American Express Cobalt Card

The American Express Cobalt Card earns Membership Rewards points, with 5x on eligible restaurants and food delivery, 3x on streaming and 2x on gas and transit. It has a $191.88 annual fee billed monthly, a 2.5% foreign currency commission, emergency medical cover for travellers under 65, and no lounge access or trip cancellation insurance.

See the card at American Express Compare with other cards

Facts last verified October 28, 2026 against the issuer's own pages. Rates and offers change; confirm with the issuer.

Amex Cobalt at a glance

Flexible Membership Rewards points with strong earning on restaurants and streaming, plus basic travel insurance.

Annual fee: $191.88 (billed $15.99 a month)
Purchase interest rate: 21.99%
Foreign transaction fee: 2.5%
Network: American Express
Rewards program: Membership Rewards
Lounge access: None included
Baggage benefit: None stated
Minimum income: No minimum income stated

Best for flexible travel rewards

Key benefits of the Amex Cobalt

5x points on restaurants and food delivery
Points usable for purchases, travel or transfers
Emergency medical, delay and baggage cover

Current offer: Up to 15,000 Membership Rewards points in the first year.

1,250 points for each month you spend $750, up to 15,000. No end date shown; current or former cardmembers are not eligible.

Offer checked October 28, 2026. Offers can differ by province and can be withdrawn at any time.

How Amex Cobalt earns and redeems rewards

Earn rates for American Express Cobalt Card
Where you spend	Earn rate
Eligible restaurants, bars and food delivery in Canada	5x points per $1
Eligible streaming subscriptions in Canada	3x points per $1
Gas, transit and ride share in Canada	2x points per $1
Everything else	1x point per $1
Eligible hotel or car rental booked on Amex Travel Online	1 extra point per $1

Points can pay for eligible purchases at 1 cent per point (1,000 points = $10), be used for travel through Amex Travel, or be transferred to airline and hotel partners. The partner list and transfer ratios sit behind a login, so check them in your account before you plan a redemption.

Travel insurance included with the Amex Cobalt

Emergency medical: Up to $5,000,000 for the first 15 consecutive days of a trip, for insured travellers under age 65.
Trip cancellation and interruption: No trip cancellation or interruption insurance is listed.
Flight delay and baggage: Flight delay of 4 hours or more and baggage delay of 6 hours or more share up to $500; lost or stolen baggage up to $500 per trip.
Conditions and exclusions: Travel costs generally must be charged to the card. All cover is subject to the master policy's limits and exclusions; Quebec residents should read the Insurance Summary and Fact Sheet.

Card insurance is narrower than a standalone policy. Compare travel insurance for Canadians if your trip is long, you are 65 or older or you have a health condition.

Who can apply for the Amex Cobalt

Canadian resident with a Canadian credit file
Age of majority in your province or territory
Subject to credit approval

Advantages and drawbacks

Advantages

Strong earning on restaurants, food delivery and streaming
Points are flexible: statement credit, Amex Travel or transfer partners
Includes emergency medical, flight delay, baggage and rental car cover
No annual fee on additional cards

Drawbacks

The $191.88 annual fee is billed monthly, so it is easy to underestimate
2.5% foreign currency commission on purchases in other currencies
No lounge access and no trip cancellation or interruption insurance
Only 1x on purchases outside the bonus categories; American Express is accepted in fewer places abroad

Amex Cobalt compared with similar cards

American Express Cobalt Card compared with similar travel credit cards
Card	Annual fee	Foreign fee	Rewards	Lounge
Amex Cobalt	$191.88	2.5%	Membership Rewards	None included
RBC Avion Visa Infinite	$120	2.5%	Avion Rewards	None included
Scotiabank Gold Amex	$120	None	Scene+	None included
Amex Platinum	$799	2.5%	Membership Rewards	Global Lounge Collection (1,550+ lounges); Plaza Premium and Priority Pass visits become limited from 2027 unless $20,000 is spent in a year

Amex Cobalt FAQs

What is the annual fee on the Amex Cobalt?

The fee is $191.88 a year, billed as $15.99 a month outside Quebec and $191.88 a year in Quebec. Additional cards have no annual fee. Because it is billed monthly, compare it with other cards on the yearly total.

Does the Amex Cobalt have a foreign transaction fee?

Yes. American Express charges a 2.5% foreign currency commission on purchases made in other currencies. For travel spending abroad that cost is worth comparing with cards that charge no foreign transaction fee.

What travel insurance comes with the Amex Cobalt?

It lists emergency medical cover of up to $5,000,000 for the first 15 consecutive days, for travellers under 65. It also lists flight and baggage delay, lost baggage and rental car cover. It does not list trip cancellation or interruption insurance, so you may want a separate policy for prepaid trips.

Can I transfer Cobalt points to airlines?

American Express says Membership Rewards points can be transferred to airline and hotel partners, or used for travel or purchases. The current partner list and ratios are shown in your account, so check them before you book. Using points for purchases is valued at 1 cent per point.

Who is the Amex Cobalt best for?

It suits people who spend heavily on restaurants, food delivery and streaming and want flexible points rather than one airline's miles. It is less suited to people who want lounge access or trip cancellation cover from their card. Check that the monthly fee is outweighed by what you would really earn.

Sources and last verified date

Facts on this page were last verified on October 28, 2026. We use the issuer's own pages first and leave out anything we cannot confirm.

TripRadr is not a lender, broker or financial adviser, and this page is general information, not financial advice. The issuer link on this page is a plain link and TripRadr earns nothing from it. See how we compare and verify cards.

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