In this video we discuss the Amex Cobalt Card, a top Canadian travel rewards credit card offering high points multipliers on everyday spending categories like food, streaming, gas, and transit. Strategically use this card to maximize points accumulation, including leveraging supplemental cards for trusted family members to boost your earnings.
Key Features of American Express Cobalt
5x points on restaurants, bars, cafes, groceries, and food delivery up to $2,500/month
3x points on eligible streaming services
2x points on eligible gas, transit, and ride shares in Canada
1x point on all other purchases
AMEX Cobalt Terms
Welcome bonus gives 15,000 points spread over the first year by spending $750 each month
Monthly fee of $12.99 makes it budget-friendly
Points Earning Strategy
- Spending $750 monthly on food yields 5,000 points/month including sign-up bonus
- Use supplemental cards for trusted family members to increase points earned across households
Example: 3 cardholders spending $750 each yields up to 150,000 points in the first year - Ideal for Canadians who spend regularly on food, gas, and streaming and want a flexible, powerful rewards program
- Supplemental cards help accelerate points but require full trust, as the primary cardholder is responsible for all charges
- Use points for flights, hotels, or statement credits to help fund travel goals
- The AMEX Cobalt is recommended as a foundational card for Canadian travel rewards enthusiasts who want consistent, flexible, and accelerated points earning potential..
