American Express provides the cashback credit card known as Simply Cash. With this card, users can accumulate cash rewards on their transactions that can be redeemed for statement credits. This card is an excellent choice for individuals who don’t want to deal with the complications of a points-based rewards system but still want to earn rewards on their regular purchases.
A payback rate of up to 1.5% is available to Simply Cash cardholders on all purchases. This implies that cardholders will receive a proportion of cash back for each dollar spent. The precise purchase category will determine how much cash back is earned. For instance, transactions made at petrol stations, restaurants, and office supply stores can result in greater payback rates for cardholders.
The cash back that cardholders have accrued on their purchases can then be redeemed for statement credits. This indicates that the cash rewards will be used to pay the cardholder’s amount in full. This may assist in lowering the total balance owing on the card.
Even though the American Express credit card is frequently accepted in Canada, certain businesses do not. American Express charges merchants a greater processing fee than other credit card companies, which explains why. Some businesses could decide not to accept American Express in order to save money.
Numerous online lenders provide consumers with instant loans. The application process for these lenders is frequently quick and simple, and it can be finished fully online. The fundamental financial and personal details of borrowers, including as their income, job situation, and credit score, will need to be provided. After receiving the application, the lender will examine the data and decide whether to grant the loan after reviewing it. Can Amex cash back be converted to points?
As long as the Simply Cash card account is active and in good standing, the cash back rewards are not subject to expiration. Cash back can be accumulated over time by cardholders and redeemed at any time for statement credits.