About American Express Cobalt® Card

An American Express Cobalt® Card is a credit card with reward-earning opportunities and valuable insurance coverages included. American Express Cobalt® cardholders can also enjoy travel benefits and American Express® Experiences.

American Express Cobalt® Card features

An American Express Cobalt® Card features a 20.99% interest rate on purchases and 21.99% on funds advances. The monthly fee for this credit card is $12.99, and issuance of up to 9 supplementary cards is free.

With a welcome offer in place, you can earn 2,500 bonus Membership Rewards® points monthly upon spending at least $500. The offer is valid for the first card membership year.

Purchases at restaurants, quick service restaurants, coffee shops, drinking establishments, stand-alone groceries, and food or grocery delivery services up to the annual threshold of $30,000 will bring you 5 Membership Rewards points for every $1 spent. Once you reach the $30,000 threshold, you will continue earning points at a regular earning rate of 1 point per $1 spent. 

Paying for streaming subscriptions at select providers will bring you 3 Membership Rewards points for every $1 spent. 

Purchases at stand-alone automobile gasoline stations, travel services or travel bookings, and local commuter transportation services will bring you 2 Membership Rewards points for every $1 spent.

For all other purchases, you will earn Membership Rewards points at a regular earn rate of 1 point per $1 spent.

Hotel and car rental bookings made through American Express Travel will bring you one additional Membership Rewards point for every $1 spent.

In addition, you can earn bonus Membership Rewards points for referring a friend, up to a maximum annual bonus of 75,000 Membership Rewards points for approved referrals.

You can redeem Membership Rewards points you’ve earned towards gift cards, merchandise, Amazon.ca purchases, or travel options through American Express Travel Services. 

American Express Cobalt® cardholders can enjoy the following privileges from American Express:

• Additional perks like bonus rewards and access to exclusive events

• Access to the Hotel Collection providing benefits at participating hotels across the globe 

• American Express® Experiences providing access to presale and reserved tickets to different events and experiences plus various onsite benefits

• Amex Offers providing additional rewards for your purchases

• American Express Travel Online deals and offers on select hotel and car rental bookings

An American Express Cobalt® Card is eligible for Plan It™, so you can pay off your purchases of $100 and more in monthly installments, with an installment fee charged instead of interest.

Insurance coverages included in an American Express Cobalt® Card are mobile device insurance, out-of-province or country emergency medical insurance, flight delay insurance, baggage delay insurance, hotel burglary insurance, lost or stolen baggage insurance, travel accident insurance, car rental theft and damage insurance, Buyer’s Assurance® Protection Plan, and Purchase Protection® Plan.

Pros and cons

The pros of an American Express Cobalt® Card are:

• A low monthly fee

• Free issuance of additional cards

• A variety of reward-earning and redemption opportunities 

• The referral program rewarding you for approved referrals

• Exclusive privileges from American Express

• Extensive insurance coverage 

• Eligibility for Plan It™ 

• 24/7 customer service 

• Credit card protection capabilities 

Here are the cons to be aware of: 

• Limits on the maximum referral bonus you can receive for referring a friend 

• Minimum points per redemption requirements

• The lack of trip cancellation and trip interruption insurance

How to apply for an American Express Cobalt® Card

You can apply for an American Express Cobalt® Card online — click the “Apply Now” button next to its description and fill out the form with the following details:

• Your first name

• Your middle name

• Your last name

• Your name on the card

• Your email

• Your date of birth

• Your postal code

• Your social insurance number (optional)

• Your phone number

• Your address

• Your personal annual income

• Your other household income

• Your employment status

• Your employer name

• Your work phone number

Next, create a PIN and specify if you want to receive Online-Only Statements, order supplementary cards, or add AMEX® Account Protector Ultimate. Then, review the provided applicant information, agree to the terms and conditions, and click the “SUBMIT” button.