American Express Cobalt Card
American Express
- 5%Points for every $1 on eligible eats & drinks
- 3%Points for every $1 on eligible streaming services
- 1%Points for every $1 on all other purchases
New cardmembers can earn up to 15,000 bonus points in their first year. You get 1,250 points for each monthly billing period where you make at least $750 in net purchases.
The American Express Cobalt Card earns highly valuable Membership Rewards points, featuring an accelerated earning tier of 5 points for every $1 on eligible eats and drinks.
What sets the American Express Cobalt Card apart is its exceptional earning potential on dining and groceries, making it one of Canada's top travel rewards cards. The flexibility in redeeming points for travel or statement credits adds to its appeal.
Pros:
- High rewards on dining and groceries
- Flexible point transfers to travel partners
Cons:
- Monthly fee can add up
- Not ideal for low spenders
The American Express Cobalt Card is particularly suitable for individuals who frequently dine out or purchase groceries, as it offers a high rewards rate in these categories. With its annual fee and strong earning potential, it is a compelling option for those looking to maximize travel rewards through everyday spending.