American Express Cobalt® Card

Flytrippers Opinion: The best overall card in Canada. A must-have with its 5X earn rate!
Flytrippers Valuation
of Welcome Bonus (net value)

via Amex secure application link
≈ $ 744

Rewards: ≈ $900*

Card Fee: $156

Earn Amex Membership Rewards
hybrid rewards (variable or fixed value)

Uses: for specific flights or hotels
or for any travel expense
How to unlock bonus
spend $500/mo for 12 months

(*minimum value: $600 as fixed-value rewards
*maximum value: unlimited)
Card eligibility
minimum income required: $0

Welcome Bonus eligibility
must not have had this specific card before
Terms and conditions apply. Flytrippers editorial opinion only. Amex is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information.
Flytrippers Opinion: The best overall card in Canada. A must-have with its 5X earn rate!
Flytrippers Valuation
of Welcome Bonus (net value)
≈ $ 744

Rewards: ≈ $900*

Card Fee: $156

How to unlock bonus
spend $500/mo for 12 months

(*minimum value: $600 as fixed-value rewards
*maximum value: unlimited)
hybrid rewards (variable or fixed value)
Uses: for specific flights or hotels
or for any travel expense

via Amex secure application link
Card eligibility
minimum income required: $0

Welcome Bonus eligibility
must not have had this specific card before
Terms and conditions apply. Flytrippers editorial opinion only. Amex is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information.

Summary of Flytrippers' review

WHY GET THIS CARD

  • Excellent welcome bonus of ≈ $744
  • Flexibility of hybrid rewards
  • Excellent earn rate of 5 pts/$
  • Free additional cards to earn faster
  • Good travel insurance coverage

It’s really the best card in Canada.

WHO SHOULD GET THIS CARD

  • Those who want the best card
  • Those who are new to travel rewards
  • Those who can spend more
  • Those who want the most valuable points
  • Those who just want a card
If you check one of these boxes, it’s a card for you.

Card details

Rewards from welcome bonus

You will have 60,000 Amex points after unlocking the Welcome Bonus.

That gives you either:

  • ≈ $900 in rewards at the Flytrippers Valuation
  • $600 in rewards at the simpler minimum fixed value

 

Concrete examples of redemptions

Here are some of the actual redemptions you can get with these rewards:

5 round-trip short-distance reward flights such as Montreal-New York or Montreal-Washington

3 round-trip medium-distance reward flights such as Montreal-Miami or Montreal-Nashville

2 round-trip longer distance reward flights such as Montreal-Costa Rica or Montreal-Mexico

1 one-way business class reward flight such as Vancouver-Japan or Montreal-Switzerland

10 one-way short-distance reward flights in several regions of the world

11 completely free nights in beautiful hotels in specific destinations like Bali

$1,200 discount on specific flights that are very expensive in cash

$600 as a simple travel credit that can be applied to any travel expense

Learn more about the best uses of Amex points

Welcome bonus structure

30,000 points Bonus after spending $500/month in the first year (12 separate bonuses of 2,500 pts/month)
30,000 points Earn on the required spending for monthly bonuses (at a rate of 5 pts/$)

‣Apply for the American Express Cobalt® Card

Flytrippers Valuation of the welcome bonus

≈ $450 Monthly welcome bonus X 12 months (30,000 pts at ≈ 1.5¢/pt)
≈ $450 Earn on the spend for monthly bonus (30,000 pts at ≈ 1.5¢/pt)
–$156 Card fee (Deducted from Flytrippers Valuation)

≈ $744 in net value with the welcome bonus alone

(that’s 12% back on the spending requirement of $6,000 over 12 months)

Learn more our Flytrippers Valuation of welcome bonuses

Minimum fixed value of the welcome bonus

$300 Monthly welcome bonus X 12 months (30,000 pts at ≈ 1¢/pt)
$300 Earn on the spend for monthly bonus (30,000 pts at ≈ 1¢/pt)
–$156 Card fee (Deducted from Flytrippers Valuation)

$444 in net value with the welcome bonus alone

(that’s 7% back on the spending requirement of $6,000 over 12 months)

‣Learn more aboutthe minimum fixed value of American Express points (coming soon)

Earn rate (at Flytrippers Valuation)

5 points per $ (≈ 7.5%) on groceries, restaurants, food delivery services, bars, and lots of other businesses indirectly via grocery store gift cards
3 points per $ (≈ 4.5%) on streaming service subscriptions
2 points per $ (≈ 3%) on travel, gas, and transportation
1 point per $ (≈ 1.5%) everywhere else

(Multiplier rate applies only to $30,000 of spending per membership year.)

