Wednesday, October 5, 2016

AmEx SimplyCash Preferred First Year Free?! - YMMV

AmEx SimplyCash Preferred Card Review:
  • Annual fee $79 (Free Supplementary Card)
  • 5% cash back on all purchases in the first 6 months up to a maximum of $400 cash back. 
  • Once the Welcome Rate ends, earn 1.5% cash back on purchases up to $100,000 each year. After that, earn a great rate of 1.25% cash back
  • Car Rental Theft and Damage Insurance
  • Emergency Medical Insurance (Out of Province/Country)
  • Lost or Stolen Baggage Insurance
  • Flight Delay Insurance
  • Baggage Delay Insurance

In Sept 2016, I applied this card through a referral link. Once I received the card, I was surprised by the manual, which shows the $79 annual fee is waived for the 1st year (FYF). I am pretty sure that I did not see anything about FYF during my application.

I told this to a few friends of mine. One of them tested it and yesterday he told me that he received the FYF too with this card.

As you know, if you apply the AmEx SimplyCash Card through a referral link, you will get an extra $50 bonus from AmEx. So, we assume this FYF of preferred version card may come with the referral link as well.

If you are interested, you can try it yourself and tell us the results (YMMV). From my point of view, the $400 cash back alone is worth it, even you don't get the FYF.

BTW, if you need a referral link to apply AmEx SimplyCash Preferred Card, please don't hesitate to contact us: Thanks.

【updated on 10/21/2016】AmEx did charged the $79 annual on the 1st statement. Called AmEx, and they admitted this is their internal mistake. AmEx asked for the copy of the manual (faxed). Let's wait and see what happens.