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 50,000 points



Best For

Annual Fee


Purchase Rates

20.99 %

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 purchases charged to your Card or
    • $225 in American Express® Prepaid Cards
  • Plus, you can earn a Welcome Bonus of 20,000 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 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

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%


Welcome Bonus Up to 50,000 points
Minimum Spending Required $7,500
Minimum Spending Timeframe 365 day(s)
Rewards Type Travel points
Transferable Points
Transfer Partners American Express Membership Rewards, Marriott Bonvoy, Hilton Honors, Aeroplan, British Airways Executive Club, Asia Miles, Delta Skymiles
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)

More info on our points and miles evaluation page.

Calculation of the offer’s value in the first year
Value per point 1.7 ¢
Welcome bonus approximately $850
Annual fee – $156
Value ≈ $694


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)
Mobile Device Insurance
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More


5 Milesopedia Rating