← All cards

American Express Cobalt Card — American Express Canada

American Express Canada American Express

American Express Membership Rewards

Futello catalogue profile

American Express Cobalt Card

Relevant if: you use the Membership Rewards program and its documented categories.

Less suitable if: you do not recover at least $191.88 in value to offset the annual fee.

Annual fee: $191.88
Reward type: Membership Rewards
Welcome offer: Confirmed offer · not valued in the estimate
First-year estimate (without the offer): $843.12

Data verified on September 7, 2026

Estimate with my spending

Futello estimate

Estimated net value — first year, without the offer

$843.12

Annual fee thereafter: $191.88
First-year fee: To be confirmed — recurring fee of $191.88

View the official page

View calculation details

This estimate combines the card’s ongoing value in a balanced scenario with the portion of its welcome offer earned during the first 12 months.

Ongoing net value in the scenario: $843.12
Recurring annual fee already deducted: $191.88
Welcome-offer value earned during the first 12 months: Offer confirmed, but not yet valued by Futello — not included
First-year fee: To be confirmed — recurring fee of $191.88

Balanced reference scenario

Value calculated with a balanced spending basket of $36,000 per year.

Everyday purchases$11,250
Gas / charging$4,500
Groceries$11,250
Pre-authorized payments$4,500
Restaurants$4,500

A welcome offer is confirmed for this card, but Futello does not yet have a certified value to include it. The estimate is therefore limited to the card’s recurring value minus the first-year fee; the real first-year value will be higher if you meet the offer’s conditions.

The total amount matches the selected level and is applied entirely to this card. Rewards are projected from the certified balanced scenario; fees are never multiplied. A first-year fee rebate is applied only when confirmed in the published offer. Ordinary rewards on required spending are not counted twice.

First year

Welcome offer

Current offer is in line with past offers
Offer quality: Fair based on verified history
Offer changed recently

Welcome bonus: 15,000 points Membership Rewards
Requirements: $9,000 in spending within 12 months · 12 tiers
Last verified: August 27, 2026 · Verified 25 days ago

New offer observed — August 27, 2026

Historical context

In line with the 2 verified offers in Futello history.

Offers observed from January 1, 2021 to December 31, 2021
Welcome bonus: min. 15,000 · median 17,500 · max. 20,000
Comparison at limited confidence · the current offer is not part of the comparison baseline

See observed offers

Earlier offer · observed in 2021 20,000 points $3,000 in spending within 3 months
Earlier offer · observed in 2021 15,000 points $3,000 in spending within 3 months
August 27, 2026 15,000 points $9,000 in spending within 12 months current offer

Facts come from the data published by Futello (official issuer source, verified history). The page does not estimate anything on its own. Are credit-card welcome bonuses worth it? · How offers are evaluated

Email me if this offer changes

Earning

Rewards

Category	Reward	Conditions
Other purchases	1 point per dollar	No published cap
Groceries, restaurants and food delivery	5 points per dollar	Cap not documented
Food delivery, Groceries, and Restaurants	5 points per dollar	$2,500 cap / month · 1 point per dollar after the cap
Gas, transit and ridesharing, Taxis and ridesharing, and Public transit	2 points per dollar	No published cap
Streaming subscriptions	3 points per dollar	No published cap

Fees and eligibility

Annual fee thereafter: $191.88
Additional card: $0, up to 9 cards
Published minimum income: Not documented
Availability in Quebec: Available

Geographic eligibility never guarantees approval.

Benefits

Front Of The Line (priority ticket access)Confirmed
The Hotel CollectionConfirmed
Up to $60 in Instacart statement creditsConfirmed

Insurance

Lost or stolen baggage insurance Not documented

Conditions

Lost or Stolen Baggage Insurance
View source
Baggage delay insurance Not documented

Conditions

Baggage Delay Insurance
View source
Rental car collision and loss damage insurance Not documented

Conditions

Car Rental Theft and Damage Insurance
View source
Extended warranty Not documented

Conditions

Buyer's Assurance Protection Plan
View source

View 5 more coverages

Flight delay insurance Not documented

Conditions

Flight Delay Insurance
View source
Emergency travel medical insurance Not documented

Conditions

Out of Province/Country Emergency Medical Insurance (For under age 65)
View source
Mobile device insurance Not documented

Conditions

Included coverage; detailed conditions remain in the official certificate.
View source
Purchase protection Not documented

Conditions

Purchase Protection Plan
View source
Travel accident insurance Not documented

Conditions

Travel Accident Insurance
View source

Published combinations

Role in a strategy

Comparable alternatives

Published values use the same scenario within each use; groups do not form one overall ranking.

Best for groceries

Cash Back World Elite MastercardDesjardins · Mastercard

Annual fees: $100
Annual net value: $305

View card

SimplyCash Preferred Card from American ExpressAmerican Express Canada · American Express

Annual fees: $119
Annual net value: $301

View card

Go further

Evergreen guides with no numbers that go stale, and the full Futello methodology.

Sources and uncertainties

Unconfirmed information remains distinct from an absence. Always review current terms with the issuer.

View source