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Cobalt Featured Bonus

Up to 45,000 Points with the Best 5X Card in Canada!

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Exceptional offer: you can earn up to 45,000 bonus points with this Card!

Earn Up to 45,000 Points With The American Express Cobaltâ„¢ Card!

For a limited time, new American Express Cobaltâ„¢ Cardmembers can earn up to 45,000 welcome bonus points. This is the largest welcome offer ever offered by American Express for this Card. And it’s the most generous welcome offer for a credit card with no minimum income requirement!

This is a $450 value when you use your points for travel purchases made with the Card (flights, hotels, Airbnb rentals, etc.). And up to $900 when using the American Express Fixed Point Travel Program to book flights!

The welcome offer

The welcome bonus is split monthly for the first 12 months.

So you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card (whether in 1X, 2X or 5X category).

The best is to spend within the 5x categories:

  • 2,500 points as a monthly welcome bonus
  • 2,500 points for purchases in the 5x category

So it’s a 10% minimum return!

Plus, you can earn a Welcome Bonus of 15,000 Membership Rewards points when you spend a total of $3,000 in purchases on your American Express Cobaltâ„¢ Card in your first 3 months of Cardmembership.

Here’s what you could get in the first 3 months when you spend $3,000 within the 5x categories (grocery, food delivery, convenience stores, etc.):

Month Purchases 5x Categories Monthly bonus Additional Bonus Total
1 $1,000 5,000 points 2,500 points 7,500 points
2 $1,000 5,000 points 2,500 points 7,500 points
3 $1,000 5,000 points 2,500 points 15,000 points 22,500 points
Total $3,000 15,000 points 7,500 points 15,000 points 37,500 points

37,500 points for $3,000 in Card purchases within 3 months, that’s an 12.5% return if you use your points for a statement credit for any travel purchases charged to your Card such as flights or Airbnb rentals. That’s a $375 value!

Anyway, even if you don’t spend in the 5x categories, the key is to charge $3,000 in Card purchases to your card in the first 3 months to get the additional 15,000 welcome bonus points. For example, you could buy gift cards on Rakuten for the grocery store of your choice like IGA or Maxi!

cobalt super c
5x points at Super C

And if you spend $500 in the 5x categories every month after that, you could earn up to 82,500 points or $825 in the first year!

Month Purchases 5x Categories Monthly bonus Additional Bonus Total
1 $1,000 5,000 points 2,500 points 7,500 points
2 $1,000 5,000 points 2,500 points 7,500 points
3 $1,000 5,000 points 2,500 points 15,000 points 22,500 points
4 $500 2,500 points 2,500 points 5,000 points
5 $500 2,500 points 2,500 points 5,000 points
6 $500 2,500 points 2,500 points 5,000 points
7 $500 2,500 points 2,500 points 5,000 points
8 $500 2,500 points 2,500 points 5,000 points
9 $500 2,500 points 2,500 points 5,000 points
10 $500 2,500 points 2,500 points 5,000 points
11 $500 2,500 points 2,500 points 5,000 points
12 $500 2,500 points 2,500 points 5,000 points
Total $7,500 37,500 points 30,000 points 15,000 points 82,500 points

82,500 points for $7,500 in Card purchases within the first 12 months, that’s an 11% return if you use your points for a statement credit for any travel purchase charged to your Card such as flights or Airbnb rentals. It’s a $825 value!

Removing the Card annual fee ($10 per month or $120 over 12 months), we get a net value of $705 in the first year!

What about Marriott Bonvoy?

With the American Express Cobaltâ„¢ Card, you can transfer your points to Marriott Bonvoy. The conversion ratio is 1:1.2. Thus, 10,000 points = 12,000 Marriott Bonvoy points.

The welcome bonus of 45,000 points is equivalent to 54,000 Marriott Bonvoy points.

Considering the minimum spend requirement in the first 12 months, you could earn 82,500 points in the first year, which equals 99,000 Marriott Bonvoy points!

Learn more in this article:

Features at a glance

Earning points

With the American Express Cobaltâ„¢ Card, you earn between 1 and 5 points per dollar:

Category Points per dollar
Grocery 5
Food delivery 5
Restaurants and bars 5
Convenience stores 5
Gas station 2
Gas & Transit 2
Travel 2
Other 1

To maximize your card, you can purchase gift cards (Amazon, SAQ, Netflix, etc.) in grocery stores or at your 7-eleven / Couche-Tard convenience store. You will get 5x the points for these purchases.

5X The Points On Amazon.ca For Cobalt Cardmembers!
super c gift cards

Using points

You can use your American Express Cobaltâ„¢ Card points in many ways:

Use Points
Flights (American Express Fixed Point Program) Up to 10,000 points = $200
Travel purchases Charged to your Card 10,000 points = $100
Points transfer to Marriott Bonvoy 10,000 points = 12,000 points Marriott Bonvoy
Points transfer to Hilton Honors 10,000 points = 10,000 Hilton Honors points
Other purchases with the Card 10,000 points = $70
Shopping with points on Amazon.ca 10,000 points = $70

You could even use the Marriott Bonvoy program to transfer your points to Airline Programs like Aeroplan: 50,000 Membership Rewards points = 60,000 Marriott Bonvoy points = 25,000 Aeroplan points.

Insurance

With the American Express Cobaltâ„¢ Card, you have great insurance:

  • Car Rental Theft and Damage Insurance
  • Baggage delay insurance
  • Lost or Stolen Baggage Insurance
  • Flight delay insurance
  • $250,000 Travel Accident Insurance
  • Hotel/Motel Burglary Insurance
  • Purchase Protection® Plan
  • Buyer’s Assurance® Protection Plan

Conclusion

The American Express Cobaltâ„¢ Card is one of our preferred cards for all aspects mentioned above.

Every time a reader asks what is the best credit card to apply for in the Facebook group, many enthusiastic members come to tout the merits of the American Express Cobaltâ„¢ Card!

And this Card is accessible to almost everyone since there is no minimum income requirement.

If you don’t have the Card yet, now is the best time to apply for it with this great welcome offer!

You would like to apply for this Card while supporting milesopedia? Click here!

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