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The American Express Cobalt Card enjoys a good reputation in Canada as a rewards card that can earn 5x more points when used for food. If you’re a foodie and a casual traveller, this is the card for you. Earn 5x points in grocery stores, restaurants, and food delivery services. DoorDash, Skip the Dishes, Uber Eats.
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Earn up to 5x points
Here’s how you’ll earn points:
If you spend $500 per month on food, you’ll earn $25 back in Amex points. This adds up to $300 extra annually for groceries.
In the first year, new cardmembers are eligible to earn up 15,000 points. By spending $750 per month, you’ll earn 1,250 points per billing cycle. That’s a cash value of $150, nearly offsetting the annual fee for your first year.
You can redeem your points in many different ways.
One of the biggest benefits of having a Cobalt Card is that you can redeem your points in a variety of ways. Here are the different ways you can redeem your points with Amex.
Transfer your Amex membership rewards (MR) to your favorite loyalty programs maximum valueTake advantage of opportunities for promotions and to earn status.
To redeem your Cobalt point for a statement credits, simply login to Amex Online Services Account and select the card purchases for which you’d like to redeem points for. Your account will receive a statement credit within 48 hours. Amex points have a value of $0.01, so 10,000 points equals $100.
The perfect redemption for those who want to keep it simple. Round-trip tickets start at just 15,000 Amex Points.
Choose a flight category—Canada/U.S., Europe, or Worldwide—to see the fixed points required for a maximum base ticket, making last-minute bookings easy.
Fixed Points Travel Program offers Economy and Business classes.
Pay with Amex Points or a combination of Amex Points and Cash when you book your next hotel, flight, or car rental through American Express Travel.
Caution!To earn loyalty status, book directly with your preferred hotel or airline. Use points to pay your credit card bill. American Express Travel is a third-party, so you may not be eligible for all the benefits offered by loyalty programs.
You can pay with points by linking your Membership Rewards account with your Amazon.ca account. Select your American Express Card linked to your account as your payment method.
Caution! Avoid redeeming your points through the “Amazon Shop with Points“, Gift Card, MerchandiseMethods that value points at a much lower rate than the standard 1 cent for each point when redeeming them for a credit report.
To redeem points for Amazon, you can purchase an Amazon giftcard at a grocery to earn 5x points. Then, redeem the points as a credit on your statement.
The Cobalt Card comes with travel insurance
Emergency Medical InsuranceCoverage for unexpected medical expenses.
Travel Accident Insurance:Protection against accidents while traveling
Baggage and Flight Delay insurance:Reimbursement of delays and lost baggage
Car Rental InsuranceRenter’s insurance provides coverage for damage or theft to rented vehicles.
Hotel/Motel Burglary Coverage:Coverage for thefts from hotel rooms.
Exclusive Perks
As a Cobalt cardmember, you’ll enjoy:
American Express Invites You:Access to special events and dining experiences.
No. The Amex Cobalt Card does not include airport lounge access.
Consider these Cards for lounge access instead:
Conclusion: Is Amex Cobalt Card right for you?
The Amex Cobalt credit card is distinguished by its high rewards potential as well as flexible redemption options.
However, it’s important to consider Amex acceptance rates at stores you shop at most, and the 2.5% foreign transaction fee.
The Cobalt card is not primarily designed as a travel rewards program, but it can be useful for casual travelers, since you can transfer points to Aeroplan and other airline and hotel programs, such as Delta, Marriott and Hilton.
Bottom line: if you spend more than $500 – $750 per month on food and gasoline, the Cobalt credit card is a good choice. net winAfter the annual charge of $155.88 (12.99 billed monthly).
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