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American Express Cobalt™ Card

A Credit Card Tailor-Made for Millennials With Active Social Lives

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Network Provider: American Express
Provider: American Express
Type: Rewards
Annual fee: $120
First year no annual fee
Purchase interest rate: 19.99%
Cash advance rate: 21.99%
Credit Score: 760
Net Reward: $500
$50 thereafter
Rewards Type: Travel
Reward Rate: 1.5 Miles
For every $1 spent on eligible purchases
Bonus Offer: $25
In Cash Back Dollars

About This Card

The American Express Cobalt Card is a credit card tailor-made for millennials with active social lives: the foodies, the Instagram influencers, and the summer festival-goers. The provider itself doesn’t even refer to the Cobalt Card as a regular old rewards card — it’s a lifestyle card. To drive the point home, Amex opened a pop-up restaurant in Toronto’s Kensington Market for the card's launch, the menu curated by celebrity chef Gordon Ramsay. The Cobalt Card supercharges rewards by a factor of five when you use it to buy groceries, restaurant meals, and drinks. Earn twice the points if you pay for your cab rides and gas refills with the card.

Card Description

Earn up to 30,000 Membership Rewards® points²

Why get the American Express Cobalt™ Card?

Earn a respectable amount of points in the first year - New cardholders could realistically earn up to 30,000 bonus points in the first year. Here’s how it works: you’d need to spend $500 a month on your credit card, which adds up to 2,500 points a month, or 30,000 points after 12 months. Voila.

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