Advertiser Disclosure

American Express Cobalt® Card

Rates and Fees

Annual Fee: $155.88 CAD

Bonus Miles
Bonus Points
15,000
Recommended Credit
670 - 850
Current Offer

Earn 1,250 Membership Rewards points for every month you spend $750 (for the first 12 months).

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

All information about the American Express Cobalt® Card has been collected independently by Daily Drop.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

15,000
Bonus Points

Earn 1,250 Membership Rewards points for every month you spend $750 (for the first 12 months).

All information about the American Express Cobalt® Card has been collected independently by Daily Drop.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

For American Express products listed in this page, Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Summary

This is certainly one of the best starter cards for Canadians. Not only does it have a low monthly fee, but it also earns valuable Membership Rewards points that can be transferred to airline and hotel programs. It's a valuable card without the high price tag or fuss of a premium card. The highlight of the card is that it earns 5X points on ALL eats and drinks including groceries, dining, bars, and even some gas stations/convenience stores. It's great for racking up a lot of points!

Earning Rewards

  • 5X points per $1 on dining and food delivery
  • 3X points per $1 on streaming services
  • 2X points per $1 on travel
  • 1x points per $1 on everything else

Additional Benefits

  • Transfer your points to airline and hotel partners
  • Amex offers for various merchants
  • Monthly fee instead of annual fee

Foreign Transaction Fee

  • 2.5% of transaction amount in CAD

For American Express products listed in this page, Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Also consider

American Express® Gold Rewards Card

American Express® Gold Rewards Card

American Express® Gold Rewards Card

70,000
Bonus Points
Earn 5,000 Membership Rewards points for each month in which you spend $1,000 (for the first 12 months). Earn 10,000 more points when you spend a total of $4,000 on the card.
70,000
Bonus Points
Earn 5,000 Membership Rewards points for each month in which you spend $1,000 (for the first 12 months). Earn 10,000 more points when you spend a total of $4,000 on the card.
This is a great card for people who want to dabble in the Amex Membership Rewards space without needing to shell out a huge annual fee. This card earns Membership Rewards Points on all purchases and comes with a hefty signup bonus relative to its modest annual fee. *All information about the American Express® Gold Rewards Card has been collected independently by Daily Drop.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool
The Platinum Card®

The Platinum Card®

The Platinum Card®

100,000
Bonus Points
Earn 70,000 Membership Rewards points when you spend $10,000 in the first 3 months. Earn another 30,000 points when you make a single purchase between months 14 and 17 of card holdership.
100,000
Bonus Points
Earn 70,000 Membership Rewards points when you spend $10,000 in the first 3 months. Earn another 30,000 points when you make a single purchase between months 14 and 17 of card holdership.
Much like its U.S. counterpart, the Amex Platinum Card is a must-have for globetrotters. It comes with premium perks, great insurance, worldwide lounge access, numerous credits, and earns points that you can transfer to many travel partners. *All information about The Platinum Card® has been collected independently by Daily Drop.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

American Express Cobalt® Card

CURRENT OFFER

15,000

Bonus Points

Earn 1,250 Membership Rewards points for every month you spend $750 (for the first 12 months).

REWARDS RATE
ANNUAL FEE
Our Score
Annual fee (20%)
Welcome Offer (20%)
Point Redemption Value (20%)
Rewards Rates (15%)
Benefits (15%)
Travel Protections (10%)
Our Mission
Our Methodology

My Take

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Pros & Cons

Pros

Cons

Rewards Summary

  • 5X points per $1 on dining and food delivery
  • 3X points per $1 on streaming services
  • 2X points per $1 on travel
  • 1x points per $1 on everything else

Additional Benefits

  • Transfer your points to airline and hotel partners
  • Amex offers for various merchants
  • Monthly fee instead of annual fee

Customer Reviews & Redemptions

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How to make the most of your

American Express Cobalt® Card

Transfer Partners

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TRANSFER RATIO
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Our Favorite Redemptions

Offer History

OFFER DATES
OFFER DETAILS
November 2020
through
Mar 2021
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
March 2021
through
Jun 2021
Earn 80,000 bonus points after spending $4,000 in the first three months of account opening. Plus, earn a $50 statement credit on grocery store purchases.
June 2021
through
Oct 2021
Earn 100,000 bonus points after spending $4,000 in the first three months of account opening.
October 2021
through
Apr 2022
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
April 2022
through
May 2022
Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
June 2022
through
Mar 2023
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening.
April 2023
through
May 2023
Earn 80,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
May 2023
through
May 2024
Earn 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
May 2024
through
Jun 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

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American Express Cobalt® Card

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