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Card Details

Bank Name: Amex Bank of Canada
Network Type: Amex
Card Type: Personal

Fees

Annual Fee: $120
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Poor / No Credit
Fair / Average
Good / Excellent

American Express Cobalt™ Card

Welcome Bonus: Up to 30,000 points in a year*
Apply Now On Bank's Secure Website
 
American Express Cobalt™ Card snapshot

American Express Cobalt™ Card review


In your first year as a new Cobalt Cardmember, 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

30,000 points is enough for:

  • An eligible short-haul flight using the Fixed Points Travel Program, or
  • $300 in statement credits redeemed towards travel purchases charged to your Card or
  • $300 worth of tickets on Ticketmaster.ca
  • 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
  • Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
  • 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

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

American Express Cobalt™ Card Rewards
American Express Cobalt™ Card Features
Priority airport services
No
Airport lounge access
No
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
Yes
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
American Express Cobalt™ Card User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

 

Advantages:

Entertainment Access

It opens the door to memorable experiences we think you'll love!

  • Front Of The Line® Advance Access
  • Front Of The Line® Reserved Tickets
  • Front Of The Line® E-Updates
  • Special Offers & Experiences for all Cardmembers
  • Special Access for all Cardmembers

Travel

The Hotel Collection from American Express

  • American Express CobaltTM cardmembers will receive access to the following benefits at over 600 participating hotels and resorts in over 30 countries worldwide, when booking a minimum of two consecutive nights online with American Express Travel using their Basic American Express® Card

  • Up to a $100 USD hotel credit on qualifying hotel amenities charged to the room, such as dining, spa, golf or other hotel facilities. It cannot be used against the room rate, taxes, or any fees. Other restrictions may also apply depending on the property.
  • Complimentary room upgrade at check-in, when available.
 

Editor`s Review:

The American Express CobaltTM  Card started out as a credit card designed for millennials and young professionals. Today, it’s one of the most flexible and versatile credit cards out there. In fact, it’s now commonly used by people from all walks of life because of the lucrative benefits.

 

One reason the American Express CobaltTM Card is so popular is because of the quick rewards that come with it. Points can be earned on everyday purchases which is what makes the earnings accumulate so rapidly. On food and drinks, such as grocery, restaurant, food delivery, bar and cafe purchases, cardholders earn five points per dollar spent.

 

On transit and travel, cardholders earn two points per dollar spent. These rewards are not limited to vacation only, cardholders will earn points when they spend on public transit, taxis and Ubers too. All other purchases earn one point per dollar spent. As you can see, no matter what your lifestyle is, you’ll quickly rack up points!

 

Points can be redeemed to cover the cost of flights and accommodation with 1,000 points being equivalent to $10. Flights don’t have any blackout dates and you can choose any airline you’d like. In addition, the points can be used to cover fees and taxes. If you don’t have an upcoming trip, you can also spend your points on events through Ticketmaster at a rate of 2,000 points to $20. As you probably noticed, the rate of return is the same when you spend on travel and events which is fantastic! For less bang for your buck, you can also use your points for gift cards or merchandise purchases.

 

Cardholders benefit from travel insurance as well. The insurance covers things like travel accidents, car rental insurance, medical emergencies, flight interruption or delay among others. Last but not least, cardholders gain access to American Express Invites which are limited offer, exclusive events.

 

All of these benefits sound amazing but there’s a cost for all the wonderful benefits. There’s a monthly fee of $10, which works out to be $120 per year. The monthly payment makes it easy for most to manage. Also, you need to make between $60,000 and $80,000 per year and have decent credit. The only disadvantage is the cap rate on the bonus points is 30,000. Another downside to this bonus is the points can’t be redeemed in a lump sum. This means there is a delay between when you earn the points and when you can redeem them.

 

That being said, the American Express CobaltTM Card is still an excellent option for those who travel a lot and make lots of eligible purchases.

If everything about this card sounds good to you, sign up today and receive an extra 2,500 points each month you spend $500 or more, an achievable spending rate for most!

Apply Now On Bank's Secure Website

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