AMEX-Cobalt (1)

AMEX Cobalt Credit Card Review (Earn 45,000 points!)

The AMEX Cobalt credit card was my favourite credit card for the longest time. And if AMEX never shut down my AMEX credit cards, I would keep using this as my permanent credit card. Despite my trust issues with AMEX after their unjustified shut down, I still think this is one of the best credit cards for Canadians. Just don’t keep any points balance on this card should you decide to get it.

I have no affiliation with AMEX or this credit card.

VIDEO – AMEX Cobalt Credit Card Review

Where to sign-up for this credit card

The best place to sign-up for the AMEX Cobalt credit card is from Great Canadian Rebates where you can get a $40 cash back. The cash back will help reduce the amount of fees you pay on an annual basis ($10 fee per month). Do keep in mind that if you’ve gotten this card before, you might not get the points again.

The current AMEX Cobalt credit card promotion (expiring May 5, 2021) also gives you an additional 15,000 points after spending $3000 in your first three months. Since you can earn 2,500 points every month after spending $500, you can potentially earn 45,000 points in your first year holding this credit card.

Other features

  • Earn 5 points for every $1 spent on groceries and food deliveries (capped at $30,000 or 150,000 points)
  • Earn 2 points for every $1 spent on eligible transit purchases (including gas)
  • For all other purchases, you will earn 1 points for every $1 spent
  • Earn 5,000 points for every person you refer (capped at 75,000 points)
  • Emergency medical insurance (up to $5,000,000)
  • Lost, stolen, baggage insurance (up to $500)
  • Baggage delay insurance (up to $500)
  • Hotel or motel burglary insurance (up to $500)
  • Car rental loss or damage insurance

Points transfer partner

Unlike the other AMEX charge cards, the AMEX Cobalt credit card’s transfer partners are limited to hotel chains.

The first one is Marriott Bonvoy with a transfer ratio of 1:1.2. The second hotel chain partner is Hilton with a transfer ratio of 1:1. While Marriott is the superior hotel chain to transfer your points to, the Hilton isn’t bad at all. So if you need to top up your Hilton Honors points balance, it might not be a bad idea to transfer your Cobalt points to that hotel loyalty program.

Other uses for the AMEX Cobalt MR select points

You can also use your AMEX MR select points towards travel purchases. You’ll get a statement credit when you apply your points on your travel purchases. For every 1,000 points you use towards a travel purchase, you will get $10 in statement credits in return. When staying in a hotel, sometimes, it’s wise to look at the statement credit versus the points you need to transfer to Marriott Bonvoy. There are times that the statement credit is actually the superior route to save you points.

Other methods of using your AMEX Cobalt MR select is through the Fixed Points travel program. Admittedly, I have never redeemed my points through this method before.

AMEX Cobalt

AMEX Cobalt

Glancing at the Fixed Points Travel program, I do think if the AMEX Cobalt card is your only credit card, then it might not be a bad idea to redeem a flight using your points. Obviously, you want to make a redemption that is close to the max dollar amount listed on the chart; otherwise, I don’t think it would be worth it. If you make a Fixed Points Travel program redemption, keep in mind that these flights is round-trip. Since the flights is round-trip, I actually think the points to dollar redemption ratio is fair.


The AMEX Cobalt credit card is one of the best travel credit cards for Canadians. Once I’m allowed to apply for AMEX cards again, this will be one of the cards I will definitely apply for. Though, I probably won’t make it my main card since I don’t trust AMEX Canada anymore.

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