Up to 40,000 Aeroplan Points + Air Canada Buddy Pass
5X The Points On Amazon.ca For Cobalt Cardmembers!

Earn 5x The Points at Hundreds of Stores: Amazon, Walmart, SAQ, Netflix, etc.

To the point

With the right credit card and using this technique, you can earn 5x the points for most purchases!

Are you familiar with the gift card technique? This is a well-known strategy of the Milesopedia community members. It consists of using a credit card offering more points at some stores to buy gift cards for other stores.

For example, buying a Walmart gift card at Couche-Tard/Circle K to earn 5 points per dollar (instead of using your credit card directly at Walmart, which would only earn 1 point per dollar).

The best credit cards to use in Canada for this purpose, offering 5 points per dollar are :

However, 5 points per dollar do not necessarily have the same value in different programs!

So with the American Express Cobalt™ Card, you’ll earn a 5% return when you use your points on any purchase charged to the card (not just travel).

While with the Scotiabank Gold American Express® Card, it’s a little more restrictive: you’ll get a 5% return when you use your points for any travel purchase charged to the card.

And finally, with the BMO eclipse Visa Infinite* Card, it’s even more restrictive and lower in value: you’ll get a 3.5% return when you use your points to book travel on the BMO Rewards website.

Of the three cards, we recommend the American Express Cobalt™ Card for this gift card technique.

5 points per dollar for many stores

To use the gift card technique you need to:

  • Have the right credit card (in this case, the American Express Cobalt™ Card)
  • Know which stores offer 5x the points
  • Buy the gift cards you are interested in at these stores
  • Use the gift cards for your purchases

The right credit card

With the American Express Cobalt™ Card, you can earn 5x the points on these categories of purchases:

  • Grocery stores
  • Convenience stores
  • Food delivery
  • Restaurants and Bars

5x the points = 5 points per dollar. That’s the equivalent of a 5% return if you use your points for any purchase. You can even transfer your points to airline partners (Aeroplan, British Airways Executive Club, etc.) or hotel partners (Marriott Bonvoy, Hilton Honors) to get even more value!

Note that you earn 5x the points up to a maximum of $30,000 in Card purchases per year at businesses offering 5x the points (that’s an average of $2,500 per month). That’s up to 150,000 points per year!

amex cobalt presentation 1

Stores offering 5x the points

Here, the categories we’re interested in are grocery stores and convenience stores: these are places where we can buy gift cards for many other stores.

Here is a partial list of grocery and convenience stores in Canada where you can earn 5x points for gift card purchases:

  • Metro
  • Super C
  • IGA (some grocery stores)
  • Marché Richelieu
  • Couche-Tard
  • Giant Tiger
  • Circle K
  • 7-Eleven
  • Sobeys
  • Whole Foods Market
  • Food Basics
  • FreshCo
  • Save-On-Foods
cobalt super c

Available gift cards

There are countless gift cards available in these stores! There is something for every taste and need. Here are some examples of gift cards available. For each of these gift cards, you could get 5x the points when buying it in grocery stores (Metro, Super C, IGA, Giant Tiger, Safeway, etc.) or convenience stores (Couche-Tard, Circle K, 7Eleven, etc.):

Type Example gift cards
Gas Esso, Mobil, Petro-Canada, Shell, Irving, etc.
Grocery Metro, Super C, IGA, Walmart, etc.
Alcohol SAQ, LCBO, etc.
Monthly subscriptions Netflix, Spotify, App Store / iTunes, Google Store, SiriusXM, Bell, Rogers, Telus, Fido, Koodo, Virgin Mobile, Chatr Mobile, Freedom Mobile, Lucky Mobile, Public Mobile etc.
Online shopping Amazon
Shopping American Eagle Outfitters, Gap / Old Navy / Banana Republic, Bath & Body Works, Best Buy, H&M, La Vie en Rose, RW&CO, Sail, Sephora, Simons, ToysRus, Winners, etc.
Sports Atmosphere, Decathlon, Golf Town, Lululemon, Sports Experts, etc.
Furnishing and Renovations IKEA, Home Depot, Canadian Tire, Home Hardware, HomeSense, Wayfair, etc.
Everyday life Uber, Uber Eats, Starbuck’s, Tim Hortons, McDonald’s, St Hubert’s, Subway, Dairy Queen, Burger King, Première Moisson, Keg, DavidsTea, etc.
Culture and Entertainment Archambault, Renaud-Bray, Cineplex, Guzzo, Apple Store, EB Games, Steam, Xbox, Playstation Store, etc.
Travel Air Canada, Disney, Prestige Boxes, etc.
5X The Points On Amazon.ca For Cobalt Cardmembers!

Use a gift card for your purchases

Finally, all you have to do is use your gift card when you check out.

Like at the SAQ/LCBO: what could be better than getting 5x the points for your next bottle of wine (instead of 1x the points by paying directly with your credit card at the SAQ/LCBO)?

Saq Cobalt giftcard

Conclusion

Don’t make the mistake of using the “wrong” credit card at your next checkout. Consider buying gift cards at stores offering 5x points!

You will be able to get:

  • 5x the points on your Amazon.ca purchases
  • 5x the points on your furniture at Ikea
  • 5x the points on your shopping at Walmart
  • 5x the points on your Netflix subscription
  • 5x the points on your alcohol at the SAQ or LCBO
  • 5x the points on your movie ticket
  • etc.

And if you don’t have the American Express Cobalt™ Card yet, now is the best time to get it: you can earn up to 50,000 points in your first year!

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