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American Express® Cobalt Card
Best Everyday Card
Terms & Conditions apply
- The American Express® Cobalt Card is the best in Canada for collectors who want to earn flexible Membership Rewards® points from everyday spending.
- You’ll earn an unmatched 5x points per dollar on eats and drinks, plus useful travel and purchase insurance.
- Points transfer to Marriott Bonvoy®, Hilton Honors, Aeroplan®, Flying Blueand other airlines. Sometimes there’s a transfer bonus.
Welcome Points: 15,000
Welcome Value: $590
Annually Fee: $191.88 ($15.99 Monthly)
The American Express® Cobalt Card is your go-to card for earning the most Membership Rewards® points from everyday household spending on food and groceries.
You’ll earn an unmatched 5x points per dollar spent on restaurants, grocery stores, and food delivery in Canada, up to $2,500 per month.
You’ll earn valuable Membership Rewards® points on all your purchases. Points can be transferred to top airline and hotel partners like Aeroplan®, Flying Blue, Marriott Bonvoy®, and Hilton Honors for nearly free travel.
You’ll also get access to American Express® Offers and Front of the Line.
Card Welcome Offer
New cardholders can earn up to 15,000 bonus Membership Rewards® points with the American Express® Cobalt Card
- You’ll earn 1,250 Membership Rewards® points each month when you spend $750 in that month, for the first 12 months.
This offer makes it easy to earn rewards through regular monthly spending on groceries, restaurants, and food delivery.
Check out our guide on how to meet minimum spend requirements without overspending to make sure you maximize your welcome bonus.
Card Welcome Offer Value
At Adventures With Points (AWP), we value Membership Rewards® points at 2.2 cents per point.
You’ll get about $390 in value in the first year with the American Express® Cobalt Card
- The 15,000 welcome bonus points are worth $330.
- You’ll get $60 in Annual Instacart Credits, earned as $5 per month, to save on grocery deliveries.
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Plus, you’ll get useful travel and purchase insurance, worth about $200.
American Express® Cobalt Card
Best Everyday Card
Welcome Points: 15,000
Welcome Value: $590
Annually Fee: $191.88 ($15.99 Monthly)
Card Annual Fee
The American Express® Cobalt Card has an annual fee of $191.88, billed monthly at $15.99.
While the fee increased in November 2025the card’s unmatched 5x points on eats, drinks, and groceries easily outweigh the fee.
There’s no first-year fee rebate, but the high earning power and flexible Membership Rewards® points make it the most rewarding everyday card in Canada.
You can also add up to two Authorized users with no additional fee, letting others in your household help you earn points faster.
Card Annual Value
At Adventures With Points (AWP), we value Membership Rewards® points at 2.2 cents per point.
You’ll get about $260 in annual value from the American Express® Cobalt Card
- You’ll get $60 in Annual Instacart Credits, earned as $5 per month, to save on grocery deliveries
- You’ll also get useful travel and purchase insurance, worth about $200.
The American Express® Cobalt Card shines with an unprecedented earning power of 5 Membership Rewards® points per dollar on the largest household expenses of eats and drinks, up to $2,500 a month.
Card Rewards Earning
With the American Express® Cobalt Card, you’ll earn:
- 5 Membership Rewards® points per dollar spent on dining, food delivery in Canada, up to $2500 a month. That’s superior to any other card.
- 3 Membership Rewards® points per dollar spent on streaming subscriptions in Canada.
- 1 Membership Rewards® point per dollar spent on everything else.
AWP TIP
You’ll earn 5 Membership Rewards® points per dollar with your American Express® Cobalt Card at grocery stores like FreshCo, Metro, Longo’s, and Sobeys, as well as on food delivery services like Instacart.
It’s worth considering shifting some of your shopping to grocery stores that accept American Express® to maximize your earnings and avoid leaving points on the table.
We recommend pairing the Cobalt with a mid-tier Aeroplan® Visa such as the TD® Aeroplan® Visa* Infinite or CIBC Aeroplan® Visa* Infinite, for grocery stores that don’t accept American Express, like No Frills, or by purchasing Costco Shop Cards online.
That way, you’ll earn points on all your eats and drinks in every category.
Card Benefits
With the American Express® Cobalt Card, you’ll enjoy flexible benefits for all your spending.
Membership Rewards® Points Earning Power: You’ll earn 5 Membership Rewards® points per dollar on eats and drinks, 3 points on streaming, and 1 point on everything else. Points can be transferred to top airline and hotel partners like Aeroplan®, Flying Blue, Marriott Bonvoy®, and Hilton Honors for free travel.
Annual Instacart Credits: You’ll get $60 in Annual Instacart Credits, earned as $5 per month, to save on grocery deliveries.
Travel and Purchase Coverage: You’ll get useful protection, including flight and baggage delay, car rental theft and damage, hotel or motel burglary, and travel accident coverage.
American Express® Benefits: You’ll also enjoy access to American Express® Offers and Front of the Line® for presale tickets.
Beginner’s Guide
From points newbie to booking your first trip.
Learn how easy it’s for Canadians to earn and redeem points with the best reward credit cards and programs. Make your first redemption for almost free travel in no time.
Card Insurance
With the American Express® Cobalt Card, you’ll get basic travel insurance and purchase coverage, including:
- Common Carrier Travel Accident Insurance: Up to $250,000.
- Flight Delays: Up to $500 total per trip if your flight is delayed more than 4 hours.
- Delayed or Lost/Stolen Baggage: Up to $500 total per trip if your baggage is delayed for 6 hours or more.
- Auto Rental Collision/Loss Damage Insurance: Comprehensive coverage for vehicles up to $85,000 MSRP.
- Hotel/Motel Burglary: Up to $500 per occurrence.
You’ll also get valuable purchase protection when you pay with your American Express® Cobalt Card:
- Extended Warranty: Doubles the manufacturer’s warranty up to one additional year.
- Purchase Protection: Covers items for 90 days.
- Mobile Device Insurance: Up to $1,000 for repair or replacement if your phone is stolen or damaged when the monthly bill is paid with your card.
Unlike some other mid-range rewards cards, the American Express® Cobalt Card doesn’t include Travel Medical, Trip Cancellation, or Trip Interruption Insurance.
Please review the card’s insurance certificate for complete details, terms, conditions, and eligibility.
Best Ways To Earn and Redeem
American Express® Membership Rewards® points are the most valuable points in Canada. At Adventures With Points (AWP), we value them at 2.2 cents per point because there are so many ways to earn and redeem them for nearly free travel.
You’ll earn plenty of Membership Rewards® points with many American Express® cards. You’ll earn them fast with welcome bonuses on cards like the American Express® Platinum Rewards Card and through everyday category multipliers on cards like the American Express® Cobalt Card.
You’ll get the most value by transferring points to top airline and hotel partners like Aeroplan®, Flying Blue, Marriott Bonvoy®, and Hilton Honors to book nearly free travel.
Whether you’re visiting family in Canada or planning a luxury vacation in Europe, Membership Rewards® points will take you there for far less.
American Express® Membership Rewards® Cards
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Welcome Points: 120,000
Welcome Value: $5,100
Annual Fee: $799
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Welcome Points: 40,000
Welcome Value: $1,300
Annual Fee: $199
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Welcome Points: 15,000
Welcome Value: $590
Annually Fee: $191.88 ($15.99 Monthly)
