American Express Cobalt Card
Earn up to 15,000 Membership Rewards points
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases on your Card.Earn up to 15,000 Membership Rewards points in your first year as a new Cobalt Cardmember,
Eligibility Requirements
Current or former Cardmembers with this Card are not eligible for this offer
✨Key Card Features
- Earn 5x the points for every $1 in Card purchases at eligible restaurants
- bars
- cafes
- and even food delivery in Canada.Earn 3x the points for every $1 spent on eligible streaming subscriptions in Canada.Earn 2x the points for every $1 spent on eligible gas
- transit & ride share in Canada.Earn 1x point on every $1 in Card purchases on everything else.
🏆Rewards Program
AMEX Membership Rewards
Earn rewards on every purchase with the AMEX Membership Rewards program. Redeem for travel, merchandise, gift cards, or statement credits.
Video Review
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Watch our detailed video review for the full breakdown and honest opinions
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Be a Canadian resident and have a Canadian credit file.Be the age of majority in your province or territory of residence.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want AMEX Membership Rewards rewards
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You want a no-annual-fee card
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +Generous welcome bonus: Earn up to 15,000 Membership Rewards points
- +AMEX Membership Rewards rewards program
- +Free additional cards
Cons
- −High annual fee ($155.88)
- −High interest rate (21.99%)
🏆Our Verdict
The American Express Cobalt Card offers a balanced mix of rewards and benefits for the $155.88 annual fee. The welcome bonus helps justify the first-year cost. Consider your spending habits to determine if this card aligns with your financial goals.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the American Express Cobalt Card?
The American Express Cobalt Card has an annual fee of $155.88. $12.99 per month or $155.88 per year.
What are the interest rates for the American Express Cobalt Card?
The purchase interest rate is 21.99% and the cash advance rate is 21.99%.
Who can apply for the American Express Cobalt Card?
Be a Canadian resident and have a Canadian credit file.Be the age of majority in your province or territory of residence.
What welcome bonus does the American Express Cobalt Card offer?
Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 in purchases on your Card.Earn up to 15,000 Membership Rewards points in your first year as a new Cobalt Cardmember,
Is the American Express Cobalt Card worth it?
The American Express Cobalt Card is worth considering if you can maximize its rewards. The welcome bonus of Earn up to 15,000 Membership Rewards points adds significant value. The AMEX Membership Rewards program offers flexibility for redemptions.
