Credit Cards

Amex - The SimplyCash Card

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  • Oct 7th, 2020 12:28 am
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Jan 4, 2009
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brunes wrote: The only store I know of that takes MC but doesn't take visa is NoFrills.
YMMV. The noFrills that I frequent take both MC and VS
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Apr 23, 2014
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I will stick with my Capital One Aspire. Don't see a true benefit with Amex especially with the one where you have to pay $80 bucks plus 5% is only for the first 6 months.
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Apr 10, 2003
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I think people will more likely to recommend this card to friends/family if they offer referral bonus like other AMEX card. We did point this out to the AMEX rep at the launch event, and I hope they will consider this idea in the future.
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I had a similar card when I lived in US back in 2000, even same card design color etc. can't remember the bonus and card features I think it was 2% on everything no fees.
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Jan 21, 2014
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Does gas purchase at Costco also qualify for 5% in the first 6 months? If you are executive member of Costco, does it mean you get 5% from Amex, 2% from Costco and $0.05 off ? it's like triple dipping?
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Feb 29, 2008
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Sauerkraut wrote: YMMV. The noFrills that I frequent take both MC and VS
Why would anyone take only MC? MC has a higher interchange fee than visa.
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Mar 24, 2008
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mr_raider wrote: Why would anyone take only MC? MC has a higher interchange fee than visa.
The grocery stores in question have their own brand of mastercard and most likely get preferential rates on transactions i.e. they don't pay the same interchange rates as other merchants.
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Dec 30, 2006
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mkl38s wrote: Does gas purchase at Costco also qualify for 5% in the first 6 months? If you are executive member of Costco, does it mean you get 5% from Amex, 2% from Costco and $0.05 off ? it's like triple dipping?
No it would not qualify for the no fee card as the gas station would have to be a stand alone gas station.
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May 30, 2005
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D-Roc wrote: No it would not qualify for the no fee card as the gas station would have to be a stand alone gas station.
I take it that means the Costco gas station's use the same merchant code as the retailer? Bummer.
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Jon Lai wrote: I take it that means the Costco gas station's use the same merchant code as the retailer? Bummer.
I use my Scotia Amex at Costco gas stations and have always gotten 4% cashback (as a gas station). I can't imagine it being different with this card because they are both Amex.
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Aug 29, 2012
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I applied to the RemiseSimple card with no annual fees and was conditionally approved supposing a verification of my data. This is the same thing as when I applied for my Amex Gold Rewards earlier this year, I'm almost 100 % sure this is because I was among the victims of the People's Trust breach. This is just a small formality.

I thought I had applied to way too many credit cards this year, but then I realized nearly all of them triggered Equifax hits, and Amex uses Transunion. I tried my luck and it worked.

When I get my TrueEarnings cheque I will ask to transfer the limit of the TrueEarnings to the RemiseSimple/Simplycash, and then cancel the TrueEarnings.

I don't care about applying to many cards a year these times around because I know I will never get a mortgage or car loan for at least five years, and as such it's better if the applications were made early and the cards have a older, longer, and more solid history.
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mr_raider wrote: Why would anyone take only MC? MC has a higher interchange fee than visa.
if you mostly deal in less than $10 transactions, mc is cheaper than visa as paypass only costs the merchant five to seven cents per transaction.
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bluebellrose wrote: if you mostly deal in less than $10 transactions, mc is cheaper than visa as paypass only costs the merchant five to seven cents per transaction.
Visa has paywave.
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Feb 11, 2012
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Poutinesauce wrote: I applied to the RemiseSimple card with no annual fees and was conditionally approved supposing a verification of my data. This is the same thing as when I applied for my Amex Gold Rewards earlier this year, I'm almost 100 % sure this is because I was among the victims of the People's Trust breach. This is just a small formality.

I thought I had applied to way too many credit cards this year, but then I realized nearly all of them triggered Equifax hits, and Amex uses Transunion. I tried my luck and it worked.

When I get my TrueEarnings cheque I will ask to transfer the limit of the TrueEarnings to the RemiseSimple/Simplycash, and then cancel the TrueEarnings.

I don't care about applying to many cards a year these times around because I know I will never get a mortgage or car loan for at least five years, and as such it's better if the applications were made early and the cards have a older, longer, and more solid history.
You can apply for SimplyCash card without a hard credit inquiry, talked to AMEX rep to convert my blue sky and he said if I have True Earnings card their credit department will review my file as a current customer and without checking my credit report issue a new card.
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mark121 wrote: You can apply for SimplyCash card without a hard credit inquiry, talked to AMEX rep to convert my blue sky and he said if I have True Earnings card their credit department will review my file as a current customer and without checking my credit report issue a new card.
When I asked a rep some 2-3 days ago they said they didn't have information as to whether they could do that yet, so I decided to just go ahead with it. I don't really care at this point... I have many cards now, I see that removing the TrueEarnings reduces my average age of accounts by not even 2 months.

Nice for bizee-bee and those who wondered about it though.

Now to buy tons of gift cards with it to exploit this. When I had the Scotia Amex Gold I bought gift cards at Couche-Tard (Mac's in Ontario), they are the best to do this with since they mostly will just process your purchases without fuss, and I live right in front of one.

When I went to Petro-Canada they said they had to do a credit check before they would allow me to pay with a credit card for gift cards.

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