American Express Cobalt Card

Annual fee

$192

Welcome offer

Up to 15,000 points

Market

Canada · CAD

Biggest part of the offer: Spend $750 in a monthly billing period, each month of your first year.

See full terms at Amex

What it's worth before you spend

Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.

Year 1

$18

+$150 welcome bonus
+$60 yearly credits
−$192 fee

Year 2

−$132

Costs $132 a year until your spending covers it.

Every year after

−$132

Costs $132 a year until your spending covers it.

Plus 11 benefits with no fixed dollar value, like The Hotel Collection, Emergency Medical Insurance and Flight Delay Insurance. Their worth depends on how you use the card, so they're not counted above. See them all

Estimated as of Sep 25, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.

Welcome offer

Offer may end without notice. If you have or have had this card, Amex may still approve you, but you won't get the offer.

15,000 points: worth $150 at 1¢ a point, or up to $330 on travel (2.2¢ a point). How that works

1Spend $750 in a monthly billing period, each month of your first year1,250 pts × 12≈ $150 est.Year 1

Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.

What it earns

Valued at 1¢ per point. Amex Membership Rewards points can be worth more on travel. How that works

Where you spend	Earns	Back per $1 (est.)
Dining & Restaurants	5 pts per $	5¢
Groceries	5 pts per $	5¢
Streaming	3 pts per $	3¢
Gas & Fuel	2 pts per $	2¢
Transit	2 pts per $	2¢
Everything else	1 pt per $	1¢

What else you get

Statement credits

Instacart Monthly Credit$5/mo
$5 back each month you place a $10+ Instacart order in Canada, until Dec 31, 2027
up to $60/yrEnroll first

Perks

The Hotel Collection
Up to US$100 hotel credit, room upgrade and late checkout on 2+ night stays booked through Amex Travel
Every booking

Insurance · 10

Emergency Medical Insurance
Out-of-province emergency medical, up to $5,000,000, first 15 days of a trip, under 65
Flight Delay Insurance
Delays or denied boarding of 4+ hours: meals, hotel and essentials up to $500, shared with baggage delay
Baggage Delay Insurance
Checked bag delayed 6+ hours: essentials up to $500, shared with flight delay
Lost or Stolen Baggage Insurance
Bags lost, damaged or stolen in transit, up to $500 per trip

Show all 10

Car Rental Theft and Damage Insurance
Theft or damage of a rental car valued up to $85,000, rentals of 48 days or less
Hotel Burglary Insurance
Personal items stolen from your hotel room in a break-in, up to $500
Travel Accident Insurance
Accidental death or dismemberment on a plane, train, ship or bus, up to $250,000
Mobile Device Insurance
Theft, loss or accidental damage of a phone or tablet, up to $1,000, for 2 years
Purchase Protection Plan
Accidental damage or theft of eligible items for 90 days after purchase, up to $1,000 per occurrence
Buyer's Assurance Protection Plan
Extends the manufacturer's warranty on eligible new items by up to 1 extra year

Got this card? We'll tell you when to use it.

PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.

Fine print

Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by Amex. Card and program names belong to their owners.

Details last checked Sep 25, 2026.