American Express Cobalt® Card
- Earn up to 15,000 Membership Rewards points in the first year (structured as 1,250 points monthly upon meeting a $750 spend threshold).
- Industry-leading earn rate of 5x points on eats, drinks, and food delivery in Canada.
- Earn 3x points on streaming subscriptions and 2x on gas, transit, and rideshares.
- Monthly fee of $15.99 ($191.88 annually), providing access to Amex Experiences and mobile device insurance up to $1,000.
The Cobalt Card delivers its strongest value on food-related spending, with one of the richest earn rates available in Canada for eligible dining, groceries and food delivery. It also adds useful bonus categories for streaming, gas, transit and travel.
Welcome bonus
Earn up to 15,000 Membership Rewards points in the first year.
worth approximately $150
~$150 first-year value
Earn rates
Estimate annual rewards
You'd earn ~60,000 points/year worth approximately $600
Key facts
Annual fee
$191.88 ($15.99/month)
Billed monthly at $15.99.
Purchase APR
21.99%
Cash advance APR
21.99%
Foreign transaction fee
2.5%
Income required
No minimum income requirement disclosed
Credit score
660+
Quebec residents — terms may differ
The $15.99 monthly fee is disclosed as an annual total of $191.88 in Quebec, and a 5% minimum monthly payment applies.
Rates and fees sourced from American Express Canada's official card page →
Perks & benefits
Earn up to 15,000 Membership Rewards points in the first year (structured as 1,250 points monthly upon meeting a $750 spend threshold).
Industry-leading earn rate of 5x points on eats, drinks, and food delivery in Canada.
Earn 3x points on streaming subscriptions and 2x on gas, transit, and rideshares.
Monthly fee of $15.99 ($191.88 annually), providing access to Amex Experiences and mobile device insurance up to $1,000.
Insurance coverage
- Comprehensive travel insurance including travel emergency medical coverage for up to 15 days.
- Car rental theft and damage.
- Mobile device insurance up to $1,000.
Pros & cons
Pros
- Excellent 5x earn rate on major everyday food spending
- Strong bonus categories beyond dining, including streaming
- Flexible Membership Rewards points with transfer options
- Monthly fee can feel easier to manage than one annual charge
Cons
- American Express acceptance is lower than Visa or Mastercard
- No first-year fee waiver to offset the monthly card cost
- High earn rate cap applies to 5x categories each month
- Foreign transaction fee details are not clearly shown on page
Eligibility requirements
- Canadian resident, age of majority.
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American Express Cobalt® Card
$191.88 ($15.99/month)/year