• New SimplyCashTM 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 
• Optional Balance Transfer Offer – Enjoy a 1.99% interest in first 6 months  of Cardmembership if you choose to transfer your other credit card balances to this American Express card 
• Balance Transfer option is only available at time of online application. There is no balance transfer fee at time of application
• 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. If you do your share of balance transfers, there are optional balance transfers, offering you a 1.99% balance transfer rate for the first six months. The SimplyCash Preferred Card carries a $99 annual fee but allows you to hold on to more of your money along the way.