• Canadian Travel

Amex Cobalt Reward Points

leafs February 7, 2024 0

Advertisement: Click here to learn how to Generate Art From Text

Introduction

Are you ready for the challenge? The Amex Cobalt Card turns your grocery shopping into a point-earning experience.

Here are six different ways to earn Amex Cobalt rewards.

You can also click on the links below to find detailed articles on how you can earn points with your Amex Cobalt Card.

Apply Now

Amex Cobalt Welcome bonus

Amex Cobalt Welcome bonus

• You can earn up 15,000 Membership Reward points in the first calendar year. That’s $150 in cash value you can use towards purchases with a statement credit. Transfer your points to airline programs for a greater redemption.
• When you spend $750 per month on your Cobalt Card, you will receive 1,250 points.
• The annual fee is $155.88 and it is charged monthly at $12.99.

Conditions to Earn the Welcome Bonus

• Only new Amex Cobalt Cardmembers are eligible.
• To receive the maximum welcome bonus, you must spend a minimum of $750 per month.

Tips to Maximize the Bonus

• Be on the lookout for possible devaluations and expect higher bonuses following dips. Align your card application to higher bonus offers. PointsWise.
• Historical trends show the highest bonus points are earned in January and august.
• Consider adding a second Cardmember in order to reach your minimum spend faster without incurring an additional fee.

Learn More How to Earn the Amex Cobalt welcome bonus

Earn 5x points for Food and Drinks

Earning Structure

• Spend $1 on food and drink to earn 5x the points.
• You’ll earn up to 150,000 points per year by reaching the spend limit for the food and drinks category.
• $5 x 5 = $12,500/month. 12,500 points x 12 = 150.000 points per year.

Use your Amex Cobalt card to earn 5x points

The following establishments are eligible for 5x points:

• Restaurants, coffee shops and drinking establishments.
• Stand-alone supermarkets. This refers to a dedicated grocery store.
• Food and grocery delivery services such as DoorDashThe following are some examples of how to get started: Instacart.

Limit of 5x Points

• The monthly limit is $2,500 (as at August 2023). The monthly spending cap resets at the beginning of each month. After reaching the spend limit, you’ll earn 1 point for every dollar spent.
• Costco and Walmart do not qualify as 5x points stores. Walmart falls under this “general merchandise”Costco does currently not accept American Express.
• Superstore (Loblaws), does not accept American Express online or in-store. However, With this loopholeYou can earn bonus cash by purchasing Loblaws gift cards via Rakuten and paying with American Express.

Bonus: Earn $30 Cashback when you sign up for Rakuten.

Learn More Amex Cobalt Card: How to Earn 5x the Points on Food & Drinks

Earn 3x Points for Streaming Services

Earning Structure

• Spend $1 on eligible streaming subscriptions and earn 3x points
• Spending $100 per month on streaming services will earn you 3,600 bonus points each year. Each point is worth $1, resulting in a statement credit of $36.

Eligible streaming services for 3x points

Movies and Television Shows

• Amazon Prime
• Apple TV+
• Crave
• Disney+
• Hayu
• Netflix

Musicians

• Apple Music
• SiriusXM Canada
• Spotify

Sports

How to Earn More Points for Streaming Services

• Cobalt Card holders can earn 5x points when they purchase gift cards for streaming services from grocery stores.
• This strategy is the best way to maximize your points for services that do not appear on the official list.

Earning 3x the points

• Only eligible purchases can be made from the official streaming listYou will receive 3x points. Services that are bundled or billed by a third party are not eligible.
• There is no limit on the amount you can spend on streaming services.
• YouTube and YouTube Music may not be officially recognized, but Cardmembers have reported that they received 3x points.

Learn More How to earn 3x the points on streaming services using your Cobalt Card.

Apply Now

Earn 2x the points on travel purchases

Earning Structure

• Earn 2 points for every $1 you spend on eligible travel and transit within Canada.

Eligible Transit & Travel Purchases

• You can earn twice as many points for travel and transit when you shop at well-known retailers, such as gas stations, airlines, hotels, and more.

How to maximize your travel and transit points

• Consider buying gift cards for gas stations at grocery stores. You can earn 5x more points by buying gas at a grocery store than you would if you bought it directly from a gas station.

Learn More Earn 2x points for Travel and Transit when you use your Amex Cobalt Card

Earn 1x points on everything else

Earning Structure

• You can earn 1x points on everyday purchases if they don’t belong to specific categories (food, drinks, streaming, travel, and transit).
• No points are earned on cash advances, foreign transaction charges, balance transfer fees, card membership fees, interest charges or fees for cash advances.

How to Maximize your Points

• Consider purchasing gift cards from grocery stores AmazonAmazon offers 5x the points for purchases.

Learn More How to earn 1x the points on everything else with your Amex Cobalt Card.

Earn the Referral Bonus when You Refer a friend for an Amex Cobalt card

Referral Bonus Overview

Limited-time Referral Bonus Offer!

• You can earn a bonus 10,000 Membership Reward points for every referral that is approved.
• Refer a Friend between January 17, 2020 and March 4, 2020 to take advantage this limited-time offer.

Referral Bonus

• The standard offer is 5,000 points per approved referral.

Referral Program Terms

• The maximum annual referral bonus is 75,000 points.
• The majority of referral points will appear on your account within a couple of days, but it can take up to ten weeks.
• Referral points can be earned only by referring new Cobalt Cardmembers.

How to get your referral link

• As an Amex Cobalt Cardmember currently, Login to your online AccountClick Dashboard and then click. “Refer Now,”Accept the terms & conditions. Copy and share your personalized referral link. Not yet a Cardmember? Apply Now!

How to maximize your referral bonus points

• Check your Amex account to see if the referral bonus has increased.
• Some travel bloggers share links on their blog or social media such as Reddit or Facebook.
• Historically, the enforcement of sharing links has been flexible. This allows a reasonable approach for earning referral bonuses. Basically, don’t spam your link.
• Amex’s referral program allows you to earn more points while enjoying free travel.

Learn More Refer a friend and earn points with the Amex Cobalt Card

Conclusion

Now that  you’ve learned all six ways to earn Amex points using the Cobalt Card, the next step is to create a points strategy that works for your lifestyle.

Consider updating your monthly spreadsheetTrack your purchases to reach your points goals.

You should plan your strategy to refer as many Cobalt Cards as possible in order to earn more points.

Next, you should focus on earning as many 5x points as possible for food and beverages. 5x the points is an excellent earn rate, so if it’s within your budget, focus on reaching the spend cap of $2,500 a month in that category.

The trick is, that money doesn’t all need to be spent on food and drinks. 

Get creative – when shopping at grocery stores that accept Amex, like Save on Foods or FreshCo. Check the gift cards aisle for cards of your favorite stores. The purchase of a gift card for that store will automatically earn you 5x points. This is especially useful for stores where you earn 1-2x points.

This article will hopefully help you make the most of your Amex Cobalt Card.

Do you have a favorite way to earn Amex points? Drop a comment below.

Apply Now