American Express® Cobalt® Card review

Name: American Express Cobalt Card
Brand: American Express

4.8Rated 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: $156
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: Earn up to 15,000 Membership Rewards points in the first year (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: $156
Purchase interest: 21.99%
Cash advance: 21.99%
Foreign transactions: 2.5%

$12.99 billed monthly.

Compare American Express® Cobalt® Card with…

vs CIBC Aeroplan Visa Business Card vs American Express Business Gold Rewards Card vs Scotiabank Gold American Express vs American Express Platinum Card

Last updated June 1, 2026Reviewed by CreditCardGuru Editorial Team

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

Annual fee: $120/yr
Welcome bonus: ~$650
Top reward: 6x groceries

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 American Express®

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4.7·Frequent travellers who want top-tier lounge access and transferable points

Annual fee: $799/yr
Welcome bonus: ~$1,200
Top reward: 3x dining & food delivery

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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.

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Cite this page

“American Express® Cobalt® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/amex-cobalt, updated June 1, 2026.