Amex releases great Cash back credit cards!
As reported by Patrick at Rewards Canada, Amex has released 2 new credit cards offering cash back rather than travel rewards.
As usual these are great options for those of you that would rather get cash back on your purchases, rather than travel points.
1. The SimplyCash Preferred Card – welcome rate of 5% cash back on all purchases in the first 6 months (up to $400 cash back), 1.5% cash back on purchases up to $100k when welcome rate ends (1.25% over 100k), $79 annual fee and their usual great insurance coverage.
2. The SimplyCash Card – welcome rate of 5% cash back on all eligible purchases in Canada at gas, grocery and restaurants in the first 6 months (up to $250 cash back), 1.25% cash back on all other purchases when welcome rate ends, no annual fee, and the great insurance coverage.
You can find their link for cards here.
The first card seems to make more sense with the possibility of getting $400 cash back after spending $8000 on it in 6 months less the fee of only $79 which leaves you up $321!
The second card would leave you up $250 which is also pretty nice.
So, if cash back is your thing consider one of these cards!