American Express Cobalt Card
American Express
Annual fee
CA$191.88
Rewards rate
5%-1%
Welcome Bonus
CA$1,500
Apply Now →on American Express's website
- 5%Membership Rewards points on groceries and dining
- 2%Membership Rewards points on other categories
- 1%Membership Rewards points on all other purchases
Welcome Bonus:
Earn 1,250 Membership Rewards points for each month you spend CA$750 in the first 12 months.
Reward Rate:
Earn up to 5x Membership Rewards points on eligible everyday spending categories.
The American Express Cobalt Card is the best option for those who want to maximize their everyday spending rewards, offering an impressive 5x points on dining and groceries, making it a top choice for food lovers.
Pros:
- High earning potential on everyday spending
- Flexible redemption options
Cons:
- High annual fee
- Requires monthly spending to maximize rewards
The American Express Cobalt Card is particularly well-suited for individuals who frequently spend on dining and groceries, given its strong reward structure of 5x points in these categories. However, potential applicants should consider the annual fee and their spending habits to determine if the card aligns with their financial goals.