American Express Cobalt®
American Express
- 5%Cash back on eligible eats and drinks
- 3%Cash back on eligible streaming subscriptions
Earn up to 15,000 Membership Rewards® points by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card.
Earn 5 points for every $1 on eligible eats & drinks including eligible restaurants, bars, cafes, grocery stores, and food delivery in Canada, up to $2,500.
The American Express Cobalt® stands out as the top choice because it offers an exceptional rewards structure, particularly for dining and grocery purchases, making it ideal for food enthusiasts. With the ability to earn 5 points per dollar spent on eligible eats and drinks, it provides significant value for those who frequently dine out or order in.
Pros:
- High rewards on dining and groceries
- Flexible points redemption
Cons:
- Monthly fee for non-Quebec residents
- High interest rates
The American Express Cobalt® is well-suited for individuals who prioritize dining and grocery shopping in their spending habits, given its generous rewards structure and strong point earnings in these categories. However, potential users should consider the annual fee and assess whether the benefits align with their lifestyle and spending patterns.