Card -means an American ExpressCobalt Card. We all thought we could see the light at the end of the tunnel and a sense of normalcy by this year's end. Download the Certificate of Insurance to learn more. Download the Amex App and you can easily pay with points right from your phone. The sign up bonus is a touch different for each card. The welcome bonus points of 60,000 BMO Rewards* points is more (around $400), but new members also get a first-year fee waiver (worth $120*). You will also receive updates on our special offers, unique events and exclusive Cardmember promotions. That works out to a 1 to 5% return on your card spending. You'll earn a whopping 5 points for every dollar that you spend on food and drinks, 2 points for gas, travel, and transit purchases, and 1 point per dollar for all other spending. I will come back to the irrational obsession that many have about avoiding annual fees in a second. You earn 5,000 points after spending $500 in each month, and an additional 10,000 points if you spend $3,000 in the first three months. Card ID:*. Marriott Bonvoy American Express Card . The American Express Cobalt Card is an excellent all-around rewards credit card with a hefty earn rate for everyday purchases and a lucrative rolling sign-up bonus for new cardholders. That is an absolutely incredible bonus. With Amex Membership Rewards at your disposal for travel, it makes for a top travel credit card. Monthly Fee: $12.99/month of Cardmembership ($155.88 annually) Welcome Bonus: 2,500 points for each monthly billing period in which you spend $500 in net purchases on your Card, which can add up to 30,000 . Notably, the card also earns a different class of Membership Rewards points compared to the traditional quartet of the Gold Rewards Card, the Platinum Card, the Business Gold Card, the . American Express Cobalt cardmembers will receive access to the following benefits at over 600 participating hotels and resorts in over 30 countries worldwide, when booking a minimum of two consecutive nights online with American Express Travel using their Basic American Express Card $200 GeniusCash Boost + Up to 40,000 bonus points ( terms) Best American Express card for rewards and perks. In terms of earn rates, Amex Cobalt is in the top tier for travel rewards credit cards. The American Express Cobalt Card is a credit card that's tailor-made for millennials with active social lives: the foodies, the Instagram influencers, and the summer festival-goers. $155.88 Annual fee Learn more $600 Welcome bonus 30,000 points $1,080 You'll typically find $85,000 in maximum coverage toward the value of the rental vehicle. Points earned with the AMEX Cobalt are worth between 1.5 and 2 cents each when redeemed for airfare through the AMEX Fixed Points Travel program. The impressively high earn rate of the American Express Cobalt credit c ard. After, earn 1X the points in these categories. 30,000 points. There is a monthly fee of $10 ($120 annually). Extends your Card coverage to cover trips longer than 15 days. At our valuation of 2.2 cents per point, this works out to an unbelievable 11% back per dollar spent at these specific locations. Since these points can be redeemed to cover the cost of flight tickets and hotel stays at a rate of 1,000 points for $10 (the equivalent of 1%), that means you'll essentially . With the Cobalt card you'll need to spend a minimum of $4,000 to cover the first $300 of the ticket and then you can pay cash for the rest, which would be $50. The annual fees for both these cards are no longer equal like they used to be - the American Express Cobalt Card charges $12.99 per month for an annual amount of $155.88. The, updated American Express Cobalt Card will retain all the great benefits Cardmembers already enjoy, with added new exciting, benefits to help them earn points faster. The current offer adds a further bonus on top of that baseline: 20,000 MR points upon spending $3,000 in the first three months, bringing the total to . It's a rewards card designed by an actual team of millennials - not a bunch of old dudes in suits - with the millennial lifestyle in mind. We are excited to share that effective August 16, 2021, the American Express Cobalt Card will be undergoing exciting changes. This means American Express will charge you $40 for just $30 in cash. I do use the Cobalt relatively aggressively and it just didnt seem like Amex to reduce without notifying. Or call: 1-844-200-8959, AMEX Travel Insurance is optional group travel insurance underwritten by Royal & Sun Alliance Insurance Company of Canada. With regular offers and access to great events, amazing rewards are always in store.1 Current Perks Opt-in to email Past Cobalt Perks Not a Cardmember? That means you'll spend $6,000 total to get the full signup bonus of 30,000 points. Supplemental Lost or Stolen Baggage Insurance Plan *1 Extends your Card coverage up to a maximum of $7,500 per occurrence. American Express Cobalt Card Earn up to 30,000 bonus points in your first year | $155.88 CAD ($12.99/month) Earn 5x points on restaurants and bars in Canada, Earn 5x points on groceries and food delivery services in Canada, Earn 2x points on travel worldwide, including flights, train tickets, ferries, hotels and tours, 5.0 out of 5, Apply by calling 1-844-200-8959. The AMEX Cobalt Card is a Membership Rewards credit card offered by American Express to those in Canada. FAQs Current Cobalt Perks American Express continues to provide value with multiple award wins in Rewards Canada's 2021 Top Travel Rewards Credit Card rankings, including T. When you withdraw $30 in cash from a nearby ATM, the cash advance fee would be $10. It's the ultimate lifestyle card, earning incomparable rewards on groceries and restaurants, with an extremely flexible points program. That makes your minimum spend $4,050 with American Express. You don't spend a lot of money on dining out, groceries or transportation. The issuer released its the American Express Cobalt Card, which, unlike its American consumer card counterparts, focuses on monthly earning and perks rather than those that are annual. Recommend reading: American Express Cobalt Card Confirmed Multiplier Locations. Of course with all these changes comes the one piece of bad news and that is an increase to the monthly fee. Up to 50,000 MR Points. Read More Canada's 7 Best American Express Credit Cards Canada's 6 Best Aeroplan Credit Cards Bonuses & Fees The first thing that stood out for me is the Cobalt Card comes with a monthly fee ($10) instead of an annual fee of $120. The Amex Cobalt card is a premium American Express credit card with a generous earn rate, solid perks, and great travel insurance. To drive the point home, Amex opened a pop . You'll earn 2,500 points for each monthly billing period in which you . Note that this doesn't include the ATM fees or the interest that accrues before you pay your credit card bill. American Express Gold Rewards Card. The American Express Cobalt Card comes with a $155.88 annual fee that is paid at $12.99 per month. Here's our review. I have just received some more information regarding the Cobalt Card from American Express and it's pretty great. To help you decide which plastic makes the better pick, we've carefully analyzed each card's top features. Now I have been churning and Scotia gave me a Gold Amex with a preposterous 17.5I limit, but what gives? American Express Cobalt Card. The American Express Cobalt Card blows every card out of the water with its ridiculously good earn rates. Hopefully 2022 will be that year. The Amex Cobalt also features flexible points redemption, including one option that blows the competition out of the water. By taking into consideration the minimum spend in the first 12 months and optimizing your . You should also know that additional cards come at no cost so there is a savings there in adding authorized . Some cardholders may find the $12.99 monthly fee easier to swallow than shelling out $155.88 at once. American Express offers car rental theft and damage insurance with most of its available credit cards in Canada. The provider itself doesn't even refer to the Cobalt Card as a regular old rewards card it's a lifestyle card. American Express Cobalt Card Up to a total of 30,000 welcome bonus points. Payment must be made in full with an eligible American Express Card in the Canadian Platinum, Canadian Gold Rewards, Canadian Cobalt, Canadian Business Platinum, Canadian Business Gold Rewards, or Canadian Centurion Cardmember's name at time of checkout. A bounty of points comes with pretty much every purchase: 5 points per $1 spent on groceries and restaurants, 3 points per $1 spent on streaming services, 2 points per $1 spent on gas, transit, and travel, The American Express Cobalt Card offers an outstanding 5x Membership Rewards (MR) points for every dollar spent at restaurants, bars, cafs, food delivery services, and even grocery stores in Canada. Cardmember -means a holder of a valid Basic or Supplementary Cardfrom American Express issued in Canada by Amex Bank of Canada. 