American Express Cobalt

The American Express Cobalt card earns Membership Rewards points and gives cardholders the opportunity to earn 5x Membership Rewards on all restaurant, food delivery services, and grocery store purchases.

Rewards Rates

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

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

If you want to learn more about the specific locations where you can expect to earn these multipliers, click here.

Redeeming Membership 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 insurance
  • Travel accident insurance
  • Rental car theft and damage coverage
  • Lost or stolen baggage coverage
  • Baggage delay and flight delay insurance
  • Hotel burglary coverage
  • Purchase protection
  • Buyer assurance protection
  • Mobile device insurance

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

Other Membership Rewards Cards You Might Consider

Credit Card Welcome Bonus Net Value
American Express Personal Platinum 90,000 Membership Rewards $1,281 Apply
American Express Personal Gold 55,000 Membership Rewards $960 Apply
American Express Green 10,000 Membership Rewards $220 Apply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.