Advertiser Disclosure

American Express Cobalt® Card

Rates and Fees

Annual Fee: $155.88 CAD

Bonus Miles

Bonus Points

15,000

Recommended Credit

670 - 850

Current Offer

Earn 1,250 Membership Rewards points for every month you spend $750 (for the first 12 months).

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

All information about the American Express Cobalt® Card has been collected independently by Daily Drop.

‍

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

15,000

Bonus Points

Earn 1,250 Membership Rewards points for every month you spend $750 (for the first 12 months).

All information about the American Express Cobalt® Card has been collected independently by Daily Drop.

‍

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Summary

This is certainly one of the best starter cards for Canadians. Not only does it have a low monthly fee, but it also earns valuable Membership Rewards points that can be transferred to airline and hotel programs. It's a valuable card without the high price tag or fuss of a premium card. The highlight of the card is that it earns 5X points on ALL eats and drinks including groceries, dining, bars, and even some gas stations/convenience stores. It's great for racking up a lot of points!

Earning Rewards

5X points per $1 on dining and food delivery
3X points per $1 on streaming services
2X points per $1 on travel
1x points per $1 on everything else

Additional Benefits

Transfer your points to airline and hotel partners
Amex offers for various merchants
Monthly fee instead of annual fee

Foreign Transaction Fee

2.5% of transaction amount in CAD

Also consider

American Express® Gold Rewards Card

Annual Fee: $250 CAD

Rates & Fees | Terms Apply

70,000

Bonus Points

Earn 5,000 Membership Rewards points for each month in which you spend $1,000 (for the first 12 months). Earn 10,000 more points when you spend a total of $4,000 on the card.

70,000

Bonus Points

Earn 5,000 Membership Rewards points for each month in which you spend $1,000 (for the first 12 months). Earn 10,000 more points when you spend a total of $4,000 on the card.

This is a great card for people who want to dabble in the Amex Membership Rewards space without needing to shell out a huge annual fee. This card earns Membership Rewards Points on all purchases and comes with a hefty signup bonus relative to its modest annual fee. *All information about the American Express® Gold Rewards Card has been collected independently by Daily Drop.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🚀 Learn How to Apply

👀 Read Our Take

The Platinum Card®

Annual Fee: $799 CAD

Rates & Fees | Terms Apply

100,000

Bonus Points

Earn 70,000 Membership Rewards points when you spend $10,000 in the first 3 months. Earn another 30,000 points when you make a single purchase between months 14 and 17 of card holdership.

100,000

Bonus Points

Earn 70,000 Membership Rewards points when you spend $10,000 in the first 3 months. Earn another 30,000 points when you make a single purchase between months 14 and 17 of card holdership.

Much like its U.S. counterpart, the Amex Platinum Card is a must-have for globetrotters. It comes with premium perks, great insurance, worldwide lounge access, numerous credits, and earns points that you can transfer to many travel partners. *All information about The Platinum Card® has been collected independently by Daily Drop.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🚀 Learn How to Apply

👀 Read Our Take