American Express Cobalt Card
The Amex Cobalt is one of Canada's most popular rewards cards, paying a market-leading 5x points on dining and groceries with a monthly fee structure and rich Membership Rewards perks.
Why it ranks
- Best-in-class earn rate on food and drink
- Flexible, transferable Membership Rewards
- Monthly fee spreads the cost
What holds it back
- Billed as a monthly fee that adds up annually
- Amex acceptance narrower than Visa or Mastercard
- 2.5% foreign transaction fee
Advertiser disclosure: we may be paid if you apply through our links. Ratings are editorial. Confirm today's terms on the issuer's site — offers change.
The Amex Cobalt is one of Canada's most popular rewards cards, paying a market-leading 5x points on dining and groceries with a monthly fee structure and rich Membership Rewards perks.
American Express Cobalt Card at a glance
| Issuer | American Express Canada |
| Card network | Amex |
| Annual fee | C$155 |
| Welcome bonus | Earn points monthly through a welcome bonus period |
| Rewards rate | 5x on dining and groceries, 3x on streaming, 2x on travel |
| Intro APR | Not applicable |
| Regular APR | 21.99% on purchases, 21.99% on cash advances |
| Foreign transaction fee | 2.5% on foreign currency purchases |
| Credit needed | Good to excellent credit |
| Best for | Foodies and renters maximising dining and grocery rewards |
| Airport lounge access | No |
Rewards & benefits
- 5x Membership Rewards points on dining and groceries
- 3x points on eligible streaming services
- 2x points on travel and transit
- Flexible point transfers to airline and hotel partners
Eligibility & who it suits
- Canadian resident and of provincial age of majority
- Good to excellent credit history
- No specified high minimum income
- Pass American Express Canada's application review
How to apply
Check current rates on American Express Canada’s official site →
This opens the issuer’s official application page in a new tab. We may earn a commission if you are approved — it never changes the terms you receive.
Rates, fees, welcome offers and benefits are provided for general information, can change at any time, and may not reflect current terms. Always confirm the latest details on the issuer’s official site before applying. This is not financial advice.
How it ranks against similar Canada cards
| Rank | Card | Annual fee | Rewards | Welcome offer | Foreign fee | Who qualifies | Score |
|---|---|---|---|---|---|---|---|
| 1 | AEAmerican Express CanadaCobaltC$155/yr · CA American Express Cobalt CardFoodies and renters maximising dining and grocery rewards |
C$155/yr | 5x on dining and groceries, 3x on streaming, 2x on travel | Earn points monthly through a welcome bonus period | 2.5% on foreign currency p… | Good to excellent credit | |
| 2 | SScotiabankGoldC$120/yr · CA Scotiabank Gold American Express CardDiners and grocery shoppers who travel abroad |
C$120/yr | 5x on groceries, dining and entertainment; 3x on gas/transit | Large Scene+ points welcome bonus after spend | 0% on foreign currency pur… | Good to excellent credit |
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