Cardless & Simon Malls Launch Rewards Card

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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

Featured image by Cardless
About: Cory
Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. Cory holds academic degrees in both the U.S. and U.K. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.

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