Travel Rewards
Rewards
American Express Cobalt Card
American Express(Canada)
Current Welcome Offer
Up to 15,000 Welcome Bonus Membership Rewards points
Annual Fee
$191
Purchase APR
21.99%
Cash Adv. APR
21.99%
Welcome Bonus
~$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 5.00%
Dining & Takeout 5.00%
Gas & Transit 2.00%
Travel 1.00%
Base Rate 1.00%
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.
- Eats & Drinks (Restaurants, Food Delivery in Canada): 5X Points
- Streaming Subscriptions (in Canada): 3X Points
- Gas, Transit & Ride Share (in Canada): 2X Points
- Amex Travel Online (Hotels/Car Rentals): 1 Additional Point (2X Total)
- All Other Purchases: 1X Points
Welcome Bonus Details
Earn 5X the points on eligible eats & drinks and 3X on eligible streaming subscriptions. Fee is $15.99 monthly.
Estimated Value: $150.00
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 LineĀ® access
Common Carrier Accident Insurance
Travel Accident Insurance up to $250,000
Hotel/Motel Burglary Insurance
Hotel Burglary up to $500
Additional Perks
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Insurance Coverage
Emergency Medical Insurance
Up to $5,000,000 for the first 15 consecutive days (under age 65).
Mobile Device Insurance
Up to $1,000 for theft, loss, or accidental damage (Coverage lasts up to 2 years).
Flight and Baggage Delay
Flight/Boarding Denial (>4 hours): Up to $500. Baggage Delay (>6 hours): Up to $500.
Car Rental Theft & Damage
Coverage for MSRP up to $85,000 for rentals of 48 days or less.
Hotel Burglary & Lost Baggage
Burglary: Up to $500. Lost/Stolen Baggage: Up to $500 per trip.
Travel Accident Insurance
Up to $250,000 of Accidental Death and Dismemberment Insurance.
Purchase Protection & Buyer's Assurance
Protection for 90 days (up to $1,000). Extended warranty doubles up to one additional year.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 21.99% |
| Annual Fee | $191 |
| Income Required | No specific requirement listed. |