Credit Cards 4 reasons why the American Express Cobalt™ Card should be in your wallet right now

To the point Find out why the Amex Cobalt is one of my favorite credit cards and why it should have a place in your wallet.

The best card for restaurants and groceries Multiple interesting promotional offers Transfer Membership Rewards to Travel Partners Mobile Phone Insurance Conclusion

The best card for restaurants and groceries

One of the best perks of the Cobalt credit card is the ability to earn 5 points for every dollar spent on eats and drinks. This includes restaurants, bars, food delivery as well as supermarkets in Canada. Therefore, it is an excellent card that is worth keeping year after year.

You will earn 5x in this category until you spend a maximum of $2,500 in monthly purchases. Once you reach this threshold, you’ll earn 1 point per dollar.

Multiple interesting promotional offers

American Express regularly has numerous promotional offers, several of which may be relevant to your situation. Generally, these offers allow for significant, sometimes complete, reduction of fees over time.

Transfer Membership Rewards to Travel Partners

What makes the American Express Cobalt™ Card even more appealing than before is the ability to transfer Membership Rewards to airline partners such as Aeroplan and British Airways Avios at a 1:1 ratio.

Previously, one of the drawbacks was that the card only earned MR Select points, and this currency was not transferable to airline partners. But now you’ll be able to transfer your points to frequent flyer programs as well as hotel loyalty partners like Hilton Honors and Marriott Bonvoy.

Transferring points to airline partners is generally the best alternative to get the most value out of your Membership Rewards points. Once you transfer your points to an airline partner, you’ll be able to redeem them for dream trip around the globe.

Mobile Phone Insurance

In addition to the current insurance coverages applicable to the American Express Cobalt™ Card there is a new mobile device insurance. When you use this card to purchase a new cellphone, American Express will cover up to $1,000 in the event of theft, loss, or accidental damage to your mobile device.

The insurance is good for a maximum of 2 years from the date of purchase.

Conclusion

The American Express Cobalt™ Card is currently one of the best credit cards in Canada and one of our favorites here at Milesopedia. It is the only available card in the country where you can earn up to 5 points per dollar spent on eats and drinks and also be able to transfer your points to travel partners.

The Card is now offering a welcome bonus of up to 15,000 points to eligible new cardholders. You’ll earn 1,250 points after spending $750 in purchases per month. Check out here our tip on how we earn 45 000 additional points !

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