Is American Express (Amex) Cobalt Card worth it in Canada?

28 Apr 2023

The Amex Cobalt in Canada provides various opportunities to earn rewards, as every purchase earns the cardholder Membership Rewards points. By frequently using the card, especially on those that offer 2x, 3x, or even 5x the points, you can quickly accumulate points to redeem for a wide range of items.

Although not comprehensive, the insurance coverage included with the Amex Cobalt in Canada can be invaluable in case of any mishaps during your next trip.

As a rewards credit card, the American Express Cobalt Card enables cardholders to earn Membership Rewards points with each purchase, which can be utilized to pay for eligible expenses, such as groceries, fuel, gift cards, merchandise, and American Express Travel Online bookings.

Point value breakdown

The American Express Membership Rewards® points are valued at approximately 0.7-2 cents per point, depending on how you use them.

Up to 2 cents per point for flights, luxury hotels and resorts booked through the American Express Fixed Point Travel Program.

• 1 cent per point for statement credit.
• For gift cards, it's about 0.8 cents per point.
• Approximately 0.7 cents per point for merchant shopping.

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Types of payment gateway.

Benefits of online payment gateway.

American Express (Amex) payment gateway.