American Express Cobalt™ Card

American Express Cobalt™ Card

The Best Credit Card in Canada. You can get 5x the points on grocery, food delivery, restaurants and bars purchases. And use your points for travel (flights, hotels, Airbnb, etc) or cash back.

Welcome Bonus

Up to 30,000 points



Best For

Annual Fee


Purchase Rates

19.99 %

Cash Advance Rates

21.99 %

Balance Transfer Rates


  • In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year
  • 30,000 points is enough for:
    • $300 in statement credits redeemed towards any eligible purchases charged to your Card or
    • $225 in Amex Prepaid Cards
  • Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery
  • Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B
  • Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases
  • 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.

American Express is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information, click on the Apply now link. Terms apply.

Fees & Conditions

Annual Fee $120
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 21.99%


Welcome Bonus Up to 30,000 points
Minimum Spending Required $500
Minimum Spending Timeframe 30 day(s)
Rewards Type Travel points
Transferable Points
Transfer Partners American Express Membership Rewards, Marriott Bonvoy, Hilton Honors
Loyalty Program American Express Membership Rewards
All Spending 1
Travel 2
Local Transport 2
Dining and Food delivery 5
Groceries 5
Convenience Stores 5
Gas 2
Drugstores 1
Office Supplies 1
Telecom/Internet 1
Entertainment 1
Online transactions 1
AIR MILES partners 1
Air Canada 2
Streaming services 3
Recurring Payments 1



We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)
Calculation of the offer’s value in the first year
Value per point 1.0 ¢
Welcome bonus approximately $300
Points earned on purchases to unlock the bonus (1 to 5 points per dollar) ≈ $300
Annual fee – $120
Value ≈ $480


Common Carrier Travel Accident Insurance Amount $250,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $500
Travel medical insurance up to 64 years old - Amount $5,000,000
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $85,000
Hotel/Motel Burglary Insurance - Amount $500
Purchase Protection - Amount $1,000
Purchase Protection - Duration 90 day(s)
Medical Travel Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More


5 Milesopedia Rating