Credit card without Simon American Express card coming soon

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Feet of women 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 shopping centers and outlets around the world.
  • Fintech company Cardless has partnered with Simon to create a high-yield cash back credit card.
  • Cardless and Simon have yet to reveal any details regarding this card.
  • Read Insider’s guide to the best cashback credit cards.

Some of your favorite malls and designer outlets may very well belong to the Simon Property Group. The company has nearly 200 such sites in the United States under its umbrella.

That makes 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 popular Amex benefits, such as Amex Offers**, which give you statement credits and rewards as a bonus for your daily purchases. The card even comes with a welcome bonus of $150 in statement credits after spending $1,000 within the first 90 days of opening the account.

Insider Featured Rewards Credit Cards

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Chevron icon It indicates an expandable section or menu, or sometimes previous/next navigation options.

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

30,000 bonus points when you spend $1,500 on purchases within the first 3 months of account opening

Earn 3x ThankYou® points in 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 spending $4,000 on purchases within the first 3 months of account opening

Earn 5x points on all trips purchased through Chase Ultimate Rewards. Earn 3X points on meals, including qualifying delivery services, takeout and restaurants. 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 trips. Earn 1x point per dollar on everything else.

60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening

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

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

Simon American Express credit card without card: get up to 5% cashback

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

One of the cool benefits of Cardless is the ability to open the card through your smartphone and instantly receive the card in your mobile wallet upon approval. Cardless will send you a physical card later, but you can start spending it immediately after opening it.

Cardless has partnered with Simon to create the Simon® American Express® credit card from Cardless. With it, you will receive the following winning rates:

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

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

If, on the other hand, you use this card to earn 1.5% back, there are much better options for you. Several credit cards with no annual fee offer a minimum of 2% back on everything purchases. For example, the Citi® Double Cash card earns you 1% (1 point per dollar) when you make a purchase and an additional 1% (1 point per dollar) when you redeem that purchase, or 2% everywhere.

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

As this card is issued by American Express, you will also have access to Amex offers**. Amex offers are targeted statement credits or bonus points that automatically show up in your account when you meet certain spending requirements at many different merchants. First add the offer to your card.

At the end of the line

There are several unknowns about the Simon® American Express® credit card from Cardless. But with the potential to earn up to 5% on everyday 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 deal. rebate card if you spend a lot at Simon’s Properties.

If you’re a mall shopper, keep an ear out for more card details as they come out.

Luz W. German