American Express Cobalt™ Card

The very best card for those who spend a lot, with a 5X/6X earn rate

≈ $528*

in travel rewards after $500/month for 12 months

The Cobalt Card is often considered the best credit card in Canada.

This offer and this card is completely different than the others. To get the welcome bonus, instead of having to spend an amount during the first 3 months, you have to spend $500 a month for 12 months.

So only those who spend a lot each month can maximize it. That said, with the 5X earn rate on some purchases, this is by far the most lucrative card for everyday purchases, as the points can even transfer to Marriott for an effective earn rate of 6 points per dollar.

The welcome bonus is worth a very good ≈ $528 based on our Flytrippers Valuation.

That is if you use it for specific hotels or flight for maximum value (outsized value and unlimited value), but you also have the option of using the points as the easiest type of rewards there is: a travel credit that simply erases literally any travel expense.

Offer subject to change at any time

*Conditions apply

Welcome bonus of 30,000 Amex Select points
≈ $324 (estimated value of 1.08¢/pt)

Earning of 30,000 points on the $500/month minimum spend
≈ $324 (at multiplier earn rate of 5X)

Card fee
= $120 (deducted from the total mouont of free travel earned)

Flytrippers Valuation of Welcome Bonus
$528 in free travel
(or $480 minimum as fixed-value travel credit)

+ all the points earned with your regular purchases in excess of the amount included*

Here is the points earn rate:

  • 1 pt (≈ 1.08%) per $ everywhere
  • 2 pts (≈ 2.16%) per $ for travel and transportation
  • 5 pts (≈ 5.4%) per $ at restaurants, convenience stores that code as food stores and grocery stores (and all stores that sell gift cards at in these locations)

Amex Select points are hybrid points: they can be used as variable-value points or as fixed-value points.

Variable-value uses offer more potential value, while fixed-value uses are a lot simpler.

As fixed-value travel credit, your 60,000 points give you a simple $600 credit applicable to any travel expense. It “erases” the expense. It’s the simplest type of point that exists.

As variable-value points, you have 2 options:

  • the Amex fixed-point flight chart
  • transfer to Marriott or Hilton

The Cobalt’s Select Points are different than the Amex points earned on the Gold and Platinum cards. They can not be transferred to Aeroplan, Avios, Delta, and other airlines.

They can only be transferred to Marriott (recommended) and Hilton (not often recommended). Your 60,000 points will give you 72,000 Marriott points, enough for 12 nights in certain hotels!

Amex Select points can also be used via American Express’ fixed-price award chart directly. Especially valuable for flights that are expensive in cash.

More details about Amex Select points coming soon in the new travel rewards section.

Medical travel insurance 15 days (64 years old and under)
Flight delay insurance ($500, 4h minimum)
Car rental insurance
Baggage & personal effects insurance
Hotel burglary insurance
Purchase protection (90 days)
Extended warranty on purchases


American Express Cobalt™ Card

Offer Summary
  • ≈ $528 in free travel
  • Only card with monthly signup bonus
  • For those who spend a lot each month
  • Hybrid Points (Fixed-Value or Variable-Value)
  • Excellent earn rate (5X on food, 2X on travel & transit)
  • Excellent insurance coverage and AMEX benefits
  • Access to Cobalt cardmember perks, bonus rewards & events
  • No minimum income required
  • Minimum spend of $500 per month the first year
  • Certain conditions apply*


Start getting travel rewards with the Amex Cobalt Card now

via Amex secure application

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