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American Express Cobalt Card

American Express Cobalt Card

5x points on groceries, restaurants and food delivery.

PointsAmex

Where to Sign Up

Great Canadian Rebates and FinlyWealth pay you extra cash back on top of the card's own rewards.

These are referral links. I may earn a bonus if you sign up, at no cost to you.

Key Facts

Fee
$15.99 a month
Groceries, restaurants, food delivery
5x points (up to 12,500 points a month)
Streaming
3x points
Gas, transit, rideshare
2x points
Everything else
1x points

Facts checked November 2026. Rates and fees can change.

The Amex Cobalt in Short

The American Express Cobalt Card costs $15.99 a month. It earns 5 Membership Rewards points per $1 on groceries, restaurants and food delivery in Canada (up to 12,500 points a month), 3 on streaming, 2 on gas, transit and rideshare, and 1 on everything else. Points can be moved to airline and hotel programs like Aeroplan and Marriott Bonvoy.

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Questions

Does the American Express Cobalt Card have an annual fee?

Yes. Fee: $15.99 a month.

Can I use the American Express Cobalt Card at Costco?

Not in Costco warehouses. Costco in Canada only takes Mastercard (and debit), and this is an Amex.

How do I get extra cash back when I apply for the American Express Cobalt Card?

Apply through Great Canadian Rebates or FinlyWealth. They pay you a cash rebate when you're approved, on top of the welcome offer from the bank.

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