American Express Cobalt Card

Benefits & AMEX Canada Points Calculator
Calculate how many AMEX Cobalt points you can earn based on spend, the cash value of those points, and the transfer of those points to partners.
Last Updated 2022-06-06

The American Express Cobalt® Card is one of the best travel credit cards in Canada due to the amount of flexible rewards points you can easily earn using the card on everyday spending.

Points can be redeemed for high value towards airfare purchased with American Express, transferred to a handful of airline and hotel partners such as Air Canada Aeroplan and Marriott Bonvoy, redeemed towards purchases made towards the card, and much more.

The fact that the American Express Cobalt Card earns 5X points on grocery and dining also makes it the one the best grocery credit cards and best dining credit cards in Canada as well.

Overall, the AMEX Cobalt Card is easily worth it due to the high return you can earn on your spending and the flexibility of the rewards you can earn. I highly recommend picking up this card if you're looking to earn rewards best redeemed towards travel.

Card Details At-A-Glance

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AMEX Cobalt bonus categories

The AMEX Cobalt Card features the following bonus categories and earning rates:

The 5X earning rates on the grocery and dining categories share a combined spend cap of $30,000 per year. After you've hit that cap, you'll earn at the non-category rate of 1X for all grocery and dining purchase for the remainder of the year.

The 2X categories do not have a cap and there's no cap on how many points you can earn with the Cobalt Card overall.

5X Grocery

The AMEX Cobalt Card earns 5 Membership Rewards Points per $1 spent at stand-alone grocery stores in Canada.

5X Dining

The AMEX Cobalt Card earns 5 Membership Rewards Points per $1 spent at restaurants, quick service restaurants, coffee shops and drinking establishments in Canada. This includes the delivery of food and groceries in Canada as a primary business.

3X Streaming Subscriptions

The AMEX Cobalt Card earns 3 Membership Rewards Points per $1 spent on streaming subscriptions. This includes:

  • Apple TV+
  • Apple Music
  • Crave
  • Disney+
  • fuboTV
  • hayu
  • Netflix
  • RDS
  • SiriusXM Canada
  • Spotify
  • TSN

2X Travel

The AMEX Cobalt Card earns 2 Membership Rewards Points per $1 spent on travel services or travel bookings. This include air, water, rail and road transport, lodging, and tour operator sales.

This does not include local and commuter transport.

2X Transit

The AMEX Cobalt Card earns 2 Membership Rewards Points per $1 spent at stand-alone automobile gas stations in Canada.

2X Gas Station

The AMEX Cobalt Card earns 2 Membership Rewards Points per $1 spent at stand-alone grocery stores in Canada.

1X Everything Else

All other purchases with the AMEX Cobalt Card earns 1 Membership Rewards Point per $1 spent.

+1 AMEX Travel Online

For every $1 you spend on eligible hotel and car rental bookings through American Express Travel Online with your AMEX Cobalt Card, you'll earn 1 additional Membership Rewards Points. This gives you a total of 2 points per $1 spent.

AMEX Cobalt benefits

The AMEX Cobalt Card features the following card benefits:

The Hotel Collection

As an AMEX Cobalt Card member, you will be able to book hotels through The Hotel Collection with American Express Travel. When booking, you'll receive the following benefits when you stay at least two consecutive nights:

  • $100 USD hotel credit, to spend on qualifying dining, spa and resort activities (qualifying activities vary by property)
  • One-category room upgrade at check-in, when available

American Express Benefits

The AMEX Cobalt Card comes with a bunch of American Express benefits which includes but is not limited to:

  • American Express Experiences
  • AMEX Offers (Enrollment Required)
  • Exclusive Offers via American Express Travel Online

Mobile Coverage

When you fully charge or finance the purchase price of an eligible mobile device to your AMEX Cobalt Card, you can be covered for up to $1,000 per insured person, in the event of theft, loss or accidental damage, anywhere in the world.

Purchase Coverage

The AMEX Cobalt Card features the following shopping coverage:

Travel Coverage

The AMEX Cobalt Card features the following travel coverage:

AMEX Cobalt points value

Redemption option AMEX point value in cents
Transferring points to airline partners 1.2 - 2
Airfare via AMEX Fixed Points Travel program 1.5 - 2
Travel via AMEX Flexible Points Travel program 1
Charity donations 1
Redeeming points towards card purchases 1
Gift cards 0.76
Using points at checkout on Amazon.ca 0.7
Shopping for merchandise through AMEX Shop 0.4 - 0.6

Membership Rewards Points earned with the AMEX Cobalt Card are worth between 1.5 and 2 cents each on average towards airfare. This means 30,000 points has a cash value of $450 to $600.

Points can also be redeemed for charity donations, card purchases, and towards travel using the AMEX Flexible Points Travel program at a value of 1 cent apiece.

AMEX Cobalt point transfer

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AMEX Cobalt points can be transferred to 8 partners which includes 6 frequent flyer programs and 2 hotel loyalty programs.

AMEX points to Aeroplan points

Aeroplan is one of the best transfer partners of the Membership Rewards program thanks to the 1:1 transfer ratio. 1,000 AMEX points earned with the AMEX Cobalt Card can be converted into 1,000 Aeroplan points.

This means you can earn the equivalent of 5X Aeroplan points on grocery and dining purchases which is far more points than you can earn with any of Aeroplan's own co-branded credit cards.

AMEX points to British Airways Avios

British Airways Executive Club is another fantastic transfer partner of the Membership Rewards program. AMEX points earned with the Cobalt Card can be transferred at a 1:1 ratio meaning that 1,000 points can be converted to 1,000 Avios.

This makes it very easy to build points that are great for traveling to Europe. Avios earned with British Airways are also great for short-haul trips between various destinations in Europe as well in the United States using American Airlines and Alaska Airlines.

AMEX Cobalt Point Calculator

Input your monthly and yearly spend amounts into the AMEX Cobalt Point Calculator to find out how many points you can earn. Compare the results side by side up to two credit cards from any issuer.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

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FAQ

What is the AMEX Cobalt Card?

The AMEX Cobalt Card is a Membership Rewards credit card offered by American Express to those in Canada.

How much are AMEX Cobalt points worth?

Points earned with the AMEX Cobalt are worth between 1.5 and 2 cents each when redeemed for airfare through the AMEX Fixed Points Travel program.

Can you transfer points earned with the AMEX Cobalt Card?

Yes. Points earned with the AMEX Cobalt can be transferred to 8 partners including Air Canada Aeroplan, British Airways Executive Club, and Delta SkyMiles.

Does the Cobalt Card have an annual fee?

Yes. The annual fee for the Cobalt Card is $12.99 per month.

Is there a cost to add additional cardholders to the AMEX Cobalt Card?

No. You can add additional cardholders for $0.

Is the AMEX Cobalt Card worth it?

Yes. The AMEX Cobalt Card is one of the best credit cards available in Canada due to it's high multipliers and flexible travel rewards.