{"id":300666,"date":"2024-09-25T12:25:00","date_gmt":"2024-09-25T16:25:00","guid":{"rendered":"https:\/\/milesopedia.com\/news\/american-express-cobalt-gold-upgrade\/"},"modified":"2025-11-05T16:15:32","modified_gmt":"2025-11-05T21:15:32","slug":"american-express-cobalt-gold-upgrade","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/guide\/strategy\/american-express-cobalt-gold-upgrade\/","title":{"rendered":"American Express: Should You Upgrade From The Cobalt Card To The Gold Card?"},"content":{"rendered":"

[vc_row][vc_column][vc_custom_heading text=”American Express – Cobalt to Gold Card Upgrade Offer” css=”” el_id=”american_express_-_cobalt_to_gold_card_upgrade_offer”][vc_column_text css=””]<\/p>\n

Presently, American Express Canada<\/a> is offering select American Express Cobalt®<\/sup><\/sup> Cardmembers<\/a> the opportunity to upgrade to the American Express®<\/sup><\/sup> Gold Rewards Card<\/a>.<\/p>\n

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Upgrade to a Gold Card now and you could earn 40,000<\/span> bonus Membership Rewards points by making $3,000<\/span> in purchases on your Card within the first three months of membership + you could earn 10,000<\/span> points by making a purchase between the 14th and 17th months of membership.<\/p>\n<\/blockquote>\n

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Let’s quickly compare the benefits of the American Express Cobalt®<\/sup><\/sup> Card<\/a> and the American Express®<\/sup><\/sup> Gold Rewards Card<\/a>.<\/p>\n

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The American Express Cobalt®<\/sup> Card<\/a> is unbeatable when it comes to accumulating points: you can earn between 1 and 5 points per dollar<\/strong>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Category<\/td>\nPoints per dollar<\/td>\n<\/tr>\n<\/thead>\n
Grocery stores (Metro, IGA, Sobeys, Super C, etc.)<\/td>\n5<\/td>\n<\/tr>\n
Food delivery<\/td>\n5<\/td>\n<\/tr>\n
Restaurants and Bars<\/td>\n5<\/td>\n<\/tr>\n
Convenience stores<\/td>\n5<\/td>\n<\/tr>\n
Streaming subscriptions<\/td>\n3<\/td>\n<\/tr>\n
Gas station<\/td>\n2<\/td>\n<\/tr>\n
Transportation<\/td>\n2<\/td>\n<\/tr>\n
Travel<\/td>\n1<\/td>\n<\/tr>\n
Other<\/td>\n1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This represents an average return of 1.7% to 8.5%<\/strong> on all these purchases, according to Milesopedia’s valuation of a Membership Reward point<\/a>.<\/p>\n

Just like the American ExpressMD<\/sup> Gold Rewards Card,<\/a> you can easily use these points<\/a> as statement credit<\/strong> towards your everyday or travel purchases. The value is the same: 1,000 points = $10.<\/p>\n

Or you can transfer them into Aeroplan points<\/a>, Avios (British Airways, Qatar Airways and Finnair), Flying Blue, Marriott Bonvoy or Hilton Honors.<\/p>\n

The American Express Cobalt®<\/sup> Card<\/a> has monthly fees of $15.99 or<\/span> $191.88<\/span> per year.<\/p>\n

[\/vc_column_text][vc_single_image image=”234348″ img_size=”large” alignment=”center” style=”vc_box_rounded”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”American Express – Gold Card: Best for Benefits and Travel” css=”” el_id=”american_express_-_gold_card_best_for_benefits_and_travel”][vc_column_text css=”” el_class=”checkmarks”]<\/p>\n

The American ExpressMD<\/sup> Gold Rewards Card<\/a> is not as generous when it comes to accumulating points: you can earn between 1 and 2 points per dollar<\/strong>.<\/p>\n\n\n\n\n\n\n\n\n\n
Category<\/td>\nPoints per dollar<\/td>\n<\/tr>\n<\/thead>\n
Grocery stores (Metro, IGA, Sobeys, Super C, etc.)<\/td>\n2<\/td>\n<\/tr>\n
Gas station<\/td>\n2<\/td>\n<\/tr>\n
Drugstores<\/td>\n2<\/td>\n<\/tr>\n
Travel<\/td>\n2<\/td>\n<\/tr>\n
Other<\/td>\n1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This represents an average return of 1.7%<\/span> to 3.4%<\/span><\/strong> on all these purchases.<\/p>\n

Just like the American Express CobaltMD<\/sup> Card<\/a>, you can easily use these points as Statement credit<\/strong> for your everyday or travel purchases. The value is the same: 1,000 points = $10<\/strong>.<\/p>\n

Or you can transfer them into Aeroplan points, Avios (British Airways, Qatar Airways and Finnair), Flying Blue, Marriott Bonvoy or Hilton Honors.<\/p>\n

The American Express®<\/sup> Gold Rewards Card<\/a> has an annual fee of $250. This is about $60 more than the American Express Cobalt®<\/sup> Card<\/a>.<\/p>\n

With a higher annual fee, this Card offers several benefits for travel:<\/p>\n