‣Learn more about credit card earn rates (coming soon)

Earn rate (at minimum fixed value)

5 points per $ (5%) on groceries, restaurants, food delivery services, bars and many other businesses indirectly via grocery gift cards
3 points per $ (3%) on streaming service subscriptions
2 points per $ (2%) on travel, gas, and transportation
1 point per $ (1%) everywhere else

(Multiplier rate applies only to $30,000 of spending per membership year.)

Earning with additional cards

Fee for additional cards: $0
Quantity allowed: 9
Minimum age: 13 years old

‣Learn more about additional cards (coming soon)

Amex Offers program
Access to discounts, credits, and special offers throughout the year.

Learn more about the Amex Offers program

American Express Experiences program
Access to exclusive virtual and in-person experiences and pre-sale tickets to lots of events.

‣Learn more about the American Express Experiences program (coming soon)

The Hotel Collection program
Benefits at top luxury hotels, such as a US$100 credit to use at the hotel and a free room upgrade.

‣Learn more about The Hotel Collection program (coming soon)

Insurance included

Medical travel insurance (15 days)
Flight delay insurance
Baggage delay insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Travel accident insurance
Mobile device insurance
Purchase insurance
Extended warranty

‣Learn more about the American Express Cobalt® Card’s insurance coverage (coming soon)

Insurance not included

Trip cancelation insurance
Trip interruption insurance

‣Learn more about the different types of insurance coverage (coming soon)

Redemptions
American Express points can be used for specific flights to maximize their value (via transfers to partner programs or via the Amex flight chart) or for hotel nights (via transfers to partner programs). But they can also be used as a simple travel credit (which can be applied to any travel expense).

Learn more about the American Express rewards program (coming soon)

Pricing
Amex points are hybrid rewards: They can be used as fixed-value rewards (fixed value of 1¢) or variable-value rewards (value depending on how you use them; our Flytrippers Valuation is ≈ 1.5¢).

Learn more about American Express points (coming soon)

Expiry
Amex points never expire as long as you have the card. And even if you no longer have the card, you can easily extend the expiration indefinitely.

Learn more about American Express points expiry (coming soon)

Pooling
If you have travel companions, it’s possible to pool Amex points via transfer partners.

Learn more about pooling American Express points (coming soon)

Transfers
American Express points can be transferred to multiple partner programs and this often provides the best value.

Learn more about American Express point transfers (coming soon)

Other redemption options
American Express points can be used for rewards other than travel but this should be avoided.

Learn more about why you should always use your rewards for travel (coming soon)

Rewards program logistics
You can use your points directly on the American Express website or app.

Learn more about how to get started with American Express rewards (coming soon)

Rewards program summary
Rewards: American Express points
Type: Hybrid rewards
Subtype (fixed value): “Eraser” rewards
Subtype (variable value): “Standard” or “Dynamic” Rewards (depending on the transfer partner)
Variety: Bank rewards 
Flytrippers Valuation: ≈ 1.5¢ per point
Minimum value: 1¢ per point
Maximum value: Unlimited
Transferable: Yes (8 partners)

Learn more about rewards programs basics (coming soon)

Card eligibility
Minimum personal/household income: $0
Age: Majority in your province
Estimated credit score: Good or Excellent
Credit bureau: TransUnion

Learn more about credit card eligibility requirements (coming soon)

Welcome bonus eligibility
You must not have had the American Express Cobalt® Card before.

Learn more about credit card welcome bonus eligibility rules (coming soon)

Offer end date
Offer subject to change at any time

Subscribe to Flytrippers’ free travel rewards newsletter to get all card updates

Card details
Issuer: American Express
Network: American Express
Card Type: Credit card
Product Type: Personal card

‣Learn more about credit card types (coming soon)

Fees and rates
Card fee: $12.99/month ($155.88/year)
Fee for additional card: $0
FX fee: 2.5%
Purchases annual interest rate: 20.99%
Funds advances annual interest rate: 21.99%
Balance transfer fee: N/A

Learn more about why Flytrippers recommends ignoring fees and rates (coming soon)

  • In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year. That’s up to $300 towards a weekend getaway or concert tickets
  • Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery
  • Earn 3x the points on eligible streaming subscriptions in Canada
  • Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B
  • Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases
  • Transfer points 1:1 to several frequent flyer and other loyalty programs
  • Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events
  • Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Start earning rewards today

And make sure to download our free checklist for when you get a new card—it includes very important mistakes to avoid
(it will open in a separate tab, or you can click here)

via Amex secure application

*Beta version of card page. Sign up to get updated guide soon.*

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