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.

Check out our American Express Cobalt card review for more details.

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).
  • Effective August 15, 2023, Cobalt Cardmembers will earn 5x the points on all eligible eats & drinks charged to their Card up to $2,500 monthly, for the same total of $30,000 annually already in place today.
• 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. The American Express Cobalt card is one of the best credit cards for grocery purchases in Canada.

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.

Partners for American Express Canada include:

• 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

Click to learn everything you need to know about the American Express Membership Rewards program.

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 Gold	60,000 Membership Rewards	$1,070	Apply
	American Express Platinum	80,000 Membership Rewards	$1,061	Apply
	American Express Green	10,000 Membership Rewards	$220	Apply