American Express Cobalt Card
Last updated:
$156/year
Earn up to 30,000 Membership Rewards points
Earn 2,500 bonus points monthly for the first 12 months when you spend $500/month.
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Key Details
Annual Fee
$156
Network
amex
Credit Required
good, excellent
Reward Type
travel, points
Rewards Earn Rates
5x
Groceries
2x
Gas
5x
Dining
2x
Travel
1x
Everything Else
Highlights
- $12.99/month ($155.88/year)
- 5x points on dining and food delivery
- 3x points on streaming and transit
- 2x points on travel and gas
- 1x point on everything else
Pros & Cons
Pros
- + Industry-leading 5x on dining and food delivery
- + Monthly fee structure is easier to manage
- + Amex Membership Rewards points are very flexible
- + Transfer points to airline and hotel partners
Cons
- – Annual fee of ~$156
- – Amex not accepted everywhere in Canada
- – No airport lounge access
- – Foreign transaction fees apply
Who Is This Card For?
The American Express Cobalt Card is best suited for Canadians who prioritize dining, groceries, travel spending. At $156/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Extended Warranty
Purchase Protection
90 days
Insurance Coverage Details
Ways to Reduce the Annual Fee
- Monthly billing ($12.99/mo) is easier to manage than annual lump sums
- Call Amex retention around month 11 to ask for statement credits or bonus points
- Watch for targeted in-app offers that effectively reduce cost
Multi-Card Strategy
Must pair with a Visa or Mastercard since Amex acceptance is limited in Canada (~80%). Great for dining/groceries; use a no-fee MC/Visa for everything else and Costco.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.