Cardless Simon American Express Credit Card Coming Soon

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Women feet standing in a street holding shopping bags

The new Simon American Express Card from Cardless will earn up to 5% cash back at participating retailers.

YakobchukOlena/ Getty Images



  • The Simon Property Group owns hundreds of malls and shopping outlets worldwide.
  • Fintech company Cardless has partnered with Simon to create a high-earning cash back credit card.
  • Cardless and Simon have not yet revealed all the details about this card.
  • Read Insider’s guide to the best cash back credit cards.

Some of your favorite shopping malls and outlet centers may very well be owned by the Simon Property Group. The company has almost 200 such locations in the US under its umbrella.

That makes the news of a Simon co-branded American Express credit card, issued by tech company Cardless, very exciting for mall junkies (and many others, as you’ll see). The Simon® American Express® Credit Card from Cardless earns up to 5% cash back, and also comes with many well-loved Amex benefits — such as Amex Offers**, which give you statement credits and bonus rewards for making everyday purchases. The card even comes with a welcome bonus of $150 in statement credits after spending $1,000 in the first 90 days of account opening.

Insider’s Featured Rewards Credit Cards

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Earn unlimited 3x points on restaurants, travel, gas stations, transit, popular streaming services and phone plans. Earn 1x points on other purchases.

30,000 bonus points when you spend $1,500 in purchases in the first 3 months from account opening

Earn 3x ThankYou® points at restaurants and supermarkets. Earn 3x ThankYou® points at gas stations, air travel, and hotels. Earn 1x ThankYou® points on all other purchases

80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

Earn 5x points on all travel purchased through Chase Ultimate Rewards. Earn 3x points on dining, including eligible delivery services, takeout, and dining out. Earn 3x points on select streaming services. Earn 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). Earn 2x points on other travel. Earn 1x point per dollar on everything else.

60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Here’s what you need to know about the brand new Simon® American Express® Credit Card from Cardless.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Cardless Simon American Express Credit Card: Earn up to 5% back

Cardless is a financial technology firm, currently offering credit cards for brands such as the Boston Celtics, Cleveland Cavaliers, and LATAM Airlines.

One of the neat benefits of Cardless is the ability to open the card via your smartphone and instantly receive the card in your mobile wallet after you’re approved. Cardless will send you a physical card later — but you can begin spending on it immediately after you open it.

Cardless has partnered with Simon to create the Simon® American Express® Credit Card from Cardless. With it, you’ll receive the following earning rates:

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

That’s a healthy return rate; only a handful of cash-back credit cards offer a 5% bonus category on purchases. Unfortunately, the qualifying retailers and online purchases have yet to be revealed. And there will likely be a limit to the amount of bonus cash back you can earn. Once these stipulations are clear, this card could be an excellent choice if you make a meaningful amount of purchases with participating merchants.

If, on the other hand, you’ll be swiping this card to earn 1.5% back, there are much better options for you. Several no-annual-fee credit cards offer a minimum of 2% back on all purchases. For example, the Citi® Double Cash Card earns 1% back (1 point per dollar) when you make a purchase and another 1% back (1 point per dollar) when you pay off that purchase — effectively 2% everywhere.

And the Wells Fargo Active Cash® Card is even simpler, earning 2% cash rewards on purchases, with no limits. That’s 25% more cash back than you’ll get for unbonused purchases with the Simon® American Express® Credit Card from Cardless.

Because this card is issued by American Express, you’ll also have access to Amex Offers**. Amex Offers are targeted statement credits or bonus points that will automatically post to your account when you meet certain spending requirements at lots of different merchants. Just add the offer to your card first.

bottom line

There are several unknowns regarding the Simon® American Express® Credit Card from Cardless. But with the potential to earn up to 5% back on common purchases and a welcome bonus of $150 in statement credits after spending $1,000 in the first 90 days of account opening, this could be a great cash-back card if you spend a lot at Simon properties.

If you’re a mall shopper, keep an ear to the ground for more card details as they are released.

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