beforehand.
There are no minimum income requirements or minimum credit score to present before you can apply. The best way to apply for a card is to have an average credit score to make sure that you are approved.
How to Apply
You can apply for the credit card at the official American Express website, searching for the SimplyCash Card from American Express, and clicking “Apply Now”. Fill out the online credit card application and don’t forget to review all the information before submitting.
It is also best that you review the terms and conditions of the card first to make sure that you understand everything that comes with owning and using the card. If your application is approved, you will be given a credit limit based on your credit score. Your credit limit can range from $500 to $10,000.
You can contact Amex by telephone at 1-866-323-2602. Their main office can be found at 200 Vesey Street in New York City.
Conclusion
With all the perks and benefits brought to you by American Express, it is simply irresistible not to have the SimplyCash Card.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
