Travel Rewards
Rewards
American Express Cobalt Card
American Express(Canada)
Welcome Bonus:
Up to 15,000 Welcome Bonus Membership Rewards points
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 APR | 21.99% |
|---|---|
| Cash Advance APR | 21.99% |
| Annual Fee | $191.88 |
| Grace Period | 21 days |
| Income Required | No specific requirement listed. |
| Recommended Credit Score | — |
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Filed Under
Travel Rewards
Rewards
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