American Express
American Express Cobalt® Card
One of Canada's best travel rewards credit cards, offering up to 5x Membership Rewards points on dining and groceries with flexible airline and hotel transfer partners including Aeroplan, British Airways Avios, and Marriott Bonvoy.
Highlights
Main benefits
- Transfer points to Aeroplan
- Transfer points to British Airways Avios
- Transfer points to Air France KLM Flying Blue
- Transfer points to Marriott Bonvoy
- Travel accident insurance
- Hotel and car rental rewards through Amex Travel
- 5x points on groceries and dining
- 5x points on food delivery
- 3x points on streaming services
- 2x points on gas and transit
- Flexible airline transfer partners
- No income requirement
- Strong everyday rewards
- Mobile wallet support
- Amex Offers promotions
Fees
Fees and charges
Joining fee
None
Renewal fee
C$15.99/month (C$191.88/year)
Annual fee waiver
No
Who can apply
Eligibility
- Canadian resident
- Age of majority in province or territory
- Good credit history recommended
Checklist
Documents required
- Government-issued photo ID
- Canadian residential address
- Employment information
- Income details if requested
- Social Insurance Number (optional)
Process
How to apply
1. Visit American Express Canada.
2. Select American Express Cobalt Card.
3. Complete personal details.
4. Submit income/employment information.
5. Receive approval decision.
6. Activate card upon arrival.
Value
Reward and cashback structure
Reward rate
5x points on groceries, dining and food delivery
3x points on eligible streaming subscriptions
2x points on gas, transit and rideshare
1x point on all other eligible purchases
Cashback
Approximately 1%–5% depending on redemption method
Good fit
Pros
- Excellent travel point earning rate
- Aeroplan transfer partner
- No income requirement
- Strong rewards on daily spending
- Flexible redemption options
- Great for frequent travelers
Watchouts
Cons
- No lounge access
- 2.5% foreign transaction fee
- Annual fee higher than some competitors
- American Express acceptance not universal
Related
Related cards
Compare
Compare Cards
| Field | American Express Cobalt® Card | SimplyCash® Preferred Card |
|---|---|---|
| Bank/provider | American Express | American Express |
| Joining fee | None | Zero |
| Renewal fee | C$15.99/month (C$191.88/year) | C$119.88/year |
| Best for | Travel Points, Dining, Groceries, Everyday Spending | Grocery, Gas & Everyday Cashback |
| Reward rate |
| 4% on Groceries, 4% on gas, 2% on all other eligible purchases |
| Cashback | Approximately 1%–5% depending on redemption method | Up to 4% |
| Lounge access | No | No |
| Fuel surcharge waiver | No | No |
| Welcome benefit | Up to 15,000 Membership Rewards Points | Up to C$250 bonus value (offer may change) |
| Annual fee waiver condition | No | No |
| Eligibility |
|
|
| Apply link | Apply | Apply |