American Express Cobalt
Amex Membership Rewards1.5¢ – 4.0¢
$192 annual fee
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The category benchmark for grocery and dining spend in Canada, earning 5x on both, plus 3x on streaming and 2x on transit. The $191.88 annual fee is billed monthly. Variable Membership Rewards CPP means returns can range from 1.5 to 4 cents per point depending on how you redeem. Best earn-rate card for everyday spending.
Earn Rates
🛒 Groceries — Amex accepted5x🍽️ Dining5x📺 Streaming3x⛽ Gas2x🚇 Transit2x·Everything else1x
💡 Food delivery (Uber Eats, DoorDash) also earns 5x. Streaming earns 2x.
Annual Benefits
$60 in Instacart credits
Face value: $60 first year
Realistic value: $50 — our estimate of what most users will actually realize
Welcome Bonus
Smart Bonus Strategy — Earn 24,000 points
See spend breakdown below
Minimum spend bonus
Spend $750 in 1 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 2 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 3 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 4 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 5 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 6 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 7 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 8 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 9 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 10 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 11 months
1,250 pts × 1.5¢+$19Minimum spend bonus
Spend $750 in 12 months
optimal stop1,250 pts × 1.5¢+$19Min. spend earnings9,000 pts × 1.5¢+$135
Annual benefits$60 in Instacart credits+$50
Annual fee-$192
Net first-year value+$218
Compare to Similar Cards
American Express Green
Amex Membership Rewards1.5¢ – 4.0¢
$0 annual fee
you could earn$509
View full details →
American Express Gold
Amex Membership Rewards1.5¢ – 4.0¢
$250 annual fee
you could earn$707
View full details →+Add a card to compareSearch by card name