Part 1: SimplyCash® Card Cash Back Value per Canadian Dollar
- All Purchases: 1 Cash Back Dollar = $ 1 CAD when applied as a statement credit or used for other purchases.
Part 2: SimplyCash® Card Cash Back Value per 100 Canadian Dollars
- All Purchases: 100 Cash Back Dollars = $ 100 CAD
Part 3: Summary for Best Value
To maximize the value from the SimplyCash® Card from American Express:
- Redeem as Statement Credits: Cash back is automatically applied as a statement credit once a year. This gives you the most straightforward value, where every cash back dollar earned is worth a dollar off your balance.
- Spend in Bonus Categories: Concentrate your spending in categories where the card offers higher cash back rates to maximize your earnings.
- Refer Friends: Take advantage of the referral program to earn additional cash back for each friend who gets approved for the card.
- No Annual Fee: Because there's no fee, every cash back dollar you earn is pure savings, making the card ideal for consistent spenders.
Part 4: SimplyCash® Card Cash Back Earned per $ 1000 Spending by Category
- Gas and Grocery Purchases: 20 Cash Back Dollars per $ 1,000 spent (up to $ 300 cash back annually).
- All Other Purchases: 12.5 Cash Back Dollars per $ 1,000 spent (1.25% cash back with no limit on how much you can earn).
NOTE : The value conversions may not be up to date. Please calculate your own conversion to Canadian dollars to ensure accuracy.