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)
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.