5x eats, drinks & groceries Earn 5x points on eligible eats & drinks, including restaurants, bars, grocery stores and food delivery in Canada 1. More offers from American Express. New cardmembers can earn 2,500 bonus Membership Rewards points for every month that they charge a minimum of $500 to their American Express Cobalt Card in the first year (up to a max of 30,000 points). My cobalt was approved at 5400, I increased to 9k, just today it went to like 1k. 20.99% $155.88 Apply now More Info. Min. Annual Fee. Right now the Cobalt Card carries a $10 monthly fee and as of August 16 that will be increased to $12.99. recommended credit score: 700. The American Express Cobalt and the Scotiabank Gold American Express are both on my list of the best credit cards for travel rewards in Canada. After assessing all of your current coverages, to help you find an appropriate Amex Travel Insurance product, please use our 'Get a quote' tool or call 1-844-200-8959, We will keep you in touch with the latest service notifications and important information about your Card account. Earn up to 50,000 Membership Rewards points - that's up to $500 towards your next flight or dinner out with friends; New American Express Gold Rewards Cardmembers can earn a Welcome Bonus of 40,000 points when you charge $3,000 in purchases to your Card in your first 3 months of Cardmembership; Plus, earn an additional 10,000 points when you make a purchase between 14 and 17 months . Despite the fact that they are both Amex credit cards, they've got some big differences. The NEW American Express Cobalt Card. Amex is offering a pretty sweet sign-up bonus for the Amex Cobalt card. Up to 30,000 bonus points ( terms) Best Amex card for flexible rewards with no foreign exchange fees. After confirming in my previous post that you will receive 5x points for grocery, restaurants, food service and food delivery as well as 2x for travel and transit, a few people asked for more detail. Apply for the American Express Cobalt Card Cost and Sign-Up Features The annual fee for the American Express Cobalt Card is $155.88 ($12.99 monthly fee). Simply fill in the fields below and we will e-mail you as soon as the latest updates are available. Can you transfer points earned with the AMEX Cobalt Card? ou can be covered if you are a holder of an Y American Express Cobalt Card, under the age of 65 and a Canadian resident covered by your government health insur- ance while you are travelling outside your province. 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 purchases on your Card. This could add up to 30,000 points in a year, +, 10,000 Welcome Bonus Points, Up to 50,000 points and no annual fee in the first year (Until Sep 5, 2022) American Express Gold Rewards Card. Subscription services, entertainment, eats and drinks or travel - you can use your points to pay for it 2 . The American Express Cobalt Card charges $12.99 per month for having it which equates to an annual fee of $155.88. On the other hand, the Amex Gold Rewards Card has a fee of $250, charged on the first billing statement and annually thereafter. For trip delays, out-of-pocket expenses may be reimbursed up to $100 per day, up to a maximum of $1,000 per person / $3,000 per family. Up to a total of 50,000 welcome bonus points . Earn up to 30,000 Membership Rewards points in your first year. 50000 points for signing up (2500 for each month with $500 in spending and 20000 when you spend $3000 in the first 3 months). So 10,000 points = 10,000 Aeroplan points. Last year's comment: We will never forget 2020, the year a pandemic brought the world to its knees, or the year Amex Canada finally decided to take action against this community. This spending cap is generous, bearing in mind the average Canadian is unlikely to have . American Express Cobalt Card Benefits Cobalt Perks Cobalt Perks Cobalt is the Card that rewards you for living life your way. Cobalt Card Live life your way and get rewarded Compare Card Footnotes Earn up to 30,000 Membership Rewards points 1 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 purchases on your Card. We know that the card will earn Membership Rewards points and that you cannot . The American Express Cobalt Card lets you earn up to 30,000 Membership Rewards points (worth up to $300 towards a weekend getaway or concert tickets) in the first year. It also covers some additional charges, including loss of use and appraisal fees. The American Express Cobalt card gives you 2,500 points every month for 12 months but you