American Express · Rewards Calculator
SimplyCash Preferred Card from American ExpressRewards Calculator
| Category | Earn Rate |
|---|---|
| Eligible gas and grocery purchases in Canada at stand-alone gasoline stations and stand-alone grocery stores (up to $30,000 annually) | 4% cash back |
| Eligible gas and grocery purchases in Canada at stand-alone gasoline stations and stand-alone grocery stores after $30,000 annual cap | 2% cash back |
| All other eligible purchases | 2% cash back |
Enter Your Monthly Spending
We'll calculate your cash back earnings by category
Supermarkets & grocery stores
Restaurants, takeout, food delivery
Gas stations & EV charging
Public transit, Uber, taxis
Flights, hotels, car rentals
Netflix, Spotify, digital subs
Phone, internet, utilities
Pharmacies & drugstores
Movies, events, concerts
Everything else
Enter your monthly spending above
Fill in how much you spend in each category to see a detailed breakdown of your cash back earnings with the SimplyCash Preferred Card from American Express.
Or try a quick-fill preset to get started
Ready to apply for the SimplyCash Preferred Card from American Express?
Read our full review for detailed information on benefits, insurance coverage, and how to maximize your cash back.
Welcome Bonus
Bonus
10% cash back welcome bonus (up to $200)
~$200 estimated value
How to Earn It
10% cash back on up to $2,000 in purchases (up to $200)
Spend $2,000 first 3 months
Card Details
- Annual Fee
- $119.88/yr
- Network
- Amex
- Rewards Program
- Cashback
- Purchase Interest Rate
- 21.99%
- Cash Advance Rate
- 21.99%
- Foreign Transaction Fee
- 2.5%
- Lounge Access
- No
How to Use the SimplyCash Preferred Card from American Express Rewards Calculator
This calculator helps you estimate how many cash back you can earn each month and year based on your real spending habits. Enter your average monthly spending in each category above — groceries, dining, gas, transit, travel, streaming, and more — and the calculator will automatically apply the SimplyCash Preferred Card from American Express's earn rates to show you a complete breakdown.
Understanding SimplyCash Preferred Card from American Express Earn Rates
The SimplyCash Preferred Card from American Express earns cash back at different rates depending on the spending category. Here's how the card's tiered earn structure works:
- Eligible gas and grocery purchases in Canada at stand-alone gasoline stations and stand-alone grocery stores (up to $30,000 annually): 4% cash back
- Eligible gas and grocery purchases in Canada at stand-alone gasoline stations and stand-alone grocery stores after $30,000 annual cap: 2% cash back
- All other eligible purchases: 2% cash back
By focusing your spending on the highest-earning categories, you can maximise the value you get from the SimplyCash Preferred Card from American Express. Use the presets above to quickly model different spending profiles and see how your rewards change.
Maximising the Value of Your cash back
The true value of your cash back depends on how you redeem them. As part of the Cashback program, you have several redemption options available — from travel bookings to transfer partners. Use the point valuation slider in the calculator to see how different redemption strategies affect the dollar value of your earnings.
Is the $119.88 Annual Fee Worth It?
The SimplyCash Preferred Card from American Express carries an annual fee of $119.88. Use this calculator to see whether the value of your earned rewards exceeds the fee. The "Net Value" card in the results shows your estimated rewards value minus the annual fee — if it's positive, you're coming out ahead.