American Express Cobalt

The American Express Cobalt card is a credit card available to individuals in Canada. This is a great card for those who spent a significant amount on food and drinks as you will earn 5x Membership Rewards points on all purchases.

Earning Rewards

The American Express Cobalt credit card earns Membership Rewards (MR) points for all purchases made on the card:

  • 5 Membership Rewards points for every $1 spent on food and drink purchases in Canada (including restaurants, delivery services, and grocery stores).
  • 3 Membership Rewards points for every $1 spent on eligible streaming subscription services in Canada.
  • 2 Membership Rewards points for every $1 spent on travel and transit purchases, including Amex Travel Online for eligible hotel and car rental bookings.
  • 1 Membership Rewards point for every $1 spent on all other purchases.

Redeeming Rewards

The best use for Membership Rewards is to transfer them to a variety of airline and hotel partners for your next redemption:

  • Transferrable at 1:1 ratio: Aeroplan Points, British Airways Avios, Hilton Honors
  • Transferrable at 1:0.75 ratio: Alitalia MilleMiglia, Cathay Pacific Asia Miles, Delta Skymiles, Eithad Guest, Flying Blue
  • Transferrable at 1:1.2 ratio: Marriott Bonvoy

You can also redeem Membership Rewards for statement credit however this is not often a great way to get the most value out of your points.

Insurance Coverage

The American Express Cobalt credit card offers nine types of insurance coverage: emergency medical, travel accident, car rental theft and damage, lost or stolen baggage, baggage and flight delay, hotel burglary, purchase protection, buyers assurance protection, and mobile device insurance.

Refer to the American Express Cobalt certificate of insurance for additional details, including terms and conditions for eligibility.

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