This video reviews the American Express Cobalt Card, highlighting why it's ranked as the best credit card in Canada. The review covers sign-up bonuses, points accumulation, travel benefits, other features, and customer service.
The video details the following benefits of the AMEX Cobalt card:
Points Accumulation:
Sign-up Bonus: An additional 15,000 points in the first year, earned by spending at least $750 per month. Each 1,200 points earned equates to an additional $12. At a minimum, this is worth $150, covering the card's annual fee.
Travel Benefits:
Other Benefits:
The video emphasizes that the value of the points can be significantly increased by transferring them to airline loyalty programs and booking business-class flights. The speaker highlights that even without seeking out optimal redemption scenarios, significant value (e.g., 15% back on restaurant spending) is attainable.