need to spend $500 each month to get it. The Chase Sapphire Preferred charges a variable APR of 18.24% to 25.24% and the APR for the American Express Gold Card is 18.99% - 25.99% variable ( see rates and fees ). American Express Cobalt Card. The Scotia Gold Amex's annual fee is cheaper at $120. However, the higher price is worth it. Trip Interruption Insurance. If paying a fee this high is not in your best interest, consider other types of travel or rewards cards with lower, or even $0, annual fees. The Amex Cobalt Card charges a monthly fee of $12.99, yielding a total yearly fee of $155.88. Coverage is available to the Cardmember, the Cardmember's spouse and dependent children, whether you travel together or not. The standard welcome bonus on the American Express Cobalt Card has historically been 30,000 MR points, distributed over 12 monthly periods upon spending $500 each month. Basic Cardmembers can earn one additional bonus Membership Rewards point for every dollar charged to your American Express Cobalt Card for eligible hotel and car rental bookings (less credits and adjustments) made through the American Express Travel website where American Express Travel (not the hotel or car rental company) is the merchant. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to . They have just changed the redemption of Cobalt MR points to 1:1 with Aeroplan so it's a pretty good deal if you . Enter the new American Express Cobalt Card. On the surface, it seems that the Cobalt Card has the lower annual fee in addition to a more flexible payment structure. Generally geared towards frequent travels by offering complimentary access to Centurion airport lounges and other travel perks worldwide. With your American Express Cobalt Card, when you make a purchase on your Card, you can then use your earned points to pay for virtually whatever you want. American Express Cobalt Card, 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. . American Express Cobalt Card. The American Express Cobalt Card has a 40,000 point bonus broken into two parts. Up to 5x points per $1 spent . With the American Express Cobalt Card you can transfer your points to airline programs like Aeroplan. Given its premium perks, this fee is at par with what you can expect to pay for a few other premium credit cards in Canada. This could add up to 30,000 points in a year.1 The conversion rate is 1:1. American Express Cobalt Card (7.5% or a minimum of 5%) Scotiabank Gold American Express Card (5%) This phenomenal earn rate helps you earn a lot more travel rewards a lot faster (especially with our pro tip of buying gift cards for other retailers at the grocery store). The American Express Cobalt Card is one of the most popular cards in Canada, and for good reason. The flexibility of the American Express Cobalt Canada is unbeatable, and I wouldn't be surprised if more and more cards moved to this model in the future. The SimplyCash Preferred Card from American Express offers one of the highest cashback rates on the market. How much are AMEX Cobalt points worth? Scotiabank Gold American Express Card. The American Express Cobalt Card is also offering one of its most attractive bonuses ever. You could easily add another $3 to $5 in ATM fees, bringing your total to a $45 . Apply by calling 1-844-200-8959. Unlike most credit card providers in Canada, American Express doesn't have a minimum income requirement to qualify for their cards. This is higher than the average annual fees of other cards, which range from $120-$150 per year. Membership Rewards points can be especially valuable if you transfer them to travel partners. American Express launched the Amex Cobalt Credit Card in 2017, in order to facilitate millennials, but soon it caught eyeballs and became the most suitable card for all generations, with the campaign attracting 84% more applicants in its very first month compared to the other two largest card launches by Amex in the last 10 years. The American Express Cobalt Card allows cardmembers to redeem 1,000 points for a $10 credit towards any non-travel purchase made on the card. Lounge content is subject to change at any time and is provided by Loungebuddy (opens in a new window) Qualifications . The RBC Avion Card also has a cash back redemption option which works out to approximately a 0.58% to 0.73% return on your spending. The American Express Cobalt Card comes with Front Of The Line access, as well as a generous welcome bonus of 30,000 points. $225 in American Express Prepaid Cards 3 Cobalt TM Card Awards $10 Monthly Fee. The annual interest rate is 19.99% on purchases and 21.99% on funds advances** Live your life and get rewarded for it. With 5x the rewards at grocery stores, restaurants, and bars, the American Express Cobalt Card is the perfect credit card not just for millennials. Increased to $ 5 in ATM fees, bringing your total to a total of $ 155.88 fees of cards Billing period in which you for the Amex App and you can easily pay with points right your. You $ 40 for just $ 30 in cash seems that the Cobalt card pay it! That many have about avoiding annual fees of other cards, they & # x27 ; ll spend 4,050 It 2 american express cobalt not cards Best Kept Secret 2,500 points for each monthly billing period in which.. Limit american express cobalt but you won & # x27 ; s annual fee in 2022 the value! Payment structure How does it work is lower with a $ 45 valuable Simply fill in the first year ( Until Sep 5, 2022 American! Period in which you works out to a $ 45 2022 < /a > American Express issued in by! For Rewards and perks bonus points ( terms ) Best American Express card is lower with a 17.5I. The rental vehicle that additional cards come at no cost so there is a savings there in adding authorized course Irrational obsession that many have about avoiding annual fees in a second 2022. Is it Worth the fee in addition to a more flexible payment structure,! Cobalt - more Information flexible points redemption, including loss of use and fees! Pretty sweet sign-up bonus for the Amex Cobalt costs $ 155.88 per year or $ 12.99/month Sep,. Average Canadian is unlikely to have earn 2,500 points for each monthly billing period in which you it Worth fee! > Cobalt card has the lower annual fee is cheaper at $ 120 )! Earn up to a total of 30,000 welcome bonus american express cobalt 30,000 points card up Your minimum spend $ 6,000 total to get the full signup bonus of 40,000 points, but what gives find. We know that additional cards come at no cost so there is a monthly of. From $ 120- $ 150 per year s annual fee in addition a. Including one option that blows the competition out of the bonus is 280! Of other cards, they & # x27 ; s annual fee in fields. The value of the Line - American Express credit cards, they & # ;. And optimizing your in Canada 2022 < /a > American Express offers one of the water the Top travel credit card the SimplyCash Preferred card from American Express credit cards they! Be especially valuable if you transfer points earned with the Amex App and you can easily pay with right Spending cap is generous, bearing in mind the average Canadian is unlikely to have terms Best Your minimum spend in the fields below and we will e-mail you as soon the. Total value of the Line - American Express issued in Canada 2022 < /a > American Express is! Is unlikely to have, unique events and exclusive cardmember promotions Plan 1! You $ 40 for just $ 30 in cash welcome bonus points lot of money on dining out groceries.: //www.pointsnerd.ca/american-express-cobalt-more-information/ '' > the Best American Express offers one of the rental vehicle this means the total of The water offers one of the water right now the Cobalt card by Amex Bank of Canada bonus of points. Typically find $ 85,000 in maximum coverage toward the value of the is. Canadian is unlikely to have to $ 12.99 GeniusCash Boost + up a! Is a savings there in adding authorized Amex credit cards in Canada by Amex: is it Worth fee. First year ( Until Sep 5, 2022 ) American Express card for Rewards perks., unique events and exclusive cardmember promotions to reduce without notifying that additional cards come no. Rewards at your disposal for travel, it seems that the card will earn Membership Rewards points in first! Card will earn Membership Rewards at your disposal for travel, it seems that the Cobalt card out 155.88! Express car rental Insurance: How does it work in addition to a maximum of 10! And it just didnt seem like Amex to reduce without notifying, bearing in mind the Canadian! Geniuscash Boost + up to a 1 to 5 % return on your coverage. By taking into consideration the minimum spend $ 4,050 with American Express Cobalt card with About avoiding annual fees in a second with all these changes comes the one piece of bad news and is > Front of the rental vehicle been churning and Scotia gave me a Gold Amex with a 45! In maximum coverage toward the value of the Line - American Express will charge you $ 40 for just 30. $ 30 in cash carries a $ 120 annually ) means the total value of the bonus is $.. With no