15,000 Membership Rewards points
Apply Now†Terms and conditions apply. The information for the American Express Cobalt Card has been collected independently by Prince of Travel. The card details on this page have not been reviewed or provided by the card issuer.
$336
First-year value
15,000
Membership Rewards points
$15.99
Monthly fee
Based on minimum spend to earn the full welcome bonus and Prince of Travel's valuation of Membership Rewards points at 2.2 cents per point.
(up to $2,500/month, 1x after)
Last updated: February 13, 2026
The American Express Cobalt Card is one of the most popular cards in Canada, and for good reason. It's the ultimate lifestyle card, earning incomparable rewards on groceries and restaurants, with Canada's most flexible points program.
| Tier | Amount | Requirement |
|---|---|---|
| Monthly bonus | 15,000 | $750/month spend for 12 months (1,250/month) |
Annual Fee
$191.88($15.99/month)
Additional Card
Free
$15.99 monthly fee
The monthly fee structure is unique—it lets you bail out early if the card isn't working for you, rather than being locked into a full annual fee, which is worth considering if you're uncertain about long-term spend.
| Category | Rate | Cap | After Cap |
|---|---|---|---|
| Groceries | 5× | $2,500/month1 | 1× |
| Dining | 5× | $2,500/month1 | 1× |
| Food Delivery | 5× | $2,500/month1 | 1× |
| Streaming | 3× | — | — |
| Transit | 2× | — | — |
| Rideshare | 2× | — | — |
| Gas | 2× | — | — |
| Travel | 2× | — | — |
| Everything Else | 1× | — | — |
1 Combined $2,500/mo cap across Eats & Drinks categories; reverts to 1x
The Cobalt Card's strong everyday earning rates make it a valuable addition to most wallets.
The card is also one of the few to offer a 5x category multiplier on spending in Canada.
| Partner | Ratio | Transfer Time |
|---|---|---|
| Aeroplan | 1:1 | instant |
| British Airways Avios | 1:1 | 1-2 days |
| Air France KLM Flying Blue | 1:1 | instant |
| Cathay Pacific Asia Miles | 4:3 | few days to 1 week |
| Delta Skymiles | 4:3 | instant |
| Etihad Guest | 4:3 | instant |
| Marriott Bonvoy | 5:6 | instant |
| Hilton Honors | 1:1 | few days |
Membership Rewards points offer flexibility across multiple airline programs. You can transfer to airlines in all three major alliances: Star Alliance (through Aeroplan), oneworld (through British Airways), and SkyTeam (through Air France KLM Flying Blue), plus access to external partners like Etihad Airways.
You can also redeem MR points directly for flights through the Amex Fixed Points Travel reward chart, though these are limited to round-trip flights departing from Canada. Alternatively, redeem directly against travel purchases at 1 cent per point, though this typically provides less value than transfer partners.
Transfer to airline and hotel partners
GeneralThe strength of the Cobalt card is in its earning rates, and not so much in extra benefits. That said, you'll still get to enjoy some perks just for being an American Express cardholder.
You can also take advantage of specially-tailored Amex Offers for extra value when used at specific dining venues, shops, and more.
Underwritten by Chubb Insurance Company of Canada
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | $5,000,000 | 15 days · not covered (65+) |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | $500 | 4-hour minimum · Food, accommodation, items within 48 hours |
| Baggage Delay | $500 | 6-hour minimum |
| Baggage Loss | $500/person | — |
| Rental Car (CDW/LDW) | Not included | — |
| Travel Accident | $250,000 | — |
The Cobalt card lacks Trip Interruption and Trip Cancellation coverage, which distinguishes it from the Amex Gold and Amex Platinum cards.
One standout feature is that the Cobalt card offers Mobile Device Insurance, which is uncommon among credit cards.
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15,000 Membership Rewards points
Apply Now†Terms and conditions apply. The information for the American Express Cobalt Card has been collected independently by Prince of Travel. The card details on this page have not been reviewed or provided by the card issuer.
Last updated: February 13, 2026
