Cardless Simon American Express Credit Card Coming Soon

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• Simon Property Group owns hundreds of malls and shopping outlets around the world.
• Fintech company Cardless has partnered with Simon to create a high-yielding cash-back credit card.
• Cardless and Simon have yet to reveal all the details about the card.
• Read Insider’s guide to the best cash back credit cards.

Some of your favorite shopping malls and outlet centers may be owned by Simon Property Group. The company has nearly 200 such locations across the United States.

That’s why the news that Simon and co-branded American Express credit cards, issued by technology company Cardless, is very exciting for mall junkies (and many others). Cardless Simon® American Express® Credit Cards Earn Up To 5% Cash Back. It also comes with his much-loved Amex perks, including Amex Offers**, which give you statement credit and bonus rewards on your daily purchases. The card also comes with a welcome bonus of $150 in statement credit after spending $1,000 in his first 90 days of account opening.

Here’s what you need to know about Cardless’ new Simon® American Express® credit card.

Here we focus on the rewards and perks that come with each card. These cards are worthless if you are paying interest or late fees. When using a credit card, it is important to pay the balance in full each month, make payments on time, and only spend what you can afford.

Cardless Simon American Express Credit Card: Up to 5% back

Cardless is a financial technology company that currently offers credit cards to brands such as the Boston Celtics, Cleveland Cavaliers and LATAM Airlines.

One of the great benefits of going cardless is that you can open the card on your smartphone and receive it in your mobile wallet instantly after approval. With cardless, a physical card is sent to you later, but you can start paying as soon as you open it.

Cardless partnered with Simon to create the Simon® American Express® credit card from Cardless. This gives us the following rate of return:

• Save up to 5% on participating Simon Destination retailers and select online purchases
• Up to 3% back on all other qualifying purchases at Simon Malls, Mills and Premium Outlets
• Up to 1.5% back on all other qualifying purchases worldwide

This is a healthy return rate. Only a handful of cashback credit cards offer a 5% bonus category on purchases. Unfortunately, eligible retailers and online purchases have not yet been revealed. Once these provisions are clarified, this card may be the best option for making sizeable purchases at participating merchants.

On the other hand, there are much better options if you want to swipe this card and get 1.5%. Some no annual fee credit cards offer a minimum 2% cash back rate. all purchase. For example, the Citi® Double Cash Card gives you 1% back (1 point per dollar) on purchases and an additional 1% back (1 point per dollar) when you complete that purchase.

And the Wells Fargo Active Cash® Card is even simpler, earning 2% cash rewards on your purchases with no limits. That’s 25% more cash back than if you made a bonus-free purchase with Cardless’s Simon® American Express® credit card.

Since this card is issued by American Express, you can also take advantage of Amex offers**. Amex offers are targeted statement credits or bonus points that are automatically posted to your account when you meet certain spending requirements at many different merchants.

Conclusion

There are some unknowns regarding the Cardless Simon® American Express® credit card. But with the potential to earn up to 5% on regular purchases, and when he spends $1,000 in the first 90 days of opening an account, he gets a welcome bonus of $150 in statement credits, so Simon Properties.

If you’re a mall shopper, listen whenever your card details are announced.