American Express Cobalt Card
Reward estimates are based on published earn rates and may vary. Butter may earn a referral fee when you apply through our links, including through partner networks. This never affects our recommendations, which are based on your spending data, not commissions. Butter provides information and tools, not financial advice.
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Is this card right for you?
Canada's premier everyday-spending card: 5x Membership Rewards points on food (dining, groceries, food delivery), backed by Amex's flexible, transferable points program.
Top earn rate on food in Canada
5x on dining, groceries, and delivery; no other card matches it on food spend.
Points that travel well
transfer 1:1 to Aeroplan or Avios and reach 2¢+ per point, double the cash floor.
No income requirement
rare for a premium earner; students and newcomers can qualify.
Travel earns just 1x now
the 2x travel rate was cut in Oct 2024; travel spenders should look elsewhere.
The 5x has a ceiling
caps at $2,500/month in food spend (12,500 pts), then drops to 1x.
Amex acceptance gaps
some grocers and small merchants don't take Amex; carry a Visa/MC backup.
Watch-outs 5x caps at $2,500/month — high-volume food spenders hit 1x past the cap. · Fee rose to $191.88 (Nov 2025); travel rate cut to 1x (Oct 2024) — the value math has shifted. · 2.5% FX fee; carrying a balance erases the rewards value.
Butter may earn a referral fee when you apply through our links, including through partner networks. This never affects our recommendations, which are based solely on your spending data, not commissions. Butter provides information and tools, not financial advice. Card details such as earn rates, fees and bonuses may change. Verify on issuer's site → Always confirm with the issuer before applying.