The American Express Cobalt Credit Card is a powerful tool for those seeking to maximize their rewards when enjoying life to the fullest, while having a great range of insurance coverage, making this card particularly appealing to individuals who tend to spend money on dining out, traveling, and entertainment. On top of that, it can also be good for everyday purchases, thanks to its impressive earn rates and additional benefits.
So, whether you’re a frequent traveler or an occasional vacationer, the travel insurance offered by the card can give you peace of mind during your journey. All of that while also getting unique Amex and Cobalt perks, enhancing your experience.
Reward PointsKey Features
- Welcome Offer: earn up to 15,000 Membership Rewards points by earning 1,250 Membership Rewards points for each monthly billing period in which you spend $750 on your card in your first year. That’s up to $150 towards your next weekend getaway
- Rewards Program:
- Earn 5X points for every $1 spent on eats & drinks, such as as eligible restaurants or food delivery in Canada;
- Earn 3X points for every $1 spent on eligible streaming subscriptions in Canada;
- Earn 2X points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases;
- Earn 1X point for every $1 spent on all other eligible everyday purchases;
- Earn 1 additional Membership Rewards point for every $1 you charge to your card on eligible hotel or car rental bookings made with American Express Travel at americanexpress.ca/travel.
- Flexible Redemption Options:
- You can redeem your points for a statement credit towards an eligible purchase charged to your card (1,000 points = $10 statement credit);
- You can also transfer points 1:1 to several frequent flyer and other loyalty programs;
- You’ll also be able to redeem points for: travel on American Express Travel Online, gift cards and merchandise through membershiprewards.ca, purchases at Amazon.ca, or flights through the Fixed Points Travel Program.
- Cobalt Perks: including bonus rewards and access to great events
- The Hotel Collection: stay two or more consecutive nights at participating properties and receive up to $100 hotel credit to use on amenities like dining, spa or other leisure facilities when charged to the room; and one-category room upgrade at check-in, when available
- Travel Insurance: Out of Province/Country Emergency Medical Insurance; Flight Delay Insurance; Delayed and Lost/Stolen Baggage Insurance; Hotel Burglary Insurance; $2500,000 Travel Accident Insurance; Car Rental Theft and Damage Insurance
- Mobile Device Insurance
- Shopping Coverage: Buyer’s Assurance Protection Plan; Purchase Protection Plan
- Fraud Protection Guarantee: you won’t be held responsible for any fraudulent charges
- Exclusive American Express Offers and Experiences: enjoy access to special events and promotions through American Express
- Free Supplementary Cards: you can have up to 9 additional cards without paying extra for them
Fees and Charges
- Annual Interest Rate:
- Purchases: 21.99%
- Cash Advances: 21.99%
- Balance Transfers: 21.99%
- Monthly Fee: $12.99 ($155.88 per year)
- Foreign Currency Conversion: 2.5%
Why Should You Choose The American Express Cobalt Credit Card?
It is particularly valuable for families and individuals with significant grocery, dining, and entertainment expenses, once it has high earn rates in those categories. Additionally, the hotel collection feature is a significant advantage for those who travel quite often. In addition to that, you can enjoy a diverse range of insurance coverage.
How To Apply To The American Express Cobalt Credit Card
In order to be eligible, you need to be at least the age of majority, a Canada resident. You also need to have a good to excellent credit score and an income. Here’s how to apply:
- Visit the Website: click on the button below to access the website. Then, click on the “Apply Now” option;
- Term of Agreement: you’ll receive a pop-up on. Click on the “Agree & Continue” button;
- Fill The Application Form: you’ll be redirected to another page. Make sure you provide any personal and financial details requested and submit the form;
- Wait for Approval: after submitting, wait for approval.