TORONTO, July 16, 2018 /CNW/ - American Express Canada is thrilled to announce that its SimplyCash™ Preferred Credit Card has been recognized by Rewards Canada as the Top Cash Back Credit Card for the second year in a row. Compared to over 20 cash back cards in the market, the SimplyCash Preferred Credit Card was selected for its 2% cash back earn rate, rich welcome rate offer and strong insurance benefits.
"We are so proud that our SimplyCash Preferred Credit Card has once again topped the charts in Rewards Canada's Top Cash Back Credit Card rankings," said Aileen Kheraj, Vice President, Lending & Member Engagement, American Express Canada." American Express is known for delivering best-in-class products that add value to our Cardmembers' lives, and this win is an excellent proof point of how we're continuing to do just that."
When compared to other cash back cards, the SimplyCash Preferred Credit Card stood out for its breadth of impressive offerings. It continues to offer an introductory cash back rate of 5% for the first six months (up to $300 cash back) and, most notably, offers a strong cash back earn rate of 2% when the welcome rate ends. It has an annual fee of $99. Cardmembers can also take advantage of the Card's additional benefits, some of which include:
- Entertainment access through American Express Invites
- Emergency Medical Insurance
- Travel Accident Insurance
- Car Rental Theft & Damage Insurance
- Customer service available 24/7
The new American Express Cobalt Card was also recognized on Rewards Canada's Top Cash Back Cards list, ranking fifth place. While the Cobalt Card is primarily considered a travel rewards card, the flexibility offered through the Membership Rewards program played a key role in helping it earn a spot on the list. Cobalt Cardmembers can redeem their Membership Rewards points for a statement credit towards purchases charged to the Card at any time through Use Points for Purchases. From gadgets to groceries, or travel to TV subscriptions, Cardmembers can redeem their points against eligible purchases charged to their Card (minimum redemption requirement is 1,000 points).
For more information on the Rewards Canada Top Cash Back Credit Cards rankings for 2018, please visit: http://www.rewardscanada.ca/topcashback2018/
About American Express in Canada
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. American Express was established in Canada in 1853 and offers a variety of consumer and business products. Learn more at americanexpress.ca and connect with us on Facebook, Twitter and YouTube.
SOURCE American Express Canada
For further information: Jennifer Beckstead, American Express Canada, [email protected]