Canada · personal card · American Express Canada
American Express Cobalt Card review
Earns 5 Membership Rewards points per $1 on eats and drinks in Canada, 3 on streaming, 2 on gas, transit and rideshare, and 1 on everything else.
Key facts
- Issuer
- American Express Canada
- Network
- Amex
- Annual fee
- $192 ($15.99/month for non-Quebec residents ($191.88/year); no fee for Additional Cards)
- Welcome offer
- Earn up to 15,000 Membership Rewards points: 1,250 points per monthly billing period with $750 spend in first year
- Purchase rate
- 21.99%
- Cash advance rate
- 21.99%
- Foreign transaction fee
- 2.5%
- Minimum personal income
- Not stated
- Minimum household income
- Not stated
- Available in Quebec
- Yes
- Insurance
- Out of Province/Country Emergency Medical Insurance (under 65); Flight Delay; Baggage Delay; Hotel Burglary; Lost or Stolen Baggage; $250,000 Travel Accident; Car Rental Theft and Damage
- Est. net value / yr
- $388 ($580 rewards − $192 fee)
- Points value
- Amex Membership Rewards (Canada) at 1.15¢ CAD each
Rewards
Earns 5 Membership Rewards points per $1 on eats and drinks in Canada, 3 on streaming, 2 on gas, transit and rideshare, and 1 on everything else.
Earn rates the issuer states: base 1 pts · gas 2 pts · dining 5 pts · travel 2 pts · everyday 1 pts. Category earn applies to eligible purchases in Canada
Perks
Front of the Line presale tickets; up to $60 Instacart credits; Hotel Collection
How we put this page together
Every figure here was read on American Express Canada’s own page on October 7, 2026; fields the page did not state are shown as “not stated” rather than estimated. The net value estimate uses the method on our Canada methodology. Card rules and your rights as a cardholder: FCAC. Note: Fee quoted monthly. Spend $9,000 = $750 x 12 derived. Quebec fee quoted on page. Dining category named "eats & drinks".
Frequently asked questions
What is the annual fee on the American Express Cobalt Card?
$192 ($15.99/month for non-Quebec residents ($191.88/year); no fee for Additional Cards), as read on American Express Canada’s website on October 7, 2026.
Is there a foreign transaction fee on the American Express Cobalt Card?
The issuer states a 2.5% foreign currency conversion fee.
What income do I need for the American Express Cobalt Card?
The issuer’s page did not state a minimum income when we read it.
More American Express Canada cards
Earns 2 Aeroplan points per $1 on Air Canada, 1.5 on dining and food delivery in Canada and at Hyatt, and 1 on everything else, with a free first checked bag.
Earn: base 1 pts · dining 1.5 pts · travel 2 pts · everyday 1 pts
- Annual fee
- $120 (Charge card, no preset limit; fee rises to $150 on Jan 12 2027; $50 per Additional Card)
- Est. net value / yr
- $637
- Welcome offer
- 35,000 Aeroplan points after $7,500 in 6 months plus 10,000 points after $1,000 in month 13
- Foreign transaction fee
- Not stated
Earns 3 Aeroplan points per $1 on Air Canada, 2.5 at Hyatt, 2 on eligible hotels and car rentals in Canada, and 1.25 on everything else.
Earn: base 1.25 pts · travel 3 pts · everyday 1.25 pts
- Annual fee
- $599 (Rises to $799 on Jan 12 2027; $199 per supplementary Business Reserve Card)
- Est. net value / yr
- $338
- Welcome offer
- Elevated offer: 80,000 Aeroplan points after $10,500 in 3 months plus 40,000 points after $3,500 in month 13
- Purchase rate
- 21.99%
- Foreign transaction fee
- Not stated
Earns 3 Aeroplan points per $1 on Air Canada, 2 on dining and food delivery in Canada and at Hyatt, and 1.25 on everything else, with Maple Leaf Lounge access and a companion pass.
Earn: base 1.25 pts · dining 2 pts · travel 3 pts · everyday 1.25 pts
- Annual fee
- $599 (Annual fee rises to $799 on Jan 12 2027; $199 per Additional Reserve Card (no-fee companion card available))
- Est. net value / yr
- $396
- Welcome offer
- 60,000 Aeroplan points after $7,500 in 3 months plus 25,000 points after $2,500 in month 13
- Purchase rate
- 21.99%
- Foreign transaction fee
- Not stated
Earns 1 Membership Rewards point per $1 plus a 10,000-point bonus each quarter in which $20,000 is charged.
Earn: base 1 pts · everyday 1 pts
- Annual fee
- $199 (Charge card; Employee Cards $50 each)
- Est. net value / yr
- $146
- Welcome offer
- Elevated offer: 60,000 points after $7,500 in 3 months plus 30,000 points after $30,000 in first year (up to 90,000)
- Foreign transaction fee
- Not stated
Rates, fees and offers are shown as we read them on each issuer’s own website on the date shown, in Canadian dollars, and can change at any time. Confirm current terms with the issuer before applying. General information, not financial advice. Partner links, where they exist, never change the order. Affiliate disclosure. Card rules and consumer protections: Financial Consumer Agency of Canada.