American Express Cobalt™ Card

American Express Cobalt™ Card

The Best Credit Card in Canada. You earn 5x the points on grocery, food delivery and dining. And you can redeem your points for travel (flights, hotels, Airbnb, etc) or cash back.

For a limited time, earn up to 45,000 Membership Rewards points with this offer!

Value

$705

Welcome Bonus

up to 45,000 points Ends May 5, 2021

Best For

Annual Fee

$120


Offer

Offer
  • Apply now and you could earn up to 45,000 bonus points with the American Express Cobalt™ Card
    • 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 travel purchases charged to your Card or
      • $225 in American Express® Prepaid Cards
    • Plus, when you apply by May 5, 2021, you can earn a Welcome Bonus of 15,000 Membership Rewards® points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership
  • 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 monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Fees & Conditions

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

Advantages

Offer ends on May 5, 2021
Welcome Bonus up to 45,000 points
Rewards Type Travel points
Transferable Points
Transfer Partners Hilton Honors, Marriott Bonvoy
Loyalty Program American Express Membership Rewards
All Spending 1
Travel 2
Local Transport 2
Restaurants 5
Groceries 5
Convenience Stores 5
Gas Stations 2
Pharmacies 1
Office Supplies 1
Telecom/Internet 1
Food Delivery 5
Entertainment 1
Recurring Payments 1

Value

Value

For all the credit card offers, we estimate the first year Offer Value according to:

  • Value of the Cashback or Points earned with the Offer
  • Value of the Benefits or travel credits earned with the Offer
  • Annual fee offer (first-year rebate or not)

 

Offer Value calculation
for the first-year
Point Value (according to milesopedia) 1.0 ¢
Welcome Offer Value up to $450
Points earned with minimum purchases to get the Welcome Offer
(1 to 5 points per dollar)
up to $375
Annual fee $120
Estimated Value ≈ $705

 

Insurance

Common Carrier Travel Accident Insurance
Common Carrier Travel Accident Insurance Amount $250000
Common Carrier Travel Accident Insurance Details Up to $250,000 of Accidental Death and Dismemberment Insurance covers you, your spouse and dependent children under the age of 23 when any of you travel on a common carrier (plane, train, bus or ship) and charge your tickets to your card. Supplementary Cardmembers, their spouses and dependent children under age 23 are also covered.
Flight Delay Insurance
Flight Delay Insurance Amount $500
Flight Delay Insurance Details Charge your airline ticket to your card and receive up to $500 coverage (aggregate maximum with Baggage Delay Insurance) for all necessary and reasonable hotel, motel, restaurant expenses and sundry items purchased within 48 hours when you are delayed or denied boarding for four hours or more and no alternate transportation is made available.
Delayed Baggage Insurance
Delayed Baggage Amount $500
Delayed Baggage Details Book a flight with your card and receive up to $500 coverage (aggregate maximum with Flight Delay Insurance) for all immediate daily reasonable and necessary emergency purchases, made within four days, for essential clothing and sundry items when your baggage on your outbound trip is delayed by six or more hours.
Lost/Stolen Baggage Insurance
Lost/Stolen Baggage Insurance Amount $500
Lost/Stolen Baggage Insurance Details When you fully charge your airline tickets to your card, you are covered for loss or damage to your checked-in or carry-on baggage and personal effects while in transit for up to a maximum of $500 per trip for all insured person(s) combined.
Travel medical insurance up to 64 years old
Travel medical insurance up to 64 years old - Duration 15
Travel medical insurance up to 64 years old - Amount $5000000
Travel medical insurance up to 64 years old - Details Oui
Auto Rental Loss/Insurance
Auto Rental Loss/Insurance - Amount MSPP $85000
Auto Rental Loss/Insurance - Details Save money when travelling with the Car Rental Theft and Damage Insurance included on your card. This coverage provides compensation for theft, loss and damage up to the actual cash value of a rental car with an MSRP of up to $85,000, in its model year. To take advantage of this protection, simply decline the Loss Damage Waiver (LDW) or similar option offered by the car rental company, and fully charge your rental to your card. There’s no additional charge for this coverage, and you save yourself the daily insurance fee (usually $16 to $23 per day) charged by the car rental company.
Hotel/Motel Burglary Insurance
Hotel/Motel Burglary Insurance - Amount $500
Hotel/Motel Burglary Insurance - Details Charge your Hotel/Motel arrangements to your card and receive coverage of up to $500 against the loss of most personal items if your hotel/motel is burglarized.
Purchase Protection
Purchase Protection - Duration 90
Purchase Protection - Amount $1000
Purchase Protection - Details You can be insured for eligible items charged to your Card for 90 days from the date of purchase in the event of accidental physical damage or theft for up to $1,000 per occurrence (for all purchased items combined).
Extended Warranty
Extended Warranty - Details Your coverage can automatically extend the manufacturer’s original warranty up to one additional year when you fully charge eligible items to your Card.
Extended Warranty - Duration 1
Insurance Document Learn More