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American Express Cobalt Card

Name: American Express Cobalt Card
Brand: American Express

4.8

Welcome bonus

Up to 15,000 Membership Rewards points

5x eats & food delivery
5x groceries — 5x on up to $30,000/yr
3x eligible streaming

Annual fee: $192
Interest rates: Purchases
21.99%
Cash advances
21.99%
Foreign transactions: 2.5%

Rated by the CreditCardGuru Editorial Team

The Cobalt is the gold standard for food-and-grocery earning in Canada. If you spend heavily at restaurants and supermarkets and value flexible, transferable points, nothing else comes close.

At a glance

Annual fee: $192
Welcome bonus: $300
Foreign tx fee: 2.5%
Network: AMEX
Rewards: points
Purchase APR: 21.99%

Rewards & earn rates

Eats & food delivery	5x
Groceries5x on up to $30,000/yr	5x
Eligible streaming	3x
Travel	2x
Transit & gas	2x
Gas	2x
Everything else	1x

Welcome offer: Up to 15,000 Membership Rewards points (Earn 1,250 points for each monthly billing period you spend $750).

Pros & cons

Pros

Best-in-class earn rate on dining and groceries
Membership Rewards transfer to Aeroplan, Marriott & more
Low monthly fee is easy to justify for foodies

Cons

2.5% foreign transaction fee
Amex is less widely accepted than Visa/Mastercard

Perks & insurance

Key perks

Transfer points 1:1 to airline & hotel partners
Amex Offers (targeted statement credits)
Front Of The Line event presale & reserved tickets

Insurance

$1,000 mobile device insurance
Travel accident insurance
Car rental theft & damage
Flight & baggage delay
Hotel/motel burglary

Rates & fees

Annual fee: $192
Purchase interest: 21.99%
Cash advance: 21.99%
Foreign transactions: 2.5%

$15.99 billed monthly ($191.88/year).

Compare American Express Cobalt Card with…

vs Scotiabank® Gold American Express® Card vs TD Aeroplan Visa Infinite vs Desjardins Odyssey Visa Infinite Privilege

Last updated August 28, 2026Reviewed by CreditCardGuru Editorial Team

Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but American Express can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on American Express's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and American Express's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with American Express. Trademarks belong to their respective owners.

Similar cards to consider

Guru Pick Scotiabank

Scotiabank® Gold American Express® Card

4.7·Grocery shoppers and travellers who want no foreign transaction fees

Annual fee: $120/yr
Welcome bonus: $950
Top reward: 6x at sobeys, safeway, freshco, foodland and more

No 2.5% foreign transaction fee
6x on groceries is one of the highest in Canada

Suggested score 720+ · Excellent credit

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No FX fee

Guru Pick Desjardins

Desjardins Odyssey Visa Infinite Privilege

4.2·Affluent Quebec travellers who want luxury Visa Infinite Privilege perks, generous earn rates and best-in-class travel insurance.

Annual fee: $295/yr
Top reward: 4x restaurants

4% back on dining, entertainment and transit with a strong 1.5% base
60-day travel insurance plus 18 combined lounge visits per year

Suggested score 760+ · Excellent credit

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

200+ Canadian cards tracked
Transparent rating methodology
Updated continuously

Cite this page

“American Express Cobalt Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/amex-cobalt, updated August 28, 2026.