Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Patrick S, Rewards CanadaEver since the Cobalt Card was introduced other cards in Canada have been inching their way up to offering higher standard category bonuses however no matter what the competition has done this card still takes top spot. American Express did their research and made a card that is great for all Canadi...
- Money.caThe American Express Cobalt® Card makes up for its drawbacks (a higher annual fee than other premium cards and restrictions on insurance policies) with things like their Experience programs, partnerships with popular hotels and airlines, comprehensive insurance packages, a large sign-up bonus, and a...
- Reed Sutton, Frugal FlyerThe Amex Cobalt is arguably the best travel credit card in terms of earn rate for the restaurant and grocery category in Canada. If you have the spending habits to maximize the earning potential of 150,000 MR per year (whether organically or via creative methods), it’s a no-brainer to have the Cobal...
- Tyler Wade, ForbesThe American Express Cobalt is the best credit card for groceries in Canada, but it’s also one of the best travel credit cards and a must-have for anyone who loves to eat, drink and stay in, too. Plus, it offers incredible insurance coverage.
- PointsWiseWith a low annual fee, flexible travel rewards and bonus points earned on fun things like restaurants, food delivery, streaming services and rideshares, the Cobalt Card is everything a Card should be.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.99% |
| Balance Transfer Interest Rate |
Balance Transfers Not Allowed |
| Cash Advance Interest Rate | 21.99% |
| Rates & Fees | |
| Annual Fee |
$155.88 $12.99 per month of Cardmembership |
| Balance Transfer Fee | |
| Cash Advance Fee | $2.75 |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus |
Earn 1250 points each month you spend $750 on your first year. That's 15000 bonus points on your first year |
| Rewards | |
| All Purchases | 1 point per $1 spent |
| Restaurants |
5 points per $1 spent (on first $30000 spent) On eligible eats & drinks purchases in Canada |
| Gas | 2 points per $1 spent |
| Groceries |
5 points per $1 spent (on first $30000 spent) On eligible stand-alone grocery stores |
| Hotels | No |
| Travel |
2 points per $1 spent At bookings including air, water, rail and road transport. |
| Pharmacy | No |
| Bills | No |
| Additional Details |
Earn 3 points per $1 spent on eligible streaming subscriptions |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | No |
| No Foreign Transaction Fees | No |
| Emergency Assistance | Yes |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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