SimplyCash™ Preferred Card from American Express

• New SimplyCash™ Preferred Card from American Express Cardmembers can earn 5% cash back on all eligible purchases (up to $300 cash back) for the first 6 months of Cardmembership
• Earn 2.0% cash back when your Welcome Rate ends 
• No limit to the amount of cash back you can earn after your Welcome Rate ends
• Access to memorable experiences with American Express Invites®
• Extensive insurance coverage and 24/7 Customer Service

Within the first six months, this American Express® cashback credit card offers you a generous rate of five percent cash back on everything you buy with the card. That means you can make $300 in half a year, which is a useful amount to have in your wallet. Once the welcome rate ends, you get two percent cash back on all purchases. To make it more appealing, there's no limit on how much cash back you can earn. Plus, you can receive a bonus of $150 cash back when you refer someone to get the SimplyCash™ Preferred Card.  

The card also possesses some decent perks as you get advanced and reserved ticket access as well as special offers. It also provides you with comprehensive travel and shopping insurance coverage such as out of country or province emergency medical insurance and buyer's assurance protection. The SimplyCash Preferred Card carries a $99 annual fee but allows you to hold on to more of your money along the way.