Cardless and Simon Property Group have joined forces to launch a new co-branded credit card. The new Simon® American Express® Credit Card offers unique savings at the mall (and everywhere else) and comes with a decent welcome bonus.
Simon and Cardless Launch New Credit Card
The Simon® American Express® Credit Card is a unique addition to the retail credit card marketplace. Simon, the largest mall brand in the United States, is betting big on a post-pandemic return to the malls and has joined forces with Cardless to launch a versatile rewards card that earns up to 5% cash back and more!
Simon Amex Card Details
The no annual fee credit card earns its best rewards at the mall, with the following breakdown:
- Earn 5% at participating merchants
- Earn 3% with retailers at any Simon Mall, Mills, or Premium Outlets in the U.S.
- Earn 1.5% on Simon gift cards and mobile wallet purchases
- Earn 1% on all your other card purchases
The 5% back on participating merchants category is particularly interesting, as it applies to the types of shops you find at Simon properties – including cornerstone brands. Here are the eight brands that make up the 5% back category:
| Aeropostale | Brooks Brothers | Eddie Bauer | Forever 21 |
| Reebok | JCPenney | Nautica | Lucky Brand |
Even better, the 5% on those brands also includes online shopping. And if your favorite brand doesn’t feature on the list, don’t worry – all other purchases at Simon locations in the U.S. earn 3% back. Not bad!
The final bonus category is digital wallet purchases, with those purchases earning cardholders 1.5% back. For rewards churners, that 1.5% back also applies to gift card purchases at Simon Mall customer service kiosks. All other purchases earn 1% back, with rewards automatically redeemed as statement credits.
Some Flaws Exist
If the rewards structure with the Simon Amex sounds impressive, it’s not without its flaws. For example, the 5% and 3% cash back categories are capped at the first $10,000 in yearly combined purchases. Sure, that’s not a bad cap for the occasional shopper. Still, those looking to maximize their rewards might find better value elsewhere.
That better value might be from the U.S. Bank Shopper Cash Rewards™ Card. That card, from U.S. Bank, earns a whopping 6% back with two dozen brands, making it the ultimate store card.
Related Article: Ultimate Guide to Credit Card Merchant Offers
