2017 American Express Cobalt (Canada)

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American Express Cobalt Credit Card

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)
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Old Sep 20, 17, 9:36 am
  #76  
 
Join Date: Oct 2009
Location: YYZ
Posts: 614
Originally Posted by KChu View Post
Anyone heard anything about it? I have a friend that received it in the mail today, and apparently it will be coming out in a week. She mentioned there's some sort of Bonus MR each month (some spending challenge?)

Annual cost? Bonus MR? benefits? Difference between gold/plat and cobalt?



EDIT

Just an update:

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
A bit frustrating that I'd have to keep my American Express Gold Rewards card to be able to transfer points to Aeroplan...

This may replace my GR card though... I like it!
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Old Sep 20, 17, 12:19 pm
  #77  
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Originally Posted by bxio View Post
If details are accurate, this could become my daily spend card.

RIP Amex personal platinum though. I wonder what the annual fee on the cobalt card will be.
It should be $120 split into 12 months. In other words, $10/mo.
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Old Sep 20, 17, 3:02 pm
  #78  
 
Join Date: Sep 2010
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Originally Posted by KChu View Post
It should be $120 split into 12 months. In other words, $10/mo.
If the annual fee is billed as $10 per month, rather than $120 per year, I have to think that would really reduce any potential for a signup bonus.

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Old Sep 20, 17, 3:50 pm
  #79  
 
Join Date: May 2015
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Originally Posted by jerry305 View Post
If the annual fee is billed as $10 per month, rather than $120 per year, I have to think that would really reduce any potential for a signup bonus.

Not if the signup bonus is also paid out on a monthly basis, as discussed above.
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Old Sep 20, 17, 4:18 pm
  #80  
 
Join Date: Aug 2012
Posts: 341
Originally Posted by MasterGeek View Post
or combine with another MR card to get the transfer to airline functionality.

If that is true (for example, merge the points of your platinum MR account with this cobalt MR, making the platinum MR a primary), then there isn't really a restriction to transfer to AP, etc
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Old Sep 21, 17, 10:15 am
  #81  
 
Join Date: Jun 2005
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Hey guys,

I have the full details of the card offer at http://www.pointsnerd.ca/full-detail...x-cobalt-card/

And a follow up post regarding the fact you can get the 2,500 MR per month past the first year as well as information regarding insurances and a confirmation of transfer ratios.

http://www.pointsnerd.ca/american-ex...e-information/
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Old Sep 21, 17, 11:01 am
  #82  
 
Join Date: Aug 2011
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Nicely done Jayce! Great info!

Originally Posted by llcooljayce View Post
Hey guys,

I have the full details of the card offer at http://www.pointsnerd.ca/full-detail...x-cobalt-card/

And a follow up post regarding the fact you can get the 2,500 MR per month past the first year as well as information regarding insurances and a confirmation of transfer ratios.

http://www.pointsnerd.ca/american-ex...e-information/
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Old Sep 21, 17, 11:47 am
  #83  
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Join Date: Aug 2013
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Originally Posted by llcooljayce View Post
Hey guys,

I have the full details of the card offer at http://www.pointsnerd.ca/full-detail...x-cobalt-card/

And a follow up post regarding the fact you can get the 2,500 MR per month past the first year as well as information regarding insurances and a confirmation of transfer ratios.

http://www.pointsnerd.ca/american-ex...e-information/
Thanks for sharing, but requiring $6000 spend in a year (500 per month) to get 30k points (or 15k spg) is not worth it in my opinion. Factoring in the monthly fee of $10, it only becomes slightly attractive if one spends entirely $500 on 5x dining/groceries, then the total points gets to 60k per year or 30k spg.
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Old Sep 21, 17, 11:50 am
  #84  
 
Join Date: May 2015
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Originally Posted by llcooljayce View Post
Hey guys,

I have the full details of the card offer at http://www.pointsnerd.ca/full-detail...x-cobalt-card/

And a follow up post regarding the fact you can get the 2,500 MR per month past the first year as well as information regarding insurances and a confirmation of transfer ratios.

http://www.pointsnerd.ca/american-ex...e-information/
Awesome, thanks so much

So to summarize:

Annual Fee: 120CAD, split into 12 months * 10CAD
Signup Bonus: 30k, but split into 12 months * 2500MR
Spend Requirement: 6'000CAD, but split into 12 months * 500CAD

2.5X SPG points on Grocery purchases = 3.125FFP on grocery purchases is amazing though, so might still be worth it.

The spread-out fee&earning and the admittedly high spend requirement (though 500/month should be easy to hit) kind of inhibits churning though, as it takes out spend that could be put towards other cards.

Originally Posted by jix View Post
Thanks for sharing, but requiring $6000 spend in a year (500 per month) to get 30k points (or 15k spg) is not worth it in my opinion. Factoring in the monthly fee of $10, it only becomes slightly attractive if one spends entirely $500 on 5x dining/groceries, then the total points gets to 60k per year or 30k spg.
Agreed. For families this is probably a fantastic card, to put grocery spend for 4-5 people on one 5X card to use towards SPG or SPG-FFP. For single spenders........ less so. But who are we kidding, we'll all get it anyway, if only to add it to the collection.
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Old Sep 21, 17, 12:45 pm
  #85  
 
Join Date: Dec 2009
Location: NB, Canada
Programs: Fairmont, Amex MR, Marriott
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Originally Posted by jix View Post
Thanks for sharing, but requiring $6000 spend in a year (500 per month) to get 30k points (or 15k spg) is not worth it in my opinion. Factoring in the monthly fee of $10, it only becomes slightly attractive if one spends entirely $500 on 5x dining/groceries, then the total points gets to 60k per year or 30k spg.
Actually $6000 spend per year would yield 15k SPG points PLUS the points you would accrue due to the $500 per month in spend, so up to 30k in SPG points per year for $120.

That is a great deal, IMO.

Where else can $500 per month spend yield anywhere close to that value? A 2% cash back card for example would just cover the annual fee on the card.

ETA, even if none of the $500 per month spend is on grocery, it is still 18,000 SPG points per year for $120.
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Old Sep 21, 17, 1:02 pm
  #86  
 
Join Date: May 2015
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Does buying Visa Gift Cards at e.g. Safeway count as grocery store spend? Can you even put that on a credit card? Because... that'd be the easiest way to spend 500CAD/month on "groceries"
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Old Sep 21, 17, 1:23 pm
  #87  
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Programs: Starwood:Lifetime Platinum, Air Canada:Basic, Asiana:Lifetime Diamond Plus, ANA: Basic
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Starwood has been bought out by Marriott. The SPG program and Mariott is set to merge in 2018.

Chase has exclusive deal with Marriott to issue the VISA. Chase Canada sold their entire portfolio to Scotiabank. I imagine the rights to the Marriott VISA inside Canada as well. AMEX Canada Membership Rewards do not have transfer partners with Marriott...

This card is great if SPG (or future Marriott & SPG merged program) stays with AMEX. If AMEX loses the relationship with the Marriott & SPG merged program later this year, this card will be far less attractive as Hilton is the only Hotel program left in Membership Rewards (Canada).
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Old Sep 21, 17, 1:30 pm
  #88  
 
Join Date: Dec 2009
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Programs: Fairmont, Amex MR, Marriott
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Originally Posted by yeunganson View Post
Starwood has been bought out by Marriott. The SPG program and Mariott is set to merge in 2018.

Chase has exclusive deal with Marriott to issue the VISA. Chase Canada sold their entire portfolio to Scotiabank. I imagine the rights to the Marriott VISA inside Canada as well. AMEX Canada Membership Rewards do not have transfer partners with Marriott...

This card is great if SPG (or future Marriott & SPG merged program) stays with AMEX. If AMEX loses the relationship with the Marriott & SPG merged program later this year, this card will be far less attractive as Hilton is the only Hotel program left in Membership Rewards (Canada).
Agreed, but at $10 per month I think it is a really cheap way to get SPG points in the short term at least.
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Old Sep 21, 17, 2:03 pm
  #89  
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Originally Posted by drwilliams View Post
ETA, even if none of the $500 per month spend is on grocery, it is still 18,000 SPG points per year for $120.
Well if the end goal is just transfer to spg, then the spg amex for 1500 spend plus 120 fee which currently yields 25000+1500min spg points is much more attractive.
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Old Sep 21, 17, 2:23 pm
  #90  
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Confused here.

This Cobalt card earns MR points.
My Gold AMEX earns MR points.

How does the system differentiate between points earned by the Cobalt card since I can't transfer to an airline but the MR points earned by my Gold AMEX can be.

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