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The American Express Cobalt™ credit card is ideal for those who enjoy earning and redeeming reward points. 

This card has a low monthly fee and no minimum income requirement, making it a suitable option for nearly all consumers. 

Travellers, in particular, can benefit from the great travel perks offered by The American Express Cobalt™, including several types of travel insurance.


  • Earn bonus points quickly
  • Travel advantages


  • Annual Fee - $120 annual fee (or $10 monthly fee) required.
  • Convenience - Not accepted at all stores in Canada.
  • Point Restrictions - Redeemable points may not be as attractive as cash back options.


  • At least 18 years for age
  • You need to be employed


Card type Credit card
Payment network Amex
Yearly fee 156 CA$
Age limit 18
Interest rate 20,99 %
Effecitve interest rate 20,99 %
Interest free days undefined dagar
Max credit Unlimited credit
Foreign Currency Conversion Fee 2,50 %
Withdrawl fee 0,00 %

Calculate the costs of American Express Cobalt

Choose your credit

2 000 CA$
0 CA$ 25 000 CA$
2 Year
1 Month 15 Year


  • Interest 20,99 %
  • Total cost 466 CA$
  • Total repayment amount 2 466 CA$
  • Monthly repayment amount 103 CA$
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About the American Express Cobalt™ Card

From great rewards to entertainment and travel perks, the American Express Cobalt™ card has many favourable benefits. 


One of the most attractive features of the American Express Cobalt™ is the opportunity to earn membership rewards points. 

Cardholders can earn points in the following ways:

  • Food and drink - 5 points per $1 spent at participating restaurants, bars, etc. in Canada.
  • Transportation and travel - earn 2 points per $1 spent on qualifying transit or gas purchases in Canada.
  • All other purchases - earn 1 point per $1 spent on all other purchases.

American Express Cobalt™ also offers cardholders the ability to earn up to 45,000 bonus membership rewards points in their first year. To earn these bonus points, cardholders must meet the following minimum purchase requirements:

  • $500 in charges per billing period - if a cardholder meets this purchase requirement they will earn 2,500 membership rewards points per billing period during the first year. This can result in up to 30,000 bonus points (12 billing periods x 2,500 points = total of 30,000 points).
  • $3,000 in charges during the first three months - American Express Cobalt™ cardholders that meet this minimum will earn 15,000 bonus points. To qualify, cardholders must apply by May 5, 2021.


One of the greatest perks provided by Amex credit cards is access to live events. Through American Express’ Front of The Line, a partnership with Live Nation, cardholders can experience the following:

  • Exclusive Front of the Line tickets to events and live shows including sports, concerts, arts, theatre, and more
  • Presale tickets to Live Nation events
  • Digital Front of the Line updates and information
  • Special access and offers


In addition to room upgrades and discounted amenities at various hotels and resorts, the American Express Cobalt™ also comes with several types of travel insurance. 

Travelling with an American Express Cobalt™ credit card provides:

  • Delayed flight insurance
  • Luggage insurance - including insurance for lost, stolen or delayed baggage
  • Interprovincial and international emergency medical insurance 
  • Accident insurance
  • Rental car insurance, and more

Cardholder Services

Cardholders also receive top-quality customer service with the American Express Cobalt™ credit card. This includes:

  • Online account access
  • 24/7 customer support
  • Anti-fraud systems, and more

Card Information 

Interest: 19.99% (purchases), 21.99% (cash advances)

Minimum age: Age of majority in your province or territory.

  • British Columbia - 19+
  • Alberta - 18+
  • Saskatchewan - 19+
  • Manitoba - 18+
  • Ontario - 18+
  • Quebec - 18+
  • New Brunswick - 19+
  • Nova Scotia - 19+
  • Prince Edward Island - 18+
  • Newfoundland and Labrador - 19+
  • Nunavut - 19+
  • Northwest Territories - 19+
  • Yukon - 19+

Card Network: American Express

Yearly Fee: $120 (or $10 per month) 

Max Credit: $20,000

Interest-Free Days: Like most Canadian credit cards, the American Express Cobalt™ provides cardholders with a 21-day interest-free grace period.

Currency Exchange Fees: 2.5% on all foreign transactions and foreign ATM withdrawals. 

Additional Cards: Additional cards can be requested at no extra charge. However, to receive additional cards, the account must be well maintained and minimum payments must always be made. Additional cardholders must be 13 years of age or older. A cardholder may get up to 9 additional cards.

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