American Express
Earn up to $1,221 in rewards your first year, flexible points usage, and premium perks. 21.99% purchase rate, $191.88 annual fee, fair credit required.
Introducing the American Express Cobalt® Credit Card
The American Express Cobalt® Credit Card stands out as a leading Canadian rewards card, offering exceptional value whether your focus is on travel, dining, or everyday purchases. With an annual fee of $191.88, you benefit from flexible Membership Rewards, an attractive welcome bonus, and a competitive purchase interest rate of 21.99%.
Cardholders can earn up to $1,221 worth of rewards in the first year by maximizing bonus categories and everyday spending. The card typically requires a fair credit score to qualify, making it accessible to a wide range of Canadians looking for premium perks.
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Applying for the American Express Cobalt® Credit Card is a straightforward process:
- Confirm your eligibility: be a Canadian resident with the provincial age of majority and at least a fair credit score.
- Gather required personal and financial information for your application.
- Visit the official American Express application portal online and complete the form.
- Review your application for accuracy and submit for approval.
- Once approved, activate your card and start earning rewards from your purchases.
Principais vantagens
A major advantage is the industry-leading rewards structure: earn 5x points on eligible dining, food delivery, and groceries, 3x on streaming services, and 2x on transit and gas. Points can be redeemed for travel, merchandise, statement credits, and more.
Additionally, cardmembers will enjoy exclusive travel perks, mobile device insurance, hotel upgrades, and presale ticket access to events through Amex Experiences. The flexibility of the Membership Rewards program ensures value for diverse lifestyles.
Principais desvantagens
One downside to the Cobalt Card is the annual fee of $191.88, which might outweigh benefits for infrequent spenders. The 21.99% purchase interest rate also means carrying a balance can quickly accumulate charges.
Furthermore, American Express is not accepted at as many merchants in Canada as Visa or Mastercard, which may limit usage in certain locations, especially in less urban areas or small retailers.
Veredicto final
For Canadians looking to get the most out of their credit card spending, the American Express Cobalt® Credit Card delivers strong earning potential, valuable perks, and unmatched flexibility. While the annual fee and acceptance rate are factors to consider, its rewards and benefits make it a top-rated offer for those who frequently dine out, travel, or seek everyday value.
