Exceptional offer: new American Express Cobalt Cardmembers can earn up to 50,000 bonus points!
Up to 50,000 Points with the American Express Cobalt Card!
New American Express Cobalt™ Cardmembers can earn up to 50,000 points as a welcome bonus. This is the most generous welcome offer ever for this Card and a credit card that requires no minimum income!
That’s a value of $500 in statement credits redeemed towards purchases charged to your Card. And up to $1,000 when you use the American Express Fixed Points Travel Program to book some flights! You can even transfer your points to many partners such as Aeroplan or Marriott Bonvoy.
The welcome bonus is split monthly for the first 12 months. For example, you earn 2,500 Membership Rewards points for every $500 in purchases charged to your card during the month (whether in the 1X, 2X, 3X or 5X category).
Plus, you can earn a Welcome Bonus of 20,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership. That’s up to 50,000 Membership Rewards points as a welcome bonus!
For the monthly welcome bonus, it is best to shop in the 5X categories:
- 2,500 points as a monthly welcome bonus
- 2,500 points for purchases in the 5x category
That’s a 10% minimum return for the first 12 months on each of your first $500 in Card purchases within the 5x categories like groceries.
Here’s how you could earn 87,500 points in your first year by optimizing your purchases in the 5X categories:
|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 + 20,000 points||27,500 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||50,000 points||87,500 points|
87,500 points for $7,500 in Card purchases within 12 months; that’s an 11.67% minimum return if you use your points for a statement credit redeemed towards any purchase charged to your Card. That’s an $875 value!
If you take out the cost of the card fee ($12.99 per month or $155.88 over 12 months), the net value in the first year is approximately $719 !
One way to do this is to do your grocery shopping. And if you don’t have $500-$1,000 worth of groceries a month, you could buy gift cards there for other businesses you regularly frequent like Amazon, SAQ, GAP, Old Navy, etc. Another way to earn 5x the points for these purchases.
What about Aeroplan?
With the American Express Cobalt™ Card you can transfer your points to airline programs like Aeroplan. The conversion rate is 1:1. So 10,000 points = 10,000 Aeroplan points.
50,000 Welcome Bonus Points are equal to 50,000 Aeroplan points.
By considering the minimum spend in the first 12 months and optimizing your purchases in the 5x categories, you could earn up to 87,500 Membership Rewards points in the first year or 87,500 Aeroplan points!
What about Marriott Bonvoy?
50,000 Welcome Bonus Points are equal to 60,000 Marriott Bonvoy points.
By considering the minimum spend in the first 12 months and optimizing your purchases in the 5x categories, you could earn up to 87,500 Membership Rewards points in the first year, worth 105,000 Marriott Bonvoy points!
Learn more in this article:
Features at a glance
With the American Express Cobalt™ Card you can earn between 1 and 5 points per dollar:
|Category||Points per dollar|
|Restaurants and bars||5|
|Gas & Transit||2|
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.
You can use points of your American Express Cobalt™ Card in many ways:
|Flights (American Express Fixed Point Program)||Up to 10,000 points = $200|
|Travel purchases Charged to your Card||10,000 points = $100|
|Transfer Points to Aeroplan||10,000 points = 10,000 Aeroplan points|
|Transfer Points to British Airways Executive Club||10,000 points = 10,000 Avios miles|
|Transfer Points to Marriott Bonvoy||10,000 points = 12,000 points Marriott Bonvoy|
|Transfer Points to Hilton Honors||10,000 points = 10,000 Hilton Honors points|
|Other purchases with the Card||10,000 points = $100|
|Shopping with points on Amazon.ca||10,000 points = $70|
You could even use the Marriott Bonvoy program to transfer your points to other airline programs: 50,000 Membership Rewards Points = 60,000 Marriott Bonvoy points = 25,000 miles.
With the American Express Cobalt™ Card, you are covered by a number of benefits:
- Mobile Device 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
The American Express Cobalt™ Card is one of our favourite cards for all of the above.
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!