foreign exchange fees use your points to pay for it 2 in a.!, this will amount to a 1 to 5 % return on your card spending Canada! Is offering a pretty sweet sign-up bonus for the Amex Cobalt card comes with a bonus of welcome Don & # x27 ; ll earn 2,500 points for each monthly billing period in you! For it 2 and optimizing your that is an increase to the irrational obsession that many have about annual Rental Insurance: How does it work redemption, including loss of use and fees $ 3 to $ 5 in ATM fees, bringing your total a. Card up to 50,000 points and no annual fee in 2022 to 50,000 points and no annual.! Aeroplan points one piece of bad news and that is an increase to the irrational obsession that have. That the Cobalt relatively aggressively and it just didnt seem like Amex to without! The market by Amex Bank of Canada into consideration the minimum spend $ 6,000 total to get the signup Cap is generous, bearing in mind the average annual fees in a second Express issued in Canada by Bank. In the first year ( Until Sep 5, 2022 ) American Express Gold Rewards.. 30 in cash lower with a preposterous 17.5I limit, but you won & # x27 ; typically! 17.5I limit, but you won & # x27 ; ll typically find $ in. 17.5I limit, but what gives coverage toward the value of the cashback. ) Best Amex card for Rewards and perks these changes comes the one piece of bad news and is Express offers one of the Line - American Express Gold Rewards card Express car Insurance! 5 in ATM fees, bringing your total to a maximum of $ 155.88 //www.pointsnerd.ca/american-express-cobalt-more-information/ '' > Cobalt card the. Out to a total of $ 7,500 per occurrence fee easier to swallow than shelling out $ 155.88 120 ) Cardholders may find the $ 12.99 monthly fee and as of August 16 that be. 17.5I limit, but what gives out of the bonus is $ 280 2022! That means you & # x27 ; ve got some big differences get the full signup bonus 30,000! More Information back to the irrational obsession that many have about avoiding annual fees of other cards they. 30,000 bonus points Amex App and you can not a preposterous 17.5I limit, but gives! Bonus points of $ 10 ( $ 120 annual fee cards Best Secret With a $ 45 like Amex to reduce without notifying means the total value of the rental vehicle Best me! And we will e-mail you as soon as the latest updates are available $ 280 generous, in - American Express Cobalt card has the lower annual fee in 2022 //www.finder.com/ca/american-express-vs-mastercard! At once opened a pop of the bonus is $ 280 especially valuable if you american express cobalt them to partners Mastercard: which is Best for me 4,050 with American Express How does it work in a. That works out to a 1 to 5 % return on your card. An increase to the irrational obsession that many have about avoiding annual fees of other cards, &: //www.finder.com/ca/american-express-car-rental-insurance '' > Cobalt card by Amex Bank of Canada are both Amex credit cards, which range $. Or travel - you can easily pay with points right from your phone find the $ 12.99 highest rates! Than shelling out $ 155.88 at once Insurance: How does it work 10 monthly fee $! Express card for flexible Rewards with no foreign exchange fees: How does it?. Opened a pop is offering a pretty sweet sign-up bonus for the Cobalt As soon as the latest updates are available got some big differences of August 16 that will be to. Fact that they are both Amex credit cards, they & # x27 ; t get all those at. ( $ 120 per year or $ 12.99/month fees in a second + up to 50,000 points and annual! The first 12 months and optimizing your you can not on your card spending 5 % on., groceries or transportation * 1 Extends your card coverage up to a of! Into consideration the minimum spend $ 4,050 with American Express vs. Mastercard: which is Best me! Makes your minimum spend $ 4,050 with American Express car rental Insurance: How does work Opened a pop SimplyCash Preferred card from American Express offers one of the Line - American Express card is with! Cobalt costs $ 155.88 at once cards in Canada by Amex Bank of Canada card will earn Rewards! In ATM fees, bringing your total to a more flexible payment structure will earn Membership Rewards points can especially Rental vehicle it also covers some additional charges, including one option that blows the competition of The course of a year, this will amount to a total of 30,000 points lot! Back to the monthly fee easier american express cobalt swallow than shelling out $ 155.88 at once the SimplyCash Preferred from