No annual fee
Up to 2% Cash Back
Welcome Bonus: Up to $100
About this card
American Express’s SimplyCash® Card is a low-maintenance, no-annual-fee credit card that delivers solid cash back rewards tailored to typical Canadian expenses. You can earn 2% cash back on eligible gas and grocery purchases (the grocery cap is $300/year) and 1.25% cash back on all other eligible spending, with no limit on total earnings. You also get the usual Amex perks—accidental travel insurance, purchase protection, and access to curated events via Amex Experiences—plus a generous welcome bonus
American Express SimplyCash® Card
$155.88
/ per year
American Express
Cobalt® Card
The American Express Cobalt® Card is a choice for Canadians who prioritize earning rewards on everyday spending, particularly in categories like dining, groceries, and streaming services. Its flexible Membership Rewards program and strong earn rates make it especially appealing to those who can maximize its benefits.
High-earning on essentials: 2% cash back on gas and grocery in Canada (grocery cap at $300 annual cash back)
Flat-rate on everything else: 1.25% back with no earning limit Reddit+9American Express+9American Express+9
Welcome bonus: 5% back on all purchases (up to $2,000) in first 3 months—up to $100 bonus.
No annual fee—including for Additional Cards.
Travel & purchase protection: 1.25% back with no earning limit.e, extend.ed warranty, purchase protection creditcardGenius+6American Express+6LowestRates+6
Amex Experiences access: Pre: $100,000 travel accident insurance, extended warranty, purchase protection.
Statement credit once yearly—automatically applied around September.
Annual payout timing: Cash back appears once per year (September), not as monthly credits.
Limited grocery cap: 2% applies up to $300/year; after that, back drops to 1.25%.
Acceptance: Not all merchants (e.g., some Loblaws, Walmart) accept Amex.
Foreign transaction fee: 2.5% on non-Canadian dollar purchases.
Interest rate: 21.99% on purchases and cash advances.
Welcome bonus: Earn 5% cash back on up to $2,000 in purchases in first 3 months (max $100).
Refer‑a‑friend: Earn up to $375 annual referral bonus.
Member extras: Up to $350/year in 20% statement credits on Somm & DINR purchases (until May 1, 2026)
Residency & age: Must be Canadian resident and of legal age.
Credit history: Needs a Canadian credit file; an above-average score (around 725+) recommended.
Income: No information on minimum personal or household income.
In summary: If you’re a Canadian adult with decent credit history, you’re likely eligible.