RewardsTravelAmerican Express

American Express Cobalt Card

American Express

The foodie's dream card with 5X on eats and drinks in Canada, plus flexible point transfers to airline and hotel partners.

The American Express Cobalt Card is a American Express American Express card with a $192 annual fee. It earns 5 MR points per $1 on Eligible restaurants, stand-alone grocery stores, and food delivery in Canada. Listed welcome offer value: $150+.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $192
Purchase interest rate: 21.99%
Cash advance rate: 21.99%
Earn rates: 5 MR points per $1 on Eligible restaurants, stand-alone grocery stores, and food delivery in Canada (Capped at $2,500/month combined spend, then 1 pt/$1); 3 MR points per $1 on Eligible streaming subscriptions in Canada; 2 MR points per $1 on Gas, transit, rideshare in Canada; 1 MR point per $1 on All other purchases
Welcome offer: $150+
Foreign transaction fee: 2.5%
Income requirement: Not listed

How this score is calculated

Formula

Net annual value(50%)5.0
Welcome bonus(15%)1.9
Foreign transaction fee(10%)2.5
Insurance & perks(15%)3.8
Purchase interest rate(10%)2.5

What are the fees and rates?

Verified 2026-10-09

Annual Fee

$192

Additional card: $0

Purchase Interest Rate

21.99%

Cash advance: 21.99%

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The American Express Cobalt Card earns 5 MR points per $1 on Eligible restaurants, stand-alone grocery stores, and food delivery in Canada.

Eligible restaurants, stand-alone grocery stores, and food delivery in Canada

Capped at $2,500/month combined spend, then 1 pt/$1

5 MR points per $1

Eligible streaming subscriptions in Canada

3 MR points per $1

Gas, transit, rideshare in Canada

2 MR points per $1

All other purchases

1 MR point per $1

Is there a welcome offer?

Yes. The listed welcome offer value is $150+.

Up to 15,000 Membership Rewards points: earn 1,250 points per month when you spend $750 in each of your first 12 months

Value: $150+

New cardmembers only

Pros

Best-in-class 5X on food and drinks
Flexible point transfers to Aeroplan, Marriott, and more
Monthly fee structure is budget-friendly
No annual fee for additional cards

Cons

$191.88/year ($15.99/month)
American Express acceptance limited
2.5% foreign transaction fee

What perks are included?

5X on food and drinks in Canada
Transfer points 1:1 to Aeroplan, Marriott Bonvoy, and more
Front of the Line presale ticket access
Instacart statement credits
Monthly fee structure ($15.99/month)

What insurance is included?

Travel Emergency Medical – Under age 65

Flight Delay

Baggage Delay

Car Rental Insurance – Up to $85,000 MSRP, 48 days

Purchase Protection – Up to $1,000 for 90 days

Mobile Device Insurance – Up to $1,000 for 2 years

Extended Warranty – Up to 1 additional year

Frequently asked questions

What is the annual fee on the American Express Cobalt Card?

The American Express Cobalt Card has a $192 annual fee.

What rewards does the American Express Cobalt Card earn?

5 MR points per $1 on Eligible restaurants, stand-alone grocery stores, and food delivery in Canada (Capped at $2,500/month combined spend, then 1 pt/$1); 3 MR points per $1 on Eligible streaming subscriptions in Canada; 2 MR points per $1 on Gas, transit, rideshare in Canada; 1 MR point per $1 on All other purchases