Amex Cobalt Card: New Provide of 52,000 MR Factors through CreditKarma


The American Categorical Cobalt Card is extensively thought-about one of the vital highly effective bank cards in Canada, largely because of its 5x incomes fee on meals and drinks. 

Traditionally, the welcome bonus on this card has hovered within the vary of 30,000 MR factors, with occasional intervals of an elevated bonus of fifty,000 MR factors. 

Till December 9, 2022, we’re seeing an all-time-high welcome bonus of 52,000 MR factors on the Cobalt Card, however solely once you apply by means of a selected channel that could be considerably stunning at first look: CreditKarma.ca.

Document-Excessive Welcome Bonus of As much as 52,000 MR Factors

The usual welcome bonus on the American Categorical Cobalt Card has traditionally been 30,000 MR factors, distributed over 12 month-to-month intervals upon spending $500 every month.

The present supply through CreditKarma provides an extra bonus on prime of that baseline: 22,000 MR factors upon spending $5,000 within the first three months, bringing the full to 52,000 MR factors. 

To entry this supply, you’ll should be a CreditKarma consumer. Fortunately, CreditKarma is free to enroll in, and it’s very a lot value signing up for anyway as among the best companies in Canada for monitoring your credit score well being.

Upon logging into CreditKarma, you’ll see the above banner being proven slightly below your credit score rating dashboard when you’ve got a credit score profile that makes you appropriate for the Cobalt Card. Clicking the “Apply now” button leads you to an American Categorical touchdown web page with the main points of the supply.

You’ll then be requested to enter the RSVP code as indicated on CreditKarma to begin the applying.

That is the very best welcome bonus we’ve ever seen on the Cobalt Card. There’s been gives of as much as 50,000 MR factors previously, however 52,000 MR factors units a brand new all-time excessive. 

To optimize this supply from a spending perspective, you’d be taking a look at spending $5,000 within the first three months whereas guaranteeing you attