American Express Cobalt Card 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

American Express Cobalt Card4.6/5

American Express

Annual fee
CA$191.88
Rewards rate
5%-1%
Welcome Bonus
15,000 Membership Rewards points
Apply Now →on American Express's website

  • 5%Points on eats and drinks
  • 3%Points on streaming
  • 2%Points on travel/transit
  • 1%Points on other purchases

Welcome Bonus:

Earn 1,250 Membership Rewards points for each monthly billing period in which you spend $750 on your Card.

Reward Rate:

Earn 5x points on eats/drinks and 3x on streaming.

What sets the American Express Cobalt Card apart is its exceptional earning potential on everyday spending, particularly in dining and groceries, making it a favorite among foodies and frequent diners.

Pros:

  • High rewards on dining and groceries
  • Flexible redemption options

Cons:

  • Monthly fee can add up
  • Limited to certain categories for high rewards
Apply now →

The American Express Cobalt Card is particularly well-suited for individuals who frequently dine out and shop for groceries, given its high reward rates in these categories. With a moderate annual fee and a welcome bonus, it may appeal to those looking to maximize their rewards on everyday spending while benefiting from the flexibility of Membership Rewards points.

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