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⚖ Add to comparisonAmerican Express Canada · Amex
American Express Cobalt Card
For renters and people who spend heavily on food, the Cobalt's 5x on dining and groceries is hard to top, and the points transfer to airline and hotel partners for outsized value. Watch the structure though: it's billed around CAD 12.99 a month, so about CAD 155.88 a year whether or not you use it, and Amex acceptance is narrower than Visa. If most of your spend is gas, bills or big-box retail rather than food, the Scotiabank Gold or a flat-rate cashback card fits better; check the current monthly fee and earn caps on Amex Canada's site.
⟳ Rates & fees verified June 2026 — always confirm the current terms on the issuer's official site before applying.
What you earn
- ✓Earn 5x Membership Rewards points on dining and groceries
- ✓Collect 3x points on eligible streaming services
- ✓Pick up 2x points on travel and transit
- ✓Move points to airline and hotel partners on flexible terms
👍 Pros
- + Earn rate on food and drink is among the very best
- + Membership Rewards points are flexible and transferable
- + Charging the fee monthly spreads the cost out
👎 Cons
- – Charged as a monthly fee that totals up over the year
- – Amex is accepted at fewer places than Visa or Mastercard
- – Charges 2.5% on foreign currency purchases
Can you get it?
- ▸Live in Canada and meet your province's age of majority
- ▸Hold a good to excellent credit record
- ▸No high minimum income is specified
- ▸Clear American Express Canada's application review
Requirements are general guidance — the issuer makes the final decision. Learn more about card requirements →
Decided on the American Express Cobalt Card?
Finish your application on the issuer's own secure site.
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