Designed for those who seek more than just a credit card, the American Express Cobalt credit card offers several benefits, tailored to elevate your lifestyle and enrich your entertainment experiences.
With a focus on providing exceptional value and flexibility, this product can redefine the way you earn rewards and enjoy your favorite entertainment activities.
Benefits of the American Express Cobalt
The American Express Cobalt credit card offers many advantages for your everyday spending.
Take a look at the benefits of this product below:
- Earn Membership Rewards points on eligible purchases, with bonus points for dining, food delivery, streaming subscriptions, and gas, helping you accumulate rewards faster;
- Enjoy a wide array of redemption options, from movie tickets to statement credits, allowing you to personalize your rewards;
- Dining with American Express Experiences offers card members access to exclusive events, food festivals, and top restaurants across the country;
- Benefit from comprehensive travel insurance coverage, including up to $5,000,000 in emergency medical expenses for trips outside your Canadian province or territory.
Disadvantages of the American Express Cobalt
The American Express Cobalt card offers a series of advantages to cardholders, but it also comes with some limitations that users should consider before applying:
- This card has a monthly fee;
- The annual interest rate may be relatively high for some consumers;
- The client must present a higher credit score to apply for this card;
- American Express has limited acceptance in Canada, compared to Visa and Mastercard.
Fees of the American Express Cobalt
The American Express Cobalt includes many fees that potential cardholders should be aware of.
- The monthly fee for this card is $12.99, which equals to $155.88 per year;
- The preferred rate for purchases is 21.99%;
- The preferred rate for funds advances is 21.99%;
- Supplementary cards are free of cost;
- A foreign currency conversion fee of 2.5% applies to each financial transaction;
- Additionally, there is an overlimit fee of $29.
Fees were updated according to the card issuing website on 11/11/2024
About the Issuing Bank
American Express, or Amex, is a well-respected global financial services corporation renowned for its credit cards and other offerings.
With over 170 years of experience, American Express has built a solid reputation for excellence in providing high-quality financial products and remarkable customer service.
Operating across more than 100 nations, American Express maintains a strong global footprint, delivering comprehensive solutions to meet diverse customer needs.
App Features
The American Express Mobile App provides a range of functionalities designed to assist American Express Cobalt cardholders in effectively and securely managing their accounts:
- Account Management: easily check your account balance, review recent transactions and track payment history;
- Rewards Monitoring: keep track of your points earnings and monitor your accumulated rewards;
- Bill Management: conveniently pay your credit card bill through the app;
- Security Notifications: receive alerts for suspicious activities and manage your card’s security settings;
- Exclusive Benefits: access special offers and promotions available to clients of the American Express Cobalt cards.
Why Apply for This Card?
The American Express Cobalt offers several unique benefits to enhance the cardholder’s lifestyle.
With this card, customers can earn points on everyday purchases, which can be redeemed for a variety of rewards, including statement credits, and merchandise, providing flexibility to suit different preferences.
Cardholders can also enjoy access to exclusive events, concierge services, and travel insurance options that guarantee peace of mind while on the go.
The American Express Mobile App empowers you to effortlessly oversee your account, monitor rewards, and unlock distinctive offers.
Overall, the American Express Cobalt card is designed to cater to individuals seeking a versatile and rewarding financial tool that aligns with their spending habits.
Whether for everyday purchases, or special occasions, this card presents a comprehensive package of advantages that elevate the cardholder’s experience.
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