Amex (Canada)
Cobalt
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Card review
Cobalt
Amex (Canada)
Last updated September 21, 2026· Rates, fees, and credits from WalletFlo's OneCard catalog (refreshed hourly). Verify current terms on the issuer site.
Annual fee
$120
Welcome bonus
See issuer
Est. net value
$473/yr
Credit score
Varies
Top earn rate
5x dining
Overview
How this card fits in your wallet — fees, value, and who it's built for.
The Cobalt from Amex (Canada) carries a $120 annual fee. On WalletFlo's typical spend profile, the OneCard engine estimates $493.20 in rewards plus $100.00 in credits and perks — $473.20 net per year before welcome bonuses.
Earning rates
Category bonuses from our catalog — verify current offers on the issuer site.
| Category | Rate |
|---|---|
| DiningDining | 5× |
| TravelTravel | 2× |
| Everything elseAll Purchases | 1× |
Credits & benefits
Statement credits and perks we model in net-value calculations.
Credits
- Hotel Amenities$100/yr
Up to a $100 USD hotel credit on qualifying hotel amenities charged to the room, such as dining, spa, golf or other hotel facilities. It cannot be used against the room rate, taxes, or any fees. Other restrictions may also apply depending on the property.
Is the annual fee worth it?
Quick breakeven from stated credits and perks — open the full tool to dig deeper.
Credits & perks vs fee
- Annual fee
- −$120
- Stated credits
- +$100
- Perks (est.)
- +$0
- Net after credits & perks
- -$20
Verdict
Fee exceeds stated credits & perks
You'll need enough rewards on your spend to cover the gap — model that below.
WalletFlo calculator tools
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Reward Calculator
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Side by Side Compare
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Is the Annual Fee Worth it?
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Points & Miles → $ Converter
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Awards vs Cash Calculator
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Transfer Partner Calculator
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Reward calculator
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Frequently asked questions
- What credit score do I need?
- Issuers generally look for good-to-excellent credit; exact thresholds vary.
- Is the annual fee worth it?
- See the annual fee analysis above, or open the full calculator to model credits and perks against $120 per year.