Offer
- In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
- Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
- Earn 3x the points on eligible streaming subscriptions in Canada
- Earn 2X the points on eligible ride shares, transit & gas in Canada
- Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
- Earn 1X point for every $1 in Card purchases everywhere else
- Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
- Transfer points 1:1 to several frequent flyer and other loyalty programs
- Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
- Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
Card Awards
Fees & Conditions
Value
Advantages
Earnings
Per dollar of purchases
Insurance
Travel Insurance
There may be a daily maximum amount depending on the type of fees paid
Other Insurance
Our review
The American Express Cobalt® Card is the best credit card from American Express, whether you want points for travel or cash back.
The welcome bonus is distributed monthly for the first 12 months. You’ll earn 1,250 Membership Rewards points for every $750 in purchases charged to your card during the month (whether in the 1X, 2X, 3X or 5X category). That’s up to 15,000 Membership Rewards points.
You can easily use these points as statement credits for everyday or travel purchases. The value is the same for both: 1,000 points = $10.
Or you can transfer them into Aeroplan points, Avios (British Airways/Qatar Airways), Flying Blue, Marriott Bonvoy or Hilton Honors.
With the American Express Cobalt® Card, you can earn between 1 and 5 points per dollar:
Category | Points per dollar |
Grocery stores (Metro, IGA, Sobeys, Super C, etc.) | 5 |
Food delivery | 5 |
Restaurants and bars | 5 |
Convenience stores | 5 |
Streaming subscriptions | 3 |
Gas station | 2 |
Transportation | 2 |
Travel | 2 |
Other | 1 |
This is a 1 to 5% return on all these purchases.
For example, if you spend $1,000 per month on groceries and/or restaurants and/or food delivery, you’ll earn $50 cash back per month, or $600 cash back per year with this card for this category of purchases!
And if you decide to transfer your points to other programs like Aeroplan, you could get even more value!
In addition, this card provides excellent insurance coverage: rental car theft and damage, baggage delay, lost or stolen baggage, flight delay, $250,000 travel accident, hotel or motel burglary, Mobile Device Insurance, Purchase Security, Purchase Protection Insurance.
Like all American Express Canada Cards, there is no minimum income requirement.
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Frequently Asked Questions
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Where can I use the American Express Cobalt® Card in Quebec or Canada?
You can use your American Express Cobalt® Card at grocery stores like Metro, Super C, Safeway, Whole Foods, your local Couche-tard or 7Eleven convenience store, your favourite gas station like Esso, Shell, Petro-Canada or any travel provider!
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How many points can I earn on my American Express Cobalt Card purchases?
You can earn 1 point per dollar on all purchases with the American Express Cobalt® Card. And 5 points per dollar for grocery store, restaurant and food delivery purchases, and 2 points per dollar for transportation and travel.
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What is the American Express Cobalt® Card welcome offer?
The American Express Cobalt® Card offers up to 15,000 Membership Rewards points spread over the first 12 months, where you earn 1,250 points each month after making $750 in purchases on your card.
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How can I use American Express Cobalt® Card Membership Rewards points?
Membership Rewards points can be used as credit towards everyday purchases or travel (1,000 points = $10) or transferred to loyalty programs such as Aeroplan, Avios, Flying Blue, Marriott Bonvoy or Hilton Honors.
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How many points can I earn for every dollar I spend with the American Express Cobalt® Card?
You can earn between 1 and 5 points per dollar, depending on the purchase category: 5 points for groceries, food delivery, restaurants, and convenience stores; 3 points for streaming services; 2 points for gas stations, transportation, and travel; and 1 point for all other purchases.
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How can I get cash back with the American Express Cobalt® Card?
For example, if you spend $1,000 monthly in the grocery, restaurant and food delivery categories, you’ll earn $50 cash back per month, or $500 per year, thanks to the 5 points per dollar in these categories.
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Does the American Express Cobalt® Card offer travel insurance?
Yes, the American Express Cobalt® Card offers many insurance coverages, including rental car theft and damage, baggage delay, baggage loss or theft, flight delay, travel accident, hotel/motel burglary, Mobile Device Insurance, Purchase Security, and Purchase Protection Guarantee.
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What minimum income is required to apply for the American Express Cobalt® Card?
No minimum income is required to get the American Express Cobalt® Card.
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How are points earned in the first year with the American Express Cobalt® Card?
In your first year, you can earn 1,250 Membership Rewards points every month you charge $750 in net purchases to your Card, for a total of up to 15,000 points in one year.
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What additional benefits does the American Express Cobalt® Card offer?
Cobalt Cardmembers enjoy benefits such as bonus reward offers, access to major events, Front of the Line® presale and reserved tickets, and offers and events specially designed for Cardmembers through American Express® Experiences.
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How can I use my American Express Cobalt® Card Membership Rewards points for travel?
Membership Rewards points earned with the American Express Cobalt® Card can be used to cover American Express travel expenses, by applying them directly as a credit on your travel purchases or by transferring them to partner loyalty programs.
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How do I get the welcome bonus with the American Express Cobalt® Card?
To earn the welcome bonus with the American Express Cobalt® Card, you must make net purchases of $750 each month to receive 1,250 Membership Rewards points, up to a total of 15,000 points during your first 12 months. Full program terms and conditions are available on the Amex Canada website.
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How do net purchases affect point accumulation with the American Express Cobalt® Card?
Net purchases, i.e. your purchases minus returns, made with the American Express Cobalt® Card are eligible to earn Membership Rewards Points according to eligible purchase categories, such as groceries or travel, and according to the terms and conditions of the loyalty program.
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What advantages does the American Express Cobalt® Card offer when renting a car?
The American Express Cobalt® Card offers theft and damage insurance for rental cars. Terms of service and details of coverage and exclusions can be found in the card’s insurance guide.
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Are there any special offers for American Express Cobalt® Cardmembers?
Yes, American Express Cobalt® Cardmembers have access to special offers, including bonus rewards deals and exclusive experiences through American Express® Experiences, plus perks like Front of the Line® presale and reserved tickets.
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Is the American Express Cobalt® Card available to US residents?
No, the American Express Cobalt® Card is specifically designed for residents of Canada. U.S. residents can explore other card options through the country’s Amex bank.
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What are the annual fees associated with the American Express Cobalt® Card, and are there any promotions for new cardholders?
The American Express Cobalt® Card has an annual fee of $155.88. Details of fees and promotions can be found in the terms of service and promotional offers on the Milesopedia or Amex Canada websites.
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Does the American Express Cobalt® Card offer cash advance benefits?
Specific terms and conditions regarding cash advances with the American Express Cobalt® Card, including applicable fees and interest rates, can be found in the Card Services Guide on the American Express Canada website.
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How are points earned during the monthly billing period with the American Express Cobalt® Card?
During each monthly billing period, American Express Cobalt® Cardmembers can earn 1,250 Membership Rewards points by charging $750 in net purchases to the card, earning up to 15,000 points in one year, according to program terms and conditions.
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Do the purchase categories apply in the United States or elsewhere with the American Express Cobalt® Card?
Officially, the purchasing categories apply to Canada. However, in our experience, the categories also apply to your purchases made in the United States or elsewhere in the world.
You’ll also earn 5 points per dollar for your purchases at grocery stores, restaurants and bars in the U.S. and worldwide.
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Can I use my American Express Cobalt® Card in the United States or anywhere else in the world?
Yes, you can use your American Express Cobalt® Card in the United States or anywhere else. However, a 2.5% conversion fee will be applied to your purchase.
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