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American Express CobaltTM Credit Card

American Express CobaltTM Credit Card

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

Annual Fee Interest Rate Balance Transfer Cash Advance Credit Score Fair: -- I've had a credit card, or loan for 1+ years. For the last 2+ years I've paid back debts to creditors (with no defaults). I haven't missed more than two payments on my credit in the last three months. Rewards Are all rewards created equal? From points, to miles, to cash back – how do you know how much you’re really getting? To help you find the best rewards card, we’ve created the Your Reward Return, an estimate on the dollar value of your rewards based on your monthly spend so that you can compare like for like. Now that’s wise thinking!
$120.00 *$10 per month of Cardmembership 19.99% *19.99% on purchases - *N/A 21.99% *21.99% on funds advances Fair 5.00% *maximum
  • Card Details Details
  • Our Review Review

Card Details

  • 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 5x the points on eligible eats and drinks in Canada, including groceries and food delivery

  • 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

RateSupermarket.ca's Review

The American Express Cobalt™ Credit Card comes with more advantages than disadvantages, to say the least. This card is ideal for the younger, city dwelling professional, boasting five times the rewards points for purchases at eligible restaurants and bars1, plus a rare bonus of two times the rewards points for transit purchases. The annual fee is payable in monthly increments, which makes budgeting easier too! Also, you can receive an impressive 2,500 bonus points a month for the first year, provided you spend at least $500 a month (there are almost no restrictions on eligible purchases, so this is an attainable target).2

Redeeming your points for things you actually want is very easy with this card. You can splurge on travel rewards or concert tickets, or simply put your points towards some retail therapy. Factor in extensive shopping and travel insurance coverage, and the American Express Cobalt™ Credit Card becomes an extremely desirable addition to any wallet.

Earning Potential: $1,298.20-worth of American Express Rewards points

So, how does this stack up to other rewards points credit cards? We crunched the numbers using our Best of Finance methodology to see how much you could earn over a 24-month period.

Assuming $1,600.00 is spent on the card monthly, at eligible retailers in the following categories*:

Groceries Restaurant Pharmacy Gas
$494.50 $216.08 $55.33 $134.31
Private Transport Public Transport Other Total
$476.38 $106.17 $117.23 $1600.00


Rewards earned over a 24-month period: 153,820 American Express Rewards points
Monetary worth: $1,538.20
Total (subtracting annual fee): $1,298.20

*Source: Statistics Canada

Put simply, this earning potential is hard to beat. The monthly fee looks to be a fair price for such a large return, and you are hardly restricted when it comes to redeeming points either. The 30,000-point bonus you get in the first year is already enough for a short-haul flight using the AMEX Fixed Points Travel Program.


  • The annual fee is broken down into bite-size, monthly payments of $10.
  • Earn five points for every $1 spent on card purchases at eligible restaurants, bars, grocery stores and food delivery services in Canada.1
  • Earn two points for every $1 spent on eligible transit, gas and other travel purchases. The transit rewards are unusual and a big boost to urbanites who don't necessarily own a car or drive regularly1.
  • Earn one point for every $1 spent everywhere else1. You get complete shopping flexibility!
  • In your first year, you can earn an additional 2,500 Rewards points each month, as long as you make at least $500 in net purchases. This equates to 30,000 points over the course of a year!
  • As a cardmember, you can refer a friend and earn a referral bonus of 5,000 bonus points, up to a maximum of 75,000 referral bonus points per year.
  • With an American Express Cobalt™ Card you can redeem your points towards a whole raft of things, including streaming services, movie tickets, food and drink, retail purchases, travel rewards, concerts and events on Ticketmaster, gift cards, online shopping and more.
  • No charge for additional cards.
  • Cardmembers get access to advance movie screenings, and advance ticket sales to shows, concerts and other events through Front Of The Line® by American Express Invites®8.
  • This card features a comprehensive insurance package. Coverage includes purchase protection, extended warranty and fraud protection. Travel-related insurance benefits include flight delay insurance†12, baggage delay insurance†12, hotel/motel burglary insurance†12, lost or stolen baggage insurance†12, car rental theft & damage insurance†13, and $250,000 travel accident insurance†14.


  • While you do pay for the membership monthly, the annual total comes to $120, which may be a bit steep for some people.
  • The interest rate is 19.99% for purchases and 22.99% for cash advances, but if you miss a payment, these rates increase to 23.99% and 26.99% respectively.

Rate, product information and rewards estimate are subject to change at any time and does not constitute financial advice. Please contact supplier for complete details

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