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  • $155.88 Annual fee
  • $0 Welcome Bonus
  • 5 pts Every $1 Spent

American Express Cobalt Card Overview

The American Express Cobalt card boasts 5 times the points for every $1 spent on groceries, food delivery, and eligible restaurants. You can access top-tier rewards and exclusive offers for $12.99 per month (or $159 per year).

New Cobalt cardmembers can earn up to 50,000 points in their first year. These points have a value of $1,000.

Besides offering a great welcome bonus, the Amex Cobalt Card has one of the best reward structures on the market. You can redeem points towards eligible card purchases, such as:

  • Statement credits
  • Travel
  • Flights through the Fixed Points Travel Program
  • Retail purchases
  • Movie tickets
  • Streaming services
  • Purchases at
  • Events

Your card will also come with insurance. You will also receive benefits such as access to Front Of The Line® Pre-sale & Reserved Tickets with American Express. And purchase protection and an extended warranty.

Essential Information


American Express


American Express

Card Type


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With the American Express Cobalt Card, you will earn a sizable welcome bonus and points on everyday purchases.

Welcome Bonus

As a new cardholder, you will earn:

  • 2,500 points every month when you spend $500 in the first year.
  • 20,000 points when you spend $3,000 in the first three months


Your day-to-day spending earns you points on top of the 50,000 welcome bonus. This is what you’ll be earning:

  • 5x points per $1 spent on food and drinks from eligible restaurants and food delivery services in Canada
  • 3x points per $1 spent on streaming services
  • 2x points per $1 spent on travel, gas, and transit
  • 1x points per $1 spent on all other purchases
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Travel Insurance

  • Out of province/country emergency medical insurance – up to 5 million for eligible medical expenses for persons under 65 years of age
  • Flight delay insurance – up to $500 coverage for accommodation, meals, and miscellaneous items
  • Baggage delay insurance – up to $500 for emergency clothing and sundry item purchases
  • Lost and stolen baggage insurance – up to $500 per trip for all insured persons
  • Hotel burglary insurance – up to $500 coverage if your accommodation is burglarized
  • Travel accident insurance – up to $250,000 of accidental death and dismemberment insurance
  • Car rental theft and damage insurance – damage, theft, and loss for rentals of 48 days or less with an MSRP of up to $85,000.

Other Perks

  • Earn 1 additional point on eligible hotel or car rental bookings made with Amex Travel Online.
  • Receive a referral bonus of up to 75,000 Membership Rewards points annually for approved referrals.
  • One-for-one points transfer to frequent-flyer and other loyalty programs.
  • Access to Front Of The Line® Presale & Reserved Tickets with American Express® Experiences.
  • Mobile device insurance for up to $1,000 per insured person for an eligible mobile device purchased with your card.
  • Purchase protection for 90 days for up to $1000.
  • Buyer’s assurance protection with up to one extra year of extended warranty.
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Costs and Fees

  • Annual Fee: $155.88 ($12.99 per month)
  • The annual fee for additional cardholders: $0
  • Annual Interest Rate: 20.99%
  • Funds advance: 21.99%

FAQs about the
American Express Cobalt Card

Who’s the American Express Cobalt Card For?

The American Express Cobalt card is the right match for you if:

  • You want the highest earning rates on select spending categories
  • You regularly purchase food and drinks from grocery stores or restaurants
  • You travel often or use ride shares frequently
  • You collect Aeroplan and/or British Airways Avios points

Who’s Eligible for the American Express Cobalt Card?

To be approved for the American Express Cobalt Card, you must:

  • Be a Canadian Resident
  • Be the age of majority in your province
  • Have a fair to good credit score (660 - 724)
There are no minimum personal or domestic income requirements.

When Does the Welcome Bonus Expire?

When the welcome offer ends is at the discretion of American Express. It’s subject to change at any time without notice.

What Rewards Can I Earn With the American Express Cobalt Card?

The American Express Cobalt Card earns you:

  • 5x points per $1 spent on food and drinks, including grocery and restaurant purchases
  • 3x points per $1 spent on streaming subscriptions
  • 2x points per $1 spent on gas, travel, and transit
  • 1x points per $1 spent on all other purchases

How Much Will It Cost Me Annually for the American Express Cobalt Card?

Given the monthly fee of $12.99, you will pay $155.88 per year.

Can I Transfer the Points I Earn With My American Express Cobalt Card to Another Card?

Absolutely. Points earned with the American Express Cobalt Card can be transferred to Hilton Honors at a 1:1 ratio. They can also be transferred to Marriott Bonvoy at a 5:6 ratio.

Is the American Express Cobalt Card Accepted Everywhere?

The American Express Cobalt card is not as widely accepted as Mastercard or Visa credit cards. However, you can get a lot of use from it anywhere except at Loblaws and Costco stores.

General Terms

View all Cardmember Agreements here.

American Express Cobalt Card Details

American Express
Network Provider
American Express
Card Type
Rewards Type
Annual Fee
Purchase Interest Rate
Cash Advance Rate
Credit Needed
Fair (560 - 659)

American Express Cobalt Card Offices

Phone Number
Mon – Fri, 8:00 a.m. – 8:00 p.m. ET
2225 Sheppard Avenue East North York ON M2J 5C2 Canada
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American Express Cobalt Card Card Details
  • Min. Credit :
    Fair (560 - 659)
  • Card Type : Rewards
  • Reward Type : Points
  • Providers : American Express
  • Network Provider : American Express
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