Originally Posted by
tfong007
Losing Costco was the nail in the coffin for Amex in Canada. I think they are pretty much done. I have the SPG Amex but will cancel it before the next years annual fee hits.
I think there's some truth to this for mainstream card users, since I really don't know anyone that holds an Amex card for this exact reason. BUT there's still a ton of value with the Cobalt card - at least at the moment. Who knows what will happen as of Aug 1.
Amex needs to step it up though... with the loss of Aeroplan and now the SPG program, they need something to keep their point -lovin cardholders happy. The Cobalt is still pretty good for my grocery spends, but they need a good travel card. Let's hope the retrofitted SPG card will deliver...