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

cobalt new card best featured
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

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.

cobalt super c

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.

Amex Cobalt Worth it offers

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.

airline partners amex cobalt
airline partners amex cobalt
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 !

Would you like to apply for this Card while supporting milesopedia? Click here!

  • 5X points on groceries and dining
  • Use your points as a statement credit on any purchase
  • Transfer your points to airline and hotel partners
Learn More
Best American Express Credit Card in 2023
  • In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
  • Earn 5X the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
  • Earn 3x the points on eligible streaming subscriptions in Canada
  • Earn 2X the points for eligible gas, public transit and ride sharing purchases in Canada
  • Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
  • Earn 1X point for every $1 in Card purchases everywhere else
  • Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
  • 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® Amex Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex ExperiencesTM
Legal

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Earning Rate
  • Groceries5Membership Rewards
  • Dining and Food delivery5Membership Rewards
  • Convenience Stores5Membership Rewards
Value
  • Year 1 $1,054
  • Year 2+ $799
Best For
Transfer Partners
  • AeroplanAsia MilesBritish Airways Executive ClubEtihad GuestFlying BlueHilton HonorsMarriott BonvoyAmerican Express Membership Rewards

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

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
Come to discuss that topic in our Facebook Group!
Credit Cards

Suggested Reading

Receive our newsletter every week!

Savings are here:

Milesopedia