American Express Cobalt Card
|
The American Express Cobalt Card stands out as a top rewards card for everyday spending, particularly on dining and travel. For a monthly fee of $12.99, you can earn up to 5x points on eligible dining and drinking, 3x on streaming subscriptions, 2x on travel and transit, and 1x on all other purchases. Cardholders also enjoy exclusive benefits such as Front Of The Line access to events, perks from The Hotel Collection, and comprehensive insurance coverage.
Welcome Offer
Earn up to 15,000 Membership Rewards points in the first year by spending $750 monthly.
Summary
Rewards
This credit card offers impressive rewards on a variety of spending categories. Earn 5x points on eligible dining and groceries, and 3x points on streaming services. For travel and transit, you’ll get 2x points, while all other purchases earn 1x point. Plus, when you book eligible hotel stays or car rentals through Amex Travel, you’ll earn an additional point. This card is perfect for maximizing rewards on everyday expenses and travel-related purchases.
Benefits
This credit card comes with several premium benefits designed to enhance your lifestyle and travel experiences. Enjoy access to exclusive events and presales with Front Of The Line, giving you priority for concerts, shows, and more. When staying at properties in The Hotel Collection, receive special benefits such as room upgrades and dining credits. Protect your phone with mobile device insurance, ensuring peace of mind against damage or theft. Additionally, the card includes comprehensive travel insurance, covering you for various travel-related issues, making it an excellent choice for frequent travelers and event enthusiasts.
Insurance
- Out of Province/Country Emergency Medical Insurance up to $5,000,000
- Trip Interruption/Cancellation, Flight Delay, and Baggage Insurance
- Car Rental Theft and Damage Insurance
Editor’s Review
American Express Cobalt® Card Review
Overview: The American Express Cobalt Card is a premium rewards card ideal for those who want to earn points on everyday spending categories such as dining, groceries, and travel. It offers robust rewards rates, valuable travel benefits, and comprehensive insurance coverage.
Key Features:
- Interest Rate: 21.99% on purchases and cash advances
- Annual Fee: $12.99 monthly ($155.88 annually)
- Welcome Bonus: Up to 15,000 Membership Rewards® points in the first year
- Rewards Rate: Up to 5X points on eligible purchases
Rewards Program:
- Earn 5X points on eats & drinks, including restaurants and food delivery
- Earn 3X points on streaming subscriptions
- Earn 2X points on travel and transit
- Earn 1X points on all other purchases
- Redeem points for travel, merchandise, gift cards, and more
- Transfer points to various frequent flyer programs
Fees:
- Annual Fee: $155.88 ($12.99 monthly)
- Additional Card: No annual fee
- Foreign Transaction Fee: None
Benefits:
- Front Of The Line presale and reserved tickets for concerts and events
- Special benefits at The Hotel Collection properties
- Mobile device insurance up to $1,000
- Complimentary membership to the Boingo Wi-Fi network
Insurance Coverage:
- Emergency Medical Insurance: Up to $5,000,000 for eligible expenses
- Trip Cancellation Insurance: Up to $1,500 per person
- Flight Delay Insurance: Up to $500
- Baggage Delay Insurance: Up to $500
- Car Rental Theft and Damage Insurance
- Travel Accident Insurance: Up to $250,000
- Purchase Protection® Plan: Covers purchases against damage or theft for 90 days
- Buyer’s Assurance® Protection Plan: Extends the manufacturer’s warranty up to one additional year
Security Features:
- 24/7 customer service
- Fraud Protection Guarantee
- Emergency card replacement
Pros:
- High rewards rate on dining and travel
- Comprehensive travel and purchase protection
- No foreign transaction fees
Cons:
- Monthly fee structure
- High interest rates
Who is this card for? The American Express Cobalt Card is best suited for individuals who spend significantly on dining and travel and want to maximize their rewards points. It’s ideal for frequent travelers who can take advantage of the card’s extensive travel benefits and insurance coverage.
Comparison Table:
| Feature | American Express Cobalt® Card | RBC Avion Visa Infinite | TD Aeroplan Visa Infinite |
|---|---|---|---|
| Annual Fee | $155.88 | $120 | $139 |
| Rewards Rate | Up to 5X points | 1 pt / $1 | 1.5 Aeroplan pts / $1 |
| Welcome Bonus | Up to 15,000 pts | Up to 55,000 pts | Up to 50,000 pts |
| Travel Insurance | Comprehensive | Comprehensive | Comprehensive |
| Foreign Transaction Fee | None | 2.5% | 2.5% |
Final Verdict: The American Express Cobalt Card is an excellent choice for those who want to earn significant rewards on dining and travel. Its high rewards rates, extensive insurance coverage, and lack of foreign transaction fees make it a standout option for frequent travelers and food enthusiasts. The monthly fee structure is unique but manageable given the card’s benefits. Overall, it scores a 8.9 out of 10 for its exceptional rewards program and travel perks.
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
There are no reviews yet.