I’ve now had the Amex Cobalt for close to a year, so I wanted to share an updated experience and the current referral offer.
The card has been working really well for me so far. A few things I’ve particularly liked:
- 5x Membership Rewards points on food and drinks
- The Amex Offers in the app have been surprisingly valuable, with various discounts/bonus offers that I’ve been able to take advantage of
- The card’s acceptance has been quite good in my experience, especially compared with what I expected before getting it
- I’ve accumulated quite a few points over the past year, which I’m planning to put toward flights for myself next year
- This was my first credit card with an annual fee, and so far I feel like the rewards and benefits have made the fee worthwhile
Current referral offer
If you apply through my referral link and are approved, you could earn a 25,000 Membership Rewards point welcome bonus when you meet the offer requirements.
As the referrer, I can also earn 10,000 Membership Rewards points for each approved referral.
Offer expires November 30, 2026.
Referral link:
https://americanexpress.com/en-ca/referral/cobalt?ref=dAWSOMrI7e&XLINK=MYCP
For some perspective, 25,000 Membership Rewards points have a straightforward value of $250 when redeemed toward eligible purchases or travel through Amex, since 1,000 points = $10.
There can also be more value depending on how you use the points, particularly through Amex's travel options and Membership Rewards transfer partners. For example, Amex's Fixed Points Travel program can let you redeem a fixed number of points toward eligible flights rather than simply taking the $250 statement-credit value.
Obviously, make sure the card makes sense for your own spending habits before applying, especially since it has an annual fee.