SimplyCash Card from American Express

The SimplyCash Card from American Express offers 2% cashback on gas and groceries (up to $300/year) and 0.5% on all other purchases, with no annual fee.

Last checked on June 10, 2026. We may earn a commission when you click through.

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✓ No annual fee ✓ 2% cashback on gas and groceries ✓ Up to $100 sign-up bonus
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SimplyCash Card from American Express

Amex · cashback

Our Verdict

The SimplyCash Card is a solid choice for everyday spenders looking to earn cashback without an annual fee.

What it really costs

Annual fee No annual fee
APR Range 21.99% – 21.99%
Rewards2% gas stations, 2% grocery stores (up to $300/yr), 0.5% everything else 2%
Welcome bonusUp to $100 bonus cash back in first months CA$100

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Who it's for

Ideal for casual spenders who prioritize cashback on groceries and gas without an annual fee.

Watch out

Keep in mind the cashback cap and high APR if you plan to carry a balance.

The good and the not so good

  • No annual fee
  • 2% cashback on gas and groceries
  • Up to $100 sign-up bonus
  • Simple rewards structure
  • No foreign transaction fees
  • 2% cashback capped at $300 annually
  • High APR of 21.99%
  • Low rewards rate outside bonus categories
  • Limited sign-up bonus period
  • Not ideal for heavy spenders

In-Depth Review

This card is appealing due to its straightforward cashback structure. With **2% on gas and groceries**, it suits everyday expenses well. However, the **$300 annual cap** on these rewards may frustrate heavy users. The **0.5% on other purchases** is significantly lower, making it less appealing for varied spending. The **APR of 21.99%** is on the higher side, which can impact those who occasionally carry a balance. For comparison, cards like the **Tangerine Money-Back Credit Card** offer greater flexibility in cashback categories without a high APR. Customer service from American Express is generally well-reviewed, providing users with support when needed. The sign-up bonus of **up to $100** is generous, though it's limited to the first few months, adding urgency for new cardholders. Overall, this card works best for those who are disciplined in their spending habits and want to maximize cashback on essential purchases.

Summary

The SimplyCash Card from American Express is a practical option for earning cashback on essential purchases, but its limitations may not suit everyone.

What cardholders say

Cardholders appreciate the cashback on everyday purchases but express concerns about the cap on rewards.

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