Discover the Steps to Apply for the American Express Cobalt Credit Card
The American Express Cobalt stands out as a remarkably effective credit card for daily expenses, offering unique brand perks and the chance to earn up to 5x points.
Essential Tips Before You Apply
The American Express Cobalt card boasts a welcome bonus of up to 15,000 Membership Rewards points!
This credit card is an excellent choice from American Express, which stands as a top brand in the U.S. market.
Having one of the many Amex cards provides you with essential support for everyday expenses.
The American Express Cobalt offers a credit limit that reflects the financial situation of each applicant, making it a solid choice for monthly budgeting.
Looking at costs, the card incurs a monthly fee of $12.99, translating to just over $155 annually. There are no fees for extra cards, and an interest rate of 21.99% applies.
The American Express Cobalt provides rewards through points, with their value varying based on the type of purchase.
When it comes to food and drinks, you earn 5x points at eligible restaurants or for food delivery in Canada. You also get 3x points on streaming services and 2x points on gas, public transport, and ride-sharing.
For other purchases, you earn 1x points on online buys, plus an extra point when reserving qualifying bookings or car rentals through Amex Travel Online.
Your points accumulate in the Membership Rewards program. Redeeming them? That’s entirely up to you.
You can use points for purchases like retail items, statement credits, movie tickets, or streaming services.
Another way to utilize points is by transferring them 1:1 to other loyalty programs. The card also allows for travel redemptions on American Express Travel Online, gift cards, and purchases on Amazon.ca.
Who is Eligible to Apply?
American Express provides conditions that are quite appealing and well-suited for the card profile and the Canadian market.
To get the Cobalt card, you must be a Canadian resident with a good credit history.
This implies you should have a solid credit history in Canada, making you eligible for the card.
Moreover, you must be of legal age as per your province’s regulations.
American Express might have specific income criteria and could ask for documentation to verify your details.
All applications depend on Amex’s availability.
How to Apply for the American Express Cobalt Credit Card?
To submit your credit card application, simply click the “Apply Now” button on the American Express site.
Once you click, you’ll access the application form. Here’s what you’ll need to fill out:
You’ll need to provide your full name, cardholder name, email, date of birth, social security number, and postal code.
Also, include your full address and phone number.
During the application, you’ll be asked for financial details like your salary, monthly bills, employment status, and a summary of your expenses.
In the end, you must complete the review to send your information to American Express.
Throughout the application process, American Express may ask for documents and verifications to approve your card.
Additional Information
With the American Express card, you can earn up to 15,000 bonus Membership Rewards points, receiving up to 1,250 points every billing cycle, provided you spend $750.
The Cobalt provides unique perks, including mobile device coverage of up to $1,000 for theft, loss, and damage, along with various travel safeguards:
- Medical insurance abroad
- Insurance for flight delays
- Insurance for lost baggage
- Insurance against hotel theft
- Insurance for travel accidents
When you get the card, you’ll have access to special American Express experiences and perks, including reserved seating, presale opportunities, and unique dining and entertainment options.
The Cobalt also connects you to Amex support, featuring customer service, fraud protection, and the complete American Express app for managing your card easily.
American Express provides the Plan It program, allowing you to pay for purchases in installments without credit checks or extra interest charges.
Curious about another option?
If you’re seeking a travel-friendly card, consider the TD Aeroplan Visa Infinite, which offers up to 1.5 points on gas, groceries, and Air Canada flights.
This card also provides Visa Infinite and Air Canada advantages, making it a practical choice for your everyday needs. Discover how to apply.
