Our Review
This credit card has been the Best Credit Card in Canada for many years.
You can earn up to 30,000 points as a welcome bonus.
With this Card you can earn:
- 5 points per dollar on groceries, dining and food delivery purchases
- 2 points per dollar on transportation, gas and travel purchases
- 1 point per dollar on all other purchases.
A great way to earn points quickly is by purchasing gift cards at your local grocery or convenience store for many businesses to earn 5x points (Walmart, Ikea, SAQ, etc)
You can then use your points in many ways:
- Statement credit for travel purchases
- Statement credit for all purchases
- Transfer to partner programs (Marriott Bonvoy, Hilton Honors)
- Book your flight with American Express Travel at a special rate
Finally, you are covered with reliable insurance for your travels and purchases.
Like most American Express Cards, there is no minimum income requirement to apply for this Card.
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 travel 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 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
Advantages
Value
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 |
Insurance
Legal
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.
FAQ
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Where can I use the American Express Cobalt Card in Quebec or Canada?
You can use your American Express CobaltTM Card at grocery stores like Metro, Super C, Safeway, Whole Foods, your local Couche-tard or 7Eleven, 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 your 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.