American Express Cobalt Credit Card | Shop Canada's Best Credit Cards | Compare Credit Cards | shoptherate.ca

American Express Cobalt Credit Card

Card Details

Network: American Express
Provider: American Express
Type: Rewards, Travel
Credit Required: Good Credit

Offers & Rewards

5 points for every $1 on eligible purchases* - Conditions Apply
30000 Membership Rewards® points* - Conditions Apply

Fees & Rates

Purchases: 19.99%
Cash Advances: 22.99%
Annual Fee: $120.00

  • $10 per month of Card membership ($120 annually)
  • In your first year as a new Cobalt Card member, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year
  • Earn 5 points for every $1 spent on Card purchases at eligible restaurants, bars, grocery stores and food delivery in Canada
  • Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B
  • Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases
  • Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies. Plus, more great perks.

Editor's Review

Aside from the $120 annual fee (paid in monthly increments), the Cobalt™ Card allows you to earn more rewards for your spending, especially if you like spending on food.  

Whether it's a grocery store, restaurant or bar, you can earn five points for every dollar you spend, plus two points for every dollar spent on gas, travel, and transit. Compared to most rewards cards in Canada, that's a bargain. It has an extensive welcome bonus where if you spend $500 each month on your card, you get 2,500 rewards points, adding up to 30,000 for the year. Accompanying that is a low-interest rate of 7.99% on purchases charged to your card within the first six months. You can also score 7,000 bonus points for each approved referral.  Points can be redeemed on a wide variety of things including flights, streaming services, movie tickets, retail, and more.

The Cobalt™ Card includes comprehensive insurance coverage including out of province or country emergency medical insurance, $250,000 travel accident insurance, and seven other policies. It also affords you hotel credits, upgrades, and other travel benefits. Ideal for millennials or people with active social lives, the American Express Cobalt™ Card rewards you for doing the things you like to do.


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