Sep 27, 2017, 10:12 am
Last edit by: alc
American Express Cobalt Credit Card
GCR $50 Rebate --> https://www.greatcanadianrebates.ca/...s/Amex-Cobalt/
Detail copy from GCR link above:
GCR $50 Rebate --> https://www.greatcanadianrebates.ca/...s/Amex-Cobalt/
Detail copy from GCR link above:
- In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year.
- Limited Time Offer: Apply by 01/30/18 and you can earn a Welcome Bonus of 10,000 Membership Rewards® points when you spend a total of $3,000 in net purchases in your first 3 months
- Earn 5 points for every $1 spent on Card purchases at eligible restaurants, bars, grocery stores and food delivery in Canada
- Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B
- Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases
- Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies. Plus, more great perks.
- American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link.
- $10 per month of Cardmembership ($120 annually)
2017 American Express Cobalt (Canada)
Sep 19, 2017, 10:07 am
#46
Join Date: Dec 2009
Location: NB, Canada
Programs: Fairmont, Amex MR, Marriott
Posts: 2,531
The effective rate is about 4.5% here, when you factor in sales tax and gratuities, which you pay the fees on but does not factor into your sales.
Sep 19, 2017, 10:07 am
#47
Join Date: Apr 2011
Location: Quebec and Ontario, Canada
Programs: AC*E50, SPG/Marriott Plat
Posts: 1,917
Sep 19, 2017, 10:15 am
#48
Join Date: Sep 2010
Location: Canadia
Programs: A loyal Amerisuites customer... oh wait
Posts: 2,033
I'm getting 4% on all my groceries & gas with the Scotiabank Amex now.
All spend on that card is services that pay 4%.
Amex must have done the math that most consumers will just use the card for other stuff, and they'll come out ahead anyway.
www.scotiabank.com/ca/en/0,,4657,00.html
All spend on that card is services that pay 4%.
Amex must have done the math that most consumers will just use the card for other stuff, and they'll come out ahead anyway.
www.scotiabank.com/ca/en/0,,4657,00.html
Last edited by jerry305; Sep 19, 2017 at 11:38 am
Sep 19, 2017, 10:57 am
#50
Join Date: Sep 2012
Location: YYZ (YUL/LHR)
Programs: AC - E50, CX - G, Accor Plat, SPG Gold
Posts: 903
Really? I thought this would be a lower end card given there was no mention of travel benefits like lounge access or travel credit in the video. Other cards in the 300 fee range all have lounge access and priority benefits.
Also, cobalt is a pretty cheap metal no? Much lower than that of gold and platinum.
Also, cobalt is a pretty cheap metal no? Much lower than that of gold and platinum.
Maybe there will be some ancillary benefits like Uber credits as launched in US on Platinum, which would tie in with the target audience.
Anyway this is all conjecture but I definitely expect a higher price point than Gold, which will be well justified if the MR earn rates are correct and transfer to partners.
Sep 19, 2017, 1:00 pm
#51
Original Poster
Join Date: Mar 2016
Location: YYZ
Programs: AC E75K, *G
Posts: 103
Just an update:
These are some of the particulars of the new American Express Cobalt Card -
These are some of the particulars of the new American Express Cobalt Card -
- 5x Points for Grocery/Food
- 2x Points for Travel/Transit
- 1x Points on other purchases
- Annual Fee $120, split into 12 months payment of $10/mo
- It is a Credit Card, not a Charge Card.
- Reward earned is in MR with no inflation of price on redemption, but transfer of points to aeroplan/asia miles/etc is restricted
Sep 19, 2017, 1:29 pm
#52
Join Date: Oct 2009
Location: YVR
Programs: AC 75K
Posts: 828
Just an update:
These are some of the particulars of the new American Express Cobalt Card -
These are some of the particulars of the new American Express Cobalt Card -
- 5x Points for Grocery/Food
- 2x Points for Travel/Transit
- 1x Points on other purchases
- Annual Fee $120, split into 12 months payment of $10/mo
- It is a Credit Card, not a Charge Card.
- Reward earned is in MR with no inflation of price on redemption, but transfer of points to aeroplan/asia miles/etc is restricted
Sep 19, 2017, 1:52 pm
#53
Join Date: Aug 2013
Location: YYZ, NYC
Programs: Marriott Gold, JGC, IHG Platinum, Hilton Gold, AC 25K
Posts: 1,025
Sep 19, 2017, 2:03 pm
#54
FlyerTalk Evangelist
Join Date: May 2015
Location: BOS, YVR, ZRH
Programs: *G
Posts: 17,383
Just an update:
These are some of the particulars of the new American Express Cobalt Card -
These are some of the particulars of the new American Express Cobalt Card -
- 5x Points for Grocery/Food
- 2x Points for Travel/Transit
- 1x Points on other purchases
- Annual Fee $120, split into 12 months payment of $10/mo
- It is a Credit Card, not a Charge Card.
- Reward earned is in MR with no inflation of price on redemption, but transfer of points to aeroplan/asia miles/etc is restricted
Sep 19, 2017, 2:05 pm
#55
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
OR similar to the American Express (USA) program called Membership Rewards Express. Express points are not transferable unless linked to the same MR account as a card which participates in full version. However, the Canadian program is structured a bit differently.
Sep 19, 2017, 2:07 pm
#56
Suspended
Join Date: Oct 2009
Location: Kan@da
Programs: Anything with sweet spots
Posts: 1,790
A question remains though: We know that millenials have a shorter attention span, will they mind the (relatively) limited acceptance of AMEX and will they go through the hassle of finding/preferring businesses that take the card ?
Last edited by MasterGeek; Sep 19, 2017 at 2:43 pm
Sep 19, 2017, 2:12 pm
#57
Join Date: Aug 2010
Location: YWG
Programs: Aeroplan, MileagePlus, Marriott Rewards
Posts: 2,159
I find this part intriguing too. I'd be much more interested in the cobalt card if you could continue point transfers to Aeroplan, but hearing "restrictions" makes me apprehensive.
Sep 19, 2017, 2:22 pm
#58
Original Poster
Join Date: Mar 2016
Location: YYZ
Programs: AC E75K, *G
Posts: 103
Unfortunately no news 
Restricted as in... You are not allowed to transfer your MR to any frequent flyer programs. Hotel is still OK though.
Sep 19, 2017, 2:23 pm
#59
Original Poster
Join Date: Mar 2016
Location: YYZ
Programs: AC E75K, *G
Posts: 103
A question remains though: We know that millenials have a shorter attention span, will they mind the (relatively) limited acceptance of AMEX and will they go through the hassle of finding/preferring businesses that take the card ?
It would be nice to combine the Cobalt card with a regular MR-earning card in order to be able to earn 5x points from the Cobalt and convert to SPG
It would be nice to combine the Cobalt card with a regular MR-earning card in order to be able to earn 5x points from the Cobalt and convert to SPG
I'd be interested to see how that might play out, but as for right now, from what I know Cobalt members simply won't see the redemption available for certain point transfers (i.e. MR to ffp points).
Sep 19, 2017, 2:43 pm
#60
Join Date: Jan 2015
Programs: SPG Plat, Marriott Plat, Hilton Diamond, United Premier Silver
Posts: 205
Even transfer to hotel is still allowed, then 2.5 SPG pts for dining or grocery is still a 10/10 deal.
Btw, is there any bonuses for entertainment spend? or not looking likely
Btw, is there any bonuses for entertainment spend? or not looking likely