American Express Cobalt^® Card

Offer

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.

Alternatively, transfer them to Aeroplan points, Avios (British Airways/Qatar Airways), Flying Blue, Marriott Bonvoy, or Hilton Honors.

For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning up to:

• 15,000 Aeroplan points
• 15,000 Avios points
• 11,250 Flying Blue Miles
• 18,000 Marriott Bonvoy points

With the American Express Cobalt® Card, you can earn between 1 and 5 points per dollar:

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.

Frequently Asked Questions

• 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 favorite gas station like Esso, Shell, Petro-Canada or any travel provider!

• 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 groceries, restaurants and food delivery, and 2 points per dollar for transportation.

• What is the American Express Cobaltᴹᴰ 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.

• 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.

• 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 category of purchase: 5 points for groceries, food delivery, restaurants, and convenience stores; 3 points for streaming services; 2 points for gas stations and transportation; and 1 point for all other purchases.

• 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 5 points per dollar in these categories.

• Does the American Express Cobalt® Card offer travel insurance?

  Yes, American Express Cobalt® Card offers various types of insurance, including rental car theft and damage, baggage delay, baggage loss or theft, flight delay, travel accident, hotel or motel burglary, Mobile Device Insurance, Purchase Protection and Purchase Protection Guarantee.

• What is the minimum income required to obtain the American Express Cobalt® Card?

  No minimum income is required to obtain the American Express Cobalt® Card.

• How are points earned during 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.

• 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 cover American Express travel expenses by applying them directly as a credit on your travel purchases or by transferring them to partner loyalty programs.

• 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 15,000 points during your first 12 months. Full program terms and conditions are available on the Amex Canada website.

• 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.

• 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.

• 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.

• What are the annual fees for 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.

• Does the American Express Cobalt® Card offer cash advance benefits?

  Specific terms and conditions for 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.

• 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.

• 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 USA or anywhere else in the world. However, there will be a 2.5% conversion fee applied to your purchase.

Alternative Cards

American Express^® Gold Rewards Card

Up to 60,000 Membership Rewards

First year value : $1,439

Best of April 2025

Apply Now

Featured

American Express Platinum Card^®

Up to 100,000 Membership Rewards

First year value : $2,170

Best of April 2025

Apply Now

Featured

Marriott Bonvoy^® American Express^®* Card

50,000 Marriott Bonvoy points

First year value : $762

Apply Now

American Express^® Green Card

10,000 Membership Rewards

First year value : $578

Apply Now

American Express^® Aeroplan^®* Card

Up to 40,000 Aeroplan Points

First year value : $1,179

Apply Now

Featured

American Express^® Aeroplan^®* Reserve Card

Up to 85,000 Aeroplan Points

First year value : $2,130

Best of April 2025

Apply Now

Legal