Amex Cobalt Review Canada 2026

Por julio • atualizado há 1 minute atrás

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The Amex Cobalt is built for everyday spenders who want maximum travel points on food and drink. At 55.88/year (2.99/month) on the American Express network, here is everything you need to know before applying.

Amex Credit Cards at a Glance

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Why the Amex Cobalt Stands Out

✓ What makes it worth it:

  • 5x on food is the highest earn rate in Canada
  • Points transfer 1:1 to Aeroplan (worth 2+ cents each)
  • Monthly bonus structure - no lump sum pressure
  • 60,000+ points/year possible with normal spending

✗ What to consider:

  • 2.5% foreign transaction fee
  • Amex not accepted everywhere
  • 55.88/year adds up
  • Need a Visa/Mastercard backup for non-Amex merchants

Verdict: Who Should Get This Card?

The best everyday earning card in Canada, period. 5x on food means every coffee, grocery run, and restaurant meal builds your Aeroplan balance faster than any other card. Transfer to Aeroplan for 2+ cents per point value. The only downside is Amex acceptance - carry a Visa backup for the few places that do not take it. For more options, see our see all best cards ranked guide.

Ready to apply? Go directly to Amex:

APPLY ON AMEX →

✓ Official Amex website  |  ✓ Secure application  |  ✓ Takes 5-10 minutes

What credit score do I need for the Amex Cobalt? ▼

Standard Amex cards typically require a score of 650+. If your score is below that, consider a secured card first to build history.

Is the 55.88/year (2.99/month) annual fee worth it? ▼

Calculate your expected annual rewards based on the earn rates above. If they exceed 55.88/year (2.99/month), the card pays for itself. Most cardholders who spend $2,000+/month break even easily.

Can I get the Amex Cobalt as a newcomer to Canada? ▼

Amex has dedicated newcomer programs. If you have been in Canada less than 5 years, check their newcomer page for cards with relaxed eligibility.

This review is for informational purposes only and does not constitute financial advice. Credit card terms and conditions change. Verify current details directly on the Amex website before applying.