Are you ready to elevate your lifestyle and reap incredible rewards along the way? Look no further than the American Express Cobalt Card. Designed for those who want to live life to the fullest, this card offers a unique blend of benefits, perks, and earning potential that makes it stand out in the crowded credit card market.
Key Information about the American Express Cobalt Card
Card Type and Fees
- Card type: Credit Card
- Annual fee: No annual fee for additional cards2; Monthly Fee of $12.99 (Equivalent to $155.88 per year of Cardmembership)
- Annual interest rate: 20.99% on purchases and 21.99% on funds advances*
How You Earn Points
- 5X points: On eats & drinks, including eligible restaurants or food delivery in Canada
- 3X points: On streaming subscriptions, for eligible streaming subscriptions in Canada
- 2X points: On travel & transit, from eligible ride shares in Canada to a weekend getaway
- 1X points: On everything else, from online shopping, and more
- 1 Additional point: On Amex Travel Online, for eligible hotel or car rental bookings
Featured Benefits
- Front of the line®: Enjoy access to Front Of The Line® presale and reserved tickets for concerts, theatre productions, and other special events with American Express Experiences.
- The hotel collection: Special benefits when you stay 2 or more consecutive nights at participating properties with The Hotel Collection from American Express Travel.
- Member extras: Unlock additional value from top brands with Member extras.
Cobalt Perks Program
- Every point counts with Amex: Get more out of life and earn rewards along the way with the Membership Rewards® program.
- Perks just for you: Do more of what you love with the Cobalt Perks program.
- Exclusive offers with American Express: Explore offers for shopping, dining, travel, and more − from brands you love.
Borrowing Options
- Plan It™ – The American Express® Installment Program: Use Plan ItTM to gain flexibility and control. Divide significant purchases into fixed monthly fees, with no extra credit checks or applications, and monthly installments with no interest. As usual, earn incentives. Learn more at amex.ca/installments
Qualification Requirements
To save time, make sure you can say yes to all of the following before applying for the American Express Cobalt® Card:
- You are a Canadian resident and have a Canadian credit file
- You are of the age of majority in the province or territory where you live
Is the American Express Cobalt Card worth it?
Earning Rewards
The Cobalt Card offers an unparalleled rewards structure, with up to 15,000 Membership Rewards® points in your first year based on your monthly spending. The 5X points on eats & drinks, 3X points on streaming subscriptions, and 2X points on travel & transit make it a perfect fit for those who spend in these categories.
Redeeming Rewards
The Membership Rewards program provides flexibility in redeeming points. Transfer them to Aeroplan, British Airways Avios, or other global frequent flyer programs at favorable ratios. Additionally, redeem points directly for flights, although using the Fixed Points Travel reward chart is recommended for maximum value.
Insurance Coverage
The Cobalt Card covers major categories like emergency medical insurance, lost baggage insurance, and car rental insurance. It also offers Purchase Security and Extended Warranty Protection, enhancing the overall value of the card.
Historical Offers
With an easy approval process and no minimum income requirement, the Cobalt Card has become a favorite among Canadians. The current offer includes a generous signup bonus of up to 15,000 MR points in the first year.
In conclusion, the American Express Cobalt Card is more than just a credit card; it’s a lifestyle enhancer. Whether you’re a foodie, a frequent traveler, or someone who values flexible rewards, this card deserves a spot in your wallet. Apply now and experience the world of rewards that awaits you.
Subject to approval. The recommended rate is 21.99% for fund advances and 20.99% for purchases. If you have two distinct overdue payments, your account will be subject to a rate of 25.99%. If you have three or more individual overdue payments, 28.99% will be the relevant rate.
For further information, including the meaning of “missed payment” and the charges that apply to modifications to your account, see the Information box that comes with the application.
*Current or former Cardmembers with this Card are not eligible. Other terms apply.
