The SimplyCash™ Preferred Card from American Express is a premium cashback card that has an annual fee of $99. The purchase interest rate is 19.99% and the cash advance rate is 21.99%. However, if the cardholder fails to make a payment on time, a penalty of 23.99% to 26.99% can be imposed. The card brings many benefits and cashback rewards with its annual fee, and it demands no minimum income. The cardholder gets to earn 10% cashback (up to a maximum cashback of $400) on all eligible purchases for the first 6 months. After that, cashback applies at the regular rate of 2% on all eligible purchases.

Once the cardholder registers with American Express Invite, they gain the privilege to buy tickets for different events before they are open to the public. By holding this card, you have access to tickets that are exclusively reserved for American Express members. You may also receive special offers for unique experiences like advanced film screenings. This card also has a comprehensive coverage plan which includes international emergency medical coverage, car rental insurance, travel insurance, purchase protection, and purchase assurance for most of the eligible items. The warranty of the purchased item is doubled. Apart from Chip and PIN methods of payment, you can also tap the card for no-touch payment, or use Apple Pay or Android Pay with your smart gadgets. ‘To know more in detail and the conditions applied click on Apply For This Card’.