Amex Cobalt
- Annual fee
- $191.88
- Earns
- MR points
- Point value
- 2 CPP
- Credits a year
- Up to $60
Welcome offer
1,250 MR points for each month you spend $750, up to 15,000 in your first year
≈ $300 at 2 CPP
Earning rates
| Category | Earns | Return |
|---|---|---|
| Dining | 5x | 10% |
| Groceries | 5x | 10% |
| Gas | 2x | 4% |
| Travel | 1x | 2% |
| Everything else | 1x | 2% |
Return is what each $1 of spend is worth with points valued at 2 CPP.
Credits and benefits
- Instacart statement credit$5 a month
Up to $60 a year if you use every credit. Track them in the benefits tracker
Transfer partners for MR points
| Partner | Ratio | Transfer time |
|---|---|---|
| Accor Live Limitless | 1:0.5 | Usually immediate, up to 48 hours |
| Air Canada Aeroplan | 1:1 | Instant (up to 30 minutes) |
| British Airways | 1:1 | Up to 30 minutes |
| Cathay Pacific | 1:0.75 | 5 business days |
| Delta | 1:0.75 | Instant (up to 30 minutes) |
| Flying Blue AIR FRANCE KLM | 1:1 | Up to 5 business days |
| Hilton Honors | 1:1 | 5 business days |
| Marriott Bonvoy | 1:1.2 | Up to 48 hours |
About the Amex Cobalt
The Amex Cobalt is a personal American Express card in Canada from Amex with a $191.88 annual fee that earns MR points. It earns 5x on dining, 5x on groceries, 2x on gas and 1x on everything else. The current welcome offer: 1,250 MR points for each month you spend $750, up to 15,000 in your first year. It comes with 1 statement credit worth up to $60 a year if you use them all. Points transfer to 8 airline and hotel partners, including Accor Live Limitless, Air Canada Aeroplan and British Airways. AwardHack values MR points at 2 CPP.
Frequently asked questions
What is the Amex Cobalt annual fee?
The Amex Cobalt has a $191.88 annual fee. Its statement credits add up to $60 a year if you use all of them.
What is the Amex Cobalt welcome bonus?
1,250 MR points for each month you spend $750, up to 15,000 in your first year. AwardHack values that at about $300.
Does the Amex Cobalt include airport lounge access?
No, the Amex Cobalt doesn't include airport lounge access.
Where can I transfer MR points?
To 8 partners: Accor Live Limitless (1:0.5), Air Canada Aeroplan (1:1), British Airways (1:1), Cathay Pacific (1:0.75), Delta (1:0.75), Flying Blue AIR FRANCE KLM (1:1), Hilton Honors (1:1) and Marriott Bonvoy (1:1.2).
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Offers, fees and benefits change often. Check the issuer's site before you apply.