tarjeta American Express
High rewards on food, travel and streaming. Flexible redemption, fair credit score required. $15.99/month fee, up to $1380 first-year value potential.
The American Express Cobalt® Credit Card stands out in Canada for those seeking top-notch rewards on everyday spending. The interest rate is 21.99% on purchases, and the monthly fee is $15.99, totalling about $192 per year. This card is accessible to those with a fair credit score, opening the door to flexible points and premium perks without a high income requirement.
With a generous earn rate, you can get up to 5x points on eats, drinks, streaming, and groceries, making it an ideal card for city dwellers and frequent diners. You can use points for travel, events, statement credit, or even streaming services, so the flexibility fits all lifestyles. The estimated first-year value is up to $1,380, combining welcome bonuses and annual rewards.
Cómo aplicar: Paso a paso
- Check if you meet the minimum age requirement in your province.
- Ensure your credit score is fair or higher (typically 660+).
- Gather your personal and financial details.
- Visit the American Express Cobalt® application page.
- Fill out the form, submit, and wait for a quick decision.
Ventajas clave
This card’s big draw is its impressive rewards rates: 5x points for food and drink, plus 3x for streaming. Travel perks include access to hotel deals and $1,000 in mobile device insurance. Redemption is highly flexible—use your points on travel, tickets, statement credits, or even everyday purchases. No minimum income is required, which makes it accessible to more Canadians.
The welcome offer can give you up to 15,000 points in your first year by hitting spend targets. This means you can offset the annual fee quickly if you use the card actively for dining, groceries, and entertainment. It’s especially great for young professionals and urban families.
Posibles inconvenientes
Compared to flat-fee, no-annual-fee cards, the Cobalt® Card’s monthly cost can add up. Some may also find the rewards structure complicated if they don’t frequently spend in bonus categories. As it’s an Amex, acceptance can be inconsistent with some merchants, which is important to consider.
Certain travel insurance benefits are less comprehensive than on premium-tier cards, so frequent global travellers should review them closely. For those who rarely eat out or prefer straightforward cash back, a simple no-fee alternative may suit better.
Veredicto final
Overall, the American Express Cobalt® Credit Card is a leading choice for earning high rewards in Canada, especially for those whose spending leans toward food, entertainment, and travel. The flexible redemption and attractive perks outweigh the annual cost for active users. If your habits align and you want to get rewarded daily, this is easily one of the top contenders on the market.
