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Introduction
The Amex Cobalt Card Canada is one the most rewarding cards in Canada, especially because of the 5x points multiplier for groceries, restaurants, and food deliveries. You’ll earn points on everyday purchases that can add up fast. What are the requirements to be approved?
Learn More by Downloading the Complete Guide Amex Cobalt Membership Rewards Points
- Welcome BonusUp to 15000 Amex Points
- Annual Fee $155.88 ($12.99/mo)
- Rewards:Earn 5x the points on eligible foods and drinks in Canada. This includes groceries and food deliveries. Spending cap applies.
‘ Credit:
Original content by pointswise.ca: “Is it hard to get approved for an Amex Cobalt Card?
Read the complete article at
https://pointswise.ca/amex-cobalt-how-to-get-approved/
- Welcome BonusUp to 15000 Amex Points
- Annual Fee $155.88 ($12.99/mo)
- Rewards:Earn 5x the points on eligible foods and drinks in Canada. This includes groceries and food deliveries. Spending cap applies.
Checklist for Amex Cobalt Approval
The Amex Cobalt was designed to be a Mid-level CardIf you have a, it is relatively simple to get approved. Good credit score
Amex Cobalt Card requirements
- You are a Canadian and have a Canadian Credit File.
- You are of legal age in the province or territory you reside.
Amex Cobalt Card Recommended
- A credit score of at least 660 is considered to be good.
- While there’s no publicly advertised minimum income requirement for the Amex Cobalt, it’s recommended that you have a steady income.
Learn More: Amex Cobalt Card Review – Read it now!
How long does it take to get approved?
When you apply for the Amex Cobalt Card online, in most cases, you’ll receive an immediate decision, allowing for instant approval.
Amex Canada tends to be strict when it comes to the initial application process for their credit cards. Once they have established a pattern for responsible spending and repayment, subsequent applications are often approved instantly. The credit limits assigned tend to be more closely aligned with your income, credit history and repayment behaviour.
Learn More: How to Earn Amex Cobalt Welcome bonus
Apply for Amex Cards with No Risk to Credit Score
Lenders typically perform a hard credit inquiry when you apply for a credit card or loan. This can temporarily affect your score. Amex Canada, on the other hand, performs a softer inquiry, which ensures no impact on your score during the initial Amex Cobalt Card application process.
The Cobalt Card is a card that allows you to access your Cobalt Card account from anywhere. Check your approval status with no risk to your credit rating.Amex will only perform a credit check after you have been approved. This may result in a temporary drop in your score, especially if you already have a poor credit rating. This could cause problems for future credit approvals if your application was declined. Your credit score will be further lowered.
Source: Hard Credit Check vs Soft Credit Check
Amex cards with lower credit score requirements
The Amex Cobalt Card has a mid-level, so it is best to have a good score.
If you’re looking for a stronger chance of getting approved with a Lower credit scoreConsider applying for one of these American Express Cards:
Conclusion
If you have a score of 660 and above, are a Canadian with a stable income, then you should be in good shape to be approved for the Amex Cobalt Card.
Remember that only new applicants can earn the welcome bonus.
In your first year as a new Cobalt Cardmember, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in net purchases on your Card. This could amount to 15,000 points within a year. That’s up to $150 towards a weekend getaway or concert tickets.
With an instant decision and no risk of impacting your credit score, you can see if you’re approved for the rewarding Cobalt Card right now.
Apply Now for Amex Cobalt Card
- Welcome BonusUp to 15000 Amex Points
- Annual Fee $155.88 ($12.99/mo)
- Rewards:Earn 5x the points on eligible foods and drinks in Canada. This includes groceries and food deliveries. Spending cap applies.
