American Express® Cobalt® Card vs Business Platinum Card from American Express®
The short answer: for most people the American Express Cobalt Card is the better overall card — we rate it 4.8/5 and it shines if you want foodies and everyday spenders who want maximum points on dining and groceries. Choose the Business Platinum Card from American Express instead if your priority is maximizing rewards on all purchases.
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| Our rating | 4.8 | 4.8 |
|---|---|---|
| Annual fee | $156/yr | $799/yr |
| Welcome bonus | ~$300 | ~$1,914 |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | points | points |
| Top earn rates |
|
|
| Purchase interest | 21.99% | 20.99% |
| Income required | None stated | None stated |
| Best for | Foodies and everyday spenders who want maximum points on dining and groceries | Maximizing rewards on all purchases |
| Apply now | Apply now |
American Express® Cobalt® Card
Our winnerThe 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.
Business Platinum Card from American Express®
The Business Platinum Card from American Express earns up to 1.25x on all purchases and carries a $799 annual fee. We estimate around $1914 in first-year value. Figures are illustrative — verify current terms with American Express.
Frequently asked questions
Is the American Express Cobalt Card or the Business Platinum Card from American Express better?
For most Canadians, the American Express Cobalt Card is the better overall pick (we rate it 4.8/5 vs 4.8/5). It's especially strong if you want foodies and everyday spenders who want maximum points on dining and groceries. The Business Platinum Card from American Express can still win if you specifically want maximizing rewards on all purchases.
Which card has the lower annual fee?
The American Express Cobalt Card has the lower annual fee (a $156 annual fee vs a $799 annual fee).
Do either of these cards charge foreign transaction fees?
American Express Cobalt Card: 2.5% foreign transaction fee. Business Platinum Card from American Express: 2.5% foreign transaction fee.