American Express Cobalt Card is not just a form of credit card meant for paying your bills; it is the sidekick for an exciting and fruitful life. Intended for dynamic and active people, this card is truly packed with numerous privileges that will fit the lifestyle and ambitions of the client. 

Due to the many bonuses, competitive points, and numerous rewards, this card turns your spending into exciting experiences. Now, it is the right time to focus on the benefits that the American Express Cobalt Card provides its users with.

Main features of the American Express Cobalt Card 

Being a cobalt card issuer, it isшу;t surprising that it has ties with American Express – an institution well-known for its superior services and quality products. This card is ideal for millennial and young working persons who want a decent life and well-deserved fun too. 

CH 12 would prove suitable for individuals who love to socialize through eating out; love to tour around; mastering the services of the most popular streaming services. This is more than just spending your money, when you are using Cobalt Card, you are getting the Cobalt Card rewards and privileges.

The Cobalt Card seems to shine with the sophisticated rewards programme. You can get 5x points for eats and drinks, 3x points for streaming services, travelling and commuting 2x points and for all other activities you all 1x points. 

These points can be used to either pay for something such as travel or a meal or receive statement credits. Also, cardholders have privileges such as prioritized ticket access, special hotel privileges, and an insurance plan. It is not a piece of plastic you can use to pay for your purchases; it is quality of life improver.

Understanding the annual fee 

The American Express Cobalt Card attracts the casual spender with their monthly fee of $12.99, which totals $155.88 annually. This fee structure is intended to be reasonable, There’s no need to pay a hefty amount up front, the costs are distributed throughout the year. Taking into account the given amount of advantages and bonuses, this fee is really worth the money you are going to pay for it.

Deciphering credit limits

As for the credit limit for your Cobalt Card, several factors are taken into consideration by American Express. Some of the factors that come into play include; the credit score, income, and the financial history of the borrower. Through assessment of these factors, American express makes sure that the limit provided or offered to you reflects the limit that you are in a position to clear for the balance.

Advantages of the American Express Cobalt Card

• 5X Points on Eats & Drinks: Earnings on the eligible restaurant and food delivery purchases.
• 3X Points on Streaming Subscriptions: Rejoice in doing nothing productive for a period by rewarding yourself for some of the best shows you could watch.
• 2X Points on Travel & Transit: From chauffeured carts to travel adventures, get points while on the move.
• 1X Points on Everything Else: Accumulate points for the other purchases as well.
• Front Of The Line: Presale and reserve ticketing option for concerts, theater and occasional events.

Standout advantage

The most notable benefit of the American Express Cobalt Card is, therefore, the incredible rewards card. It has no match for the provision of 5X points on its eats and drinks. Irrespective of whether one is a gourmet who likes going out for meals or a person who enjoys taking foods to be delivered to him/her, these points can easily build up.

Addressing potential drawbacks

• Annual Fee: Their card has a monthly fee of $12. 99, which totals $155. 88 annually.
• High-Interest Rate: Thus, the interest rate which is useful in determining the cost to borrow is 21. Present a cheque for 99% of the total cost of goods purchased and advance made on receipt of the goods.
• Limited to Canadian Residents: It is either for residents of Ontario, Canada or for residents of Quebec, Canada.

Standout disadvantage

As for the flip side of the coin, one has to mention that the interest rate on the American Express Cobalt Card is 21%. The provisions amount to as much as 99 percent of purchase and advances. Despite the multitude of features and advantages of the card, debt here can turn into a real nightmare.

Eligibility criteria 

The principal requirements to meet in order to get an American Express Cobalt Card include: Supporting documentation – Both you and the supplementary cardholders, if any, must be Canadian residents with Canadian credit files. 

To qualify for a REAL ID, you have to be of the legal age which is 18 years and above or be a minor provided they are legally emancipated. When it comes to financial capacity the applicant must be of good to excellent credit rating and be capable of generating income.

How to apply for the American Express Cobalt Card

Are you eager to turn your consumptions into the exciting experiences? Signing up for the American Express Cobalt Card is very easy and quick. Through mobile banking, American Express provides several ways in which an individual can apply for an Amex card depending on their convenient. Below is how you can begin your experience with it cobalt card:

Via website

It also takes minimal time to apply for the American Express Cobalt Card through a website. Just go to the official website of the American Express and on the website find the Cobalt Card. Complete the application form with personal and financial information you provide for the loan online. 

Online application submission is enabled on the site and hence your data will not be exposed to third parties. Once a user submits the required information, he will get an instant answer letting him or her know that he is approved.

Through the mobile application

The Cobalt Card of the American Express can be applied for through their mobile application. Locate the credit card application in the app store where you use your device and install it, then go to the credit card tab. Click on the Cobalt Card and begin your application. The app enhances self-service through the ability to upload certain documents, monitor a particular application’s status, and get real-time updates. This method is suitable for individuals that prefer mobile money management.

Through the store/branch

Although based on American Express operates widely through the internet, you could apply for the Cobalt Card at any of the American Express kiosks or any partner bank branches. Employees at these locations are able to help you complete the application, clarify any questions that you may have, or help further.