American Express Cobalt Card
Travel Rewards Rewards

American Express Cobalt Card

American Express(Canada) American Express(Canada)
Welcome Bonus: Up to 15,000 Welcome Bonus Membership Rewards points
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Secure RateBuddy connection · Application completed on American Express(Canada)’s site
Annual Fee $191.88
Purchase APR 21.99%
Cash Advance 21.99%
Bonus Value $150

RateBuddy Verdict

The Good
  • The 5X points multiplier on food and drinks (including groceries and food delivery) is the highest in Canada.
  • Highly flexible points that can be transferred 1:1 to major frequent flyer programs like Aeroplan.
  • Includes a comprehensive insurance package for a mid-tier card, including $5 million in travel medical and mobile device coverage.
The Trade-offs
  • The annual fee is structured as a monthly charge of $15.99, which some users may find less convenient than a single yearly fee.
  • Points earned in the 5X category are capped at $30,000 in annual spending.

Rewards & Earnings

Groceries 5%
Dining 5%
Gas 2%
Travel 1%
Recurring Bills 3%
Base Rate 1%
Rewards Summary: Earn 5X points on eats and drinks; 3X points on streaming subscriptions; 2X points on gas, transit, and ride shares; 1X points on everything else.

Welcome Bonus Details

Earn 5X the points on eligible eats & drinks and 3X on eligible streaming subscriptions. Fee is $15.99 monthly.

Estimated Value: $150

Features & Benefits

Travel Medical Insurance
Up to $5,000,000 for 15 days (under 65)
Mobile Device Insurance
Mobile Device Insurance up to $1,000
Car Rental Collision/Loss Damage Waiver
Coverage for vehicles up to $85,000 MSRP
Extended Warranty Insurance
Buyer's Assurance extends warranty 1 year
Purchase Security Insurance
Purchase Protection for 90 days
Flight Delay Insurance
Flight delay up to $500
Baggage Delay/Loss Insurance
Baggage delay up to $500
Hotel Status Benefits
The Hotel Collection benefits
Special Event Access (e.g., Front Of The Line)
Front Of The Line® access
Common Carrier Accident Insurance
Travel Accident Insurance up to $250,000
Hotel/Motel Burglary Insurance
Hotel Burglary up to $500

Insurance Coverage

Comprehensive suite: Emergency Medical ($5M, 15 days), Flight/Baggage Delay, Car Rental Theft/Damage, Mobile Device Insurance ($1,000), and standard Shopping protections.

Rates, Fees & Eligibility

Purchase APR21.99%
Cash Advance APR21.99%
Annual Fee$191.88
Grace Period21 days
Income Required No specific requirement listed.
Recommended Credit Score—

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Filed Under

Travel Rewards Rewards
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