BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash backno fee
SimplyCash® Card from American Express® review
3.9Rated by the CreditCardGuru Editorial Team
One of Canada's strongest no-fee cash back cards thanks to the 1.25% floor and 2% on gas and groceries. Just mind the grocery cap and Amex acceptance.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$100
- Foreign tx fee
- 2.5%
- Network
- AMEX
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries2% up to $300 cash back per year (about $15,000 in spend), then 1.25% | 2% |
| Gas | 2% |
| Everything else | 1.25% |
Welcome offer: 5% bonus cash back on all purchases for the first 3 months (up to $100) (Applies to your first $2,000 in purchases in the first 3 months).
Pros & cons
Pros
- 1.25% everywhere is among the best no-fee base rates in Canada
- Simple, automatic cash back with no categories to activate
Cons
- Grocery cash back capped at $300 per year
- Minimal insurance and Amex acceptance gaps at some merchants
Perks & insurance
Key perks
- 2% cash back at Canadian gas stations and grocery stores with no annual fee
- Strong 1.25% base rate on everything else
- Free additional cards
- Amex Experiences and Amex Offers access
Insurance
- Travel accident insurance $100,000
- Purchase protection (90 days)
- Extended warranty (+1 year)
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 21.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
C
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“SimplyCash® Card from American Express® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/amex-simplycash, updated June 7, 2026.