American Express Cobalt® Card
on American Express's website
Apply with confidenceCheck whether your application will be approved before you submit it, with no impact on your credit score*When you apply for a personal American Express Credit Card, we will tell you whether you are eligible without affecting your credit score. So you can apply with confidence.*Instant decisions are only available for consumer Card applications (also called “personal Cards”).
Pros & Cons
Pros
- Welcome Bonus: Up to 15,000 points
- Up to 5x at restaurants
- Purchase protection included
Cons
- High annual fee ($191.88/yr)
- Foreign Transaction Fee (2.5%)
- No airport lounge access despite fee
Our Review
The American Express Cobalt® Card turns grocery runs, restaurant meals, and food delivery into points for your next trip. Its main strength is 5 points per dollar on eligible eats and drinks in Canada, with the choice to transfer points to programs such as Aeroplan or use them to reduce your balance.
You earn:
- 5 points per dollar on eligible groceries, dining, bars, and food delivery in Canada, on up to $2,500 in combined purchases per month, then 1 point per dollar;
- 3 points per dollar on eligible streaming subscriptions in Canada;
- 2 points per dollar on eligible gas, transit, and ridesharing in Canada;
- 1 point per dollar on other purchases.
The welcome offer can reach 15,000 Membership Rewards points: earn 1,250 points for each monthly billing period in which you charge $750 in net purchases to the Card during your first 12 months.
You choose how to use your points: travel through partner programs or statement credits at 1,000 points for $10 on eligible purchases. No-fee Supplementary Cards also help bring your household spending together.
The fee is $15.99 per month outside Quebec, equivalent to $191.88 per year. In Quebec, the $191.88 fee is billed annually. The Card also includes travel insurance and protection for certain purchases, subject to applicable terms.
Awards won by the American Express Cobalt® Card
Rewards
All Spending
1x
Amex Membership Rewards pts per dollar
Restaurants
5x
Amex Membership Rewards pts per dollar
Groceries
5x
Amex Membership Rewards pts per dollar
Streaming
3x
Amex Membership Rewards pts per dollar
Transit
2x
Amex Membership Rewards pts per dollar
Gas
2x
Amex Membership Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
84,000
Amex Membership Rewards/yr
Estimated Value
$1,428
After Fees
+$1,236
1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.
$1,491
incl. welcome bonus
Annual rewards breakdown
The calculation uses the maximum advertised welcome offer. Your actual offer may be lower or unavailable.
Transfer partners
Aeroplan
Airline
British Airways Club
Airline
Cathay Asia Miles
Airline
Etihad Guest
Airline
Flying Blue
Airline
Hilton Honors
Hotel
Marriott Bonvoy
Hotel
Travel Insurance
Travel medical (under 55)
Up to $5,000,000 / 15 days
Travel medical (55-64)
Up to $5,000,000 / 15 days
Delayed Baggage
Up to $500
Lost Baggage
Up to $500
Flight Delay
Up to $500
Hotel Burglary
Up to $500
Travel Accident
Up to $250,000
Purchase Protection
Purchase Protection
Up to $1,000 / 90 days
Extended Warranty
+1 year(s)
Mobile Device
Up to $1,000 / 2 year(s)
Auto Rental (primary)
Up to $85,000 / 48 days
Fees and interest rates
- Annual Fee$191.88
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Cash advance rate21.99%
Terms & Conditions
Card Features
- In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets
Card features
- Earn 5X the points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.
- Earn 3X the points on eligible streaming subscriptions in Canada
- Earn 2X the points for eligible gas, public transit and ride sharing purchases in Canada
- Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online
- Earn 1X point for every $1 in Card purchases everywhere else
- Fees: $15.99/month (Equals $191.88 annually) for non-Quebec residents. $191.88/year for Quebec residents.
- Enjoy access to hotel bookings, a room upgrade (when available), 12pm check-in and late check-out (when available), and up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel
- Transfer points 1:1 to several frequent flyer and other loyalty programs
- Access Front Of The Line® AmexTM Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with Amex ExperiencesTM
Apply with confidence!
- See if you’ll be approved before you apply – with no impact to your credit score.*
- When applying for a new card, businesses will typically run a “hard check” of your credit report. A hard credit check can cause a temporary impact to your credit score.
- Unlike many lenders, for American Express’ personal cards, you can see if you will be approved before you apply without impacting your credit score
- A soft credit check is a check into your credit report initiated either by you or a company even if you didn’t apply for credit. It is primarily used to screen for pre-approval financing offers or for a background check
- Available for American Express personal cards, we’ll let you know your eligibility with no impact to your credit score, so you can submit your application with confidence.*
*Instant decisions are only available for Consumer (also known as Personal) Card applications.
Legal
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