CREDIT CARD COACH
American Express® Cobalt™ Credit Card...
Cobalt was designed thinking in the millennial’s social lifestyle, a generation who their consuming habits reveal a love for food, travel and entertainment. American Express decided to reward their members for basically living their lives and doing what they always do.
Lots of cards offer bonus points for dining, but the Cobalt category is wider. Earn 5 points for every $1 in card purchases at eligible restaurants, bars, cafés, groceries and food delivery services in Canada. We all have to eat, so this is an advantage for everybody.
With the Amex Cobalt Card, you will also earn 2 points for every $1 on public transit, taxis, gas station and ridesharing services within Canada, additionally, you will receive points on flights, train tickets, ferries, hotels and tours worldwide.
Earn 1 point for everything else, any other purchase, concerts, gym, movie tickets, theater or any other entertainment. Plus, you can refer a friend and earn a bonus of 5000 Membership Rewards points for each approved referral to a maximum annual referral bonus of 75000 points.
If you spend $500 monthly in purchases on your Cobalt, they automatically give you a bonus of 2500 points, as part of the Membership Rewards program and this could add up to 30000 points in a year; all this for only $10 monthly fee and an annual interest rate of 19.99%.
Perks are quite varied, especially in entertainment, it is an open door to incredible experiences, such like pre-sale access to VIP concert tickets and blockbuster movies. Cardmembers will also obtain benefits at over 600 participating hotels and resorts in over 30 countries around the world, when booking a minimum of two consecutive nights online. For example, you can receive up to a $100 USD credit on qualifying hotel services charged to the room, such as dining, spa, golf or other hotel facilities.
As almost all American Express cards, they include a wide travel & shopping coverage as medical emergencies, flight or baggage delay, hotel burglary, lost or stolen baggage, car rental theft and damage, travel accident, purchase protection, buyer’s assurance, and Amex’s fraud protection guarantee.
With no doubt, the Cobalt Card is an outstanding start if you want to be part of the Amex brand, combining a lot of opportunities to earn reward points and all the features and protections that are included, plus all perks aimed at millennial interests.