American Express Cobalt™ review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
-
Rewards
1 - 5 points
Signup Bonus
-


10/10
Informr score
The American Express Cobalt™ currently has an Informr score of 10 out of 10. This score is based on our evaluation of 10 sources including reviews from users and the web's most trusted critics.

Am I eligible?


American Express Cobalt™ is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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...


One Mile at a Time

Overall, the Amex Cobalt Card strikes as an excellent gateway into the Amex brand, combining plenty of opportunities to earn reward points, broad reward options, and all the features and protections you’ve come to expect from Amex, plus some perks aimed at millennial interests.

- Kate, One Mile at a Time
GreedyRates.ca

The American Express Cobalt Card is tailored to foodies and travel enthusiasts. Canadians can earn accelerated points from both dining out and cooking at home, and can then redeem those points on their next vacation. That, combined with the ability to earn up to 30,000 bonus points and a broad redem...

- GreedyRates.ca
Money We Have

It’s easily one of the best travel credit cards in Canada when you take advantage of their hotel transfer partners and the Fixed Points Travel Program. If you spend a lot on food and eats, then you need to apply for this card now.

- Barry Choi, Money We Have
LowestRates.ca

With the Cobalt card, American Express has released a fantastic rewards card for urbanites who spend a lot of money on drinking, dining, and getting around. With rewards earnings of 2% to 5% on a vast majority of your spending, it has one of the best rewards rates on the market and a solid perks pro...

- Dominic Licorish, LowestRates.ca
Miles Collection

This is definitely an incredible card that will bring you lots of points if you are a foodie, a travel hacker, or if you are a house wife/husband. I would say applying for this card and keeping it for at least a year is a no brainer choice.

- THE PH.D GUY, Miles Collection

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $120.00

$10 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 2500 points each month you spend $500 on your first year. That's 30000 bonus points on your first year.

Rewards
All Purchases 1 point per $1 spent
Restaurants 5 points per $1 spent (on first $30000 spent)

At eligible restaurants, bars, cafés, and even food delivery in Canada.

Gas 2 points per $1 spent
Groceries 5 points per $1 spent (on first $30000 spent)
Hotels 2 points per $1 spent
Travel 2 points per $1 spent

At bookings including air, water, rail and road transport.

Pharmacy No
Bills No
Additional Details


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
Additional Benefits
  • American Express Invites
  • Up to a $100 USD hotel credit on qualifying hotel amenities charged to the room, such as dining, spa, golf or other hotel facilities.
  • Complimentary room upgrade at check-in, when available.
  • Flight Delay Insurance
  • Baggage Delay Insurance
  • Hotel/Motel Burglary Insurance
  • Lost or Stolen Baggage Insurance
  • Emergency Card Replacement
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
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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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Critic Reviews


One Mile at a Time

A card everyone should consider

from One Mile at a Time

Overall, the Amex Cobalt Card strikes as an excellent gateway into the Amex brand, combining plenty of opportunities to earn reward points, broad reward options, and all the features and protections you’ve come to expect from Amex, plus some perks aimed at millennial interests.

Read full review

Overall, the Amex Cobalt Card strikes as an excellent gateway into the Amex brand, combining plenty of opportunities to earn reward points, broad reward options, and all the features and protections you’ve come to expect from Amex, plus some perks aimed at millennial interests.

Read full review

Less

GreedyRates.ca

A lucrative opportunity for Canadians who love dining and travel

GreedyRates.ca

The American Express Cobalt Card is tailored to foodies and travel enthusiasts. Canadians can earn accelerated points from both dining out and cooking at home, and can then redeem those points on their next vacation. That, combined with the ability to earn up to 30,000 bonus points and a b...More

The American Express Cobalt Card is tailored to foodies and travel enthusiasts. Canadians can earn accelerated points from both dining out and cooking at home, and can then redeem those points on their next vacation. That, combined with the ability to earn up to 30,000 bonus points and a broad redemption structure, make the card really stand out in the rewards category.

Read full review

Less

Money We Have

One of the best travel credit cards in Canada

from Money We Have

It’s easily one of the best travel credit cards in Canada when you take advantage of their hotel transfer partners and the Fixed Points Travel Program. If you spend a lot on food and eats, then you need to apply for this card now.

Read full review

It’s easily one of the best travel credit cards in Canada when you take advantage of their hotel transfer partners and the Fixed Points Travel Program. If you spend a lot on food and eats, then you need to apply for this card now.

Read full review

Less

LowestRates.ca

One of the best daily spending credit cards

from LowestRates.ca

With the Cobalt card, American Express has released a fantastic rewards card for urbanites who spend a lot of money on drinking, dining, and getting around. With rewards earnings of 2% to 5% on a vast majority of your spending, it has one of the best rewards rates on the market and a solid perks program that justify its monthly fee.

Read full review

With the Cobalt card, American Express has released a fantastic rewards card for urbanites who spend a lot of money on drinking, dining, and getting around. With rewards earnings of 2% to 5% on a vast majority of your spending, it has one of the best rewards rates on the market and a solid perks program that justify its monthly fee.

Read full review

Less

Miles Collection

Incredible card for Canadians

from Miles Collection

This is definitely an incredible card that will bring you lots of points if you are a foodie, a travel hacker, or if you are a house wife/husband. I would say applying for this card and keeping it for at least a year is a no brainer choice.

Read full review

This is definitely an incredible card that will bring you lots of points if you are a foodie, a travel hacker, or if you are a house wife/husband. I would say applying for this card and keeping it for at least a year is a no brainer choice.

Read full review

Less

Canadian Kilometers

Takes rewards to a new level

Canadian Kilometers

This card has the best bonus categories all-around, and the monthly fee of $10 is very innovative. It’s bold for a credit card issuer to go back to the drawing board and create such a stunning new product.

Read full review

This card has the best bonus categories all-around, and the monthly fee of $10 is very innovative. It’s bold for a credit card issuer to go back to the drawing board and create such a stunning new product.

Read full review

Less

Ratehub.ca

Flexibility in the dining and travel categories are interpreted

from Ratehub.ca

This is a strong rewards card for people who want flexibility in how they’re rewarded for eating out and getting around. The rolling bonus structure, all-inclusive spending categories, and points redemption structure make this card stand out in the rewards arena.

Read full review

This is a strong rewards card for people who want flexibility in how they’re rewarded for eating out and getting around. The rolling bonus structure, all-inclusive spending categories, and points redemption structure make this card stand out in the rewards arena.

Read full review

Less

PointsWise

Incredible earning rates

from PointsWise

Amex has shown some innovation with this new product, and it’s clear the card is being geared towards millennials. Admittedly, I was more excited about this card before I read the fine print. Don’t get me wrong, there is still some serious potential in this card, but it’s not quite as great as it could be.

Read full review

Amex has shown some innovation with this new product, and it’s clear the card is being geared towards millennials. Admittedly, I was more excited about this card before I read the fine print. Don’t get me wrong, there is still some serious potential in this card, but it’s not quite as great as it could be.

Read full review

Less

Rewards Canada

Best for who travel lots or takes transit on a regular basis

Rewards Canada

Credit cards in Canada have been inching their way up to offering higher standard category bonuses and this card takes that to a level by a whole percent over its competition. American Express has done their research and made a card that is great for the next generation.

Read full review

Credit cards in Canada have been inching their way up to offering higher standard category bonuses and this card takes that to a level by a whole percent over its competition. American Express has done their research and made a card that is great for the next generation.

Read full review

Less

creditcardGenius

The highest earn rate on both groceries and restaurants of any card in Canada

creditcardGenius

With 5x the rewards at grocery stores, restaurants, and bars, the NEW American Express Cobalt Card is the perfect credit card not just for millennials.

Read full review

With 5x the rewards at grocery stores, restaurants, and bars, the NEW American Express Cobalt Card is the perfect credit card not just for millennials.

Read full review

Less

User Reviews


Darn, there are no reviews yet for this credit card. Be the first to write a review.