What are the benefits of the American Express Cobalt® Card?

The card gives 5 Membership Rewards points per dollar at grocery stores, restaurants, bars, convenience stores and on food delivery. It adds 3 points per dollar on streaming subscriptions and 2 points per dollar on gas, public transit and ride sharing. Moreover, it includes ten insurance coverages, a welcome bonus of up to 15,000 points and eight transfer partners. The full card profile details every condition.

What is the cap on the Cobalt Card 5X multiplier?

The cap sits at $2,500 in purchases per monthly billing period in the eats and drinks category. Beyond that amount, American Express pays 1 point per dollar. Over a full year, that represents $30,000 in purchases at 5 points per dollar. The cap never carries over from one month to the next.

How much does the American Express Cobalt® Card cost?

The annual fee reaches $191.88. Outside Quebec, American Express bills it at $15.99 a month. In Quebec, the issuer bills it once a year. In addition, the first supplementary card costs nothing. The purchase interest rate stands at 21.99%, and the foreign currency conversion fee at 2.5%.

Does the Cobalt Card offer trip cancellation insurance?

No. The American Express Cobalt® Card includes neither trip cancellation insurance nor trip interruption insurance. It does cover emergency medical expenses of up to $5,000,000 for 15 days. If those two protections matter to you, compare our selection of the best credit cards for travel insurance.

Which programs accept Membership Rewards transfers?

Five airline programs accept transfers: Aeroplan, Air France KLM Flying Blue, British Airways Executive Club, Delta SkyMiles and Asia Miles. Three hotel programs follow: Marriott Bonvoy, Hilton Honors and ALL Accor Live Limitless. Ratios range from 500 to 1,200 points received per 1,000 Membership Rewards points. Our Membership Rewards program page lists every ratio.

Is a minimum income required for the Cobalt Card?

No, American Express requires no minimum income for the American Express Cobalt® Card. In addition, the issuer lets you check whether your application would be approved before you submit it, with no impact on your credit score. That pre-check applies only to personal cards.

How much is the Cobalt Card welcome bonus worth?

Milesopedia values the welcome bonus at $255. It reaches 15,000 Membership Rewards points, at 1,250 points for each monthly billing period in which $750 in net purchases are charged to the card. The calculation therefore assumes $9,000 in spending over twelve months and a value of 1.7 cents per point.

Does the Cobalt Card give airport lounge access?

No, the American Express Cobalt® Card comes with no airport lounge access. However, the card does open the door to The Hotel Collection from American Express Travel. For a stay of two or more consecutive nights, you get a noon check-in and a credit of up to $100 USD. Our comparison with the Gold Rewards Card details the difference in travel benefits.