American Express Cobalt® Card

American Express Cobalt® Card

Welcome Bonus

Up to 30,000 Membership Rewards points

Best For

Value
Year 1

$1309

Years 2 and +

$799

Annual Fee

$155.88

Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

21.99 %

Balance Transfer Rates

Your Monthly Spending

Offer

Offer
  • 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 purchases charged to your Card or
    • $225 in American Express® Prepaid Cards
  • Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery
  • Earn 3x the points on eligible streaming subscriptions in Canada
  • 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
  • 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

Best travel credit card
Best Flexible Travel Credit Card
Best Travel Credit Card Grocery
Best Travel Credit Card Restaurants
Best credit card cash back restaurants

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $155.88
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 21.99%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP Lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Advantages

Welcome Bonus amount Up to 30,000 Membership Rewards points
Minimum Spending Required $6,000
Minimum Spending Timeframe (Months) 12 month(s)
Transferable Points
Rewards Type Travel points
Transfer Partners American Express Membership Rewards, Marriott Bonvoy, Aeroplan, British Airways Executive Club, Asia Miles
Loyalty Program American Express Membership Rewards

Earnings

Per dollar of purchases

All Spending 1 Membership Rewards point
Groceries 5 Membership Rewards points
Gas 2 Membership Rewards points
Dining and Food delivery 5 Membership Rewards points
Convenience Stores 5 Membership Rewards points
Drugstores 1 Membership Rewards point
Local Transport 2 Membership Rewards points
Travel 2 Membership Rewards points
Entertainment 1 Membership Rewards point
Recurring Payments 1 Membership Rewards point
Telecom/Internet 1 Membership Rewards point
Streaming services 3 Membership Rewards points
Online transactions 1 Membership Rewards point
Office Supplies 1 Membership Rewards point

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
15 day(s)
Travel medical insurance up to 64 years old
$5,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$250,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$85,000
48 day(s)
Hotel/Motel Burglary Insurance
$500

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
$1,000
90 day(s)
Mobile Device Insurance
$1,000
1 year
Price Protection
Insurance Document

FAQ

5 Milesopedia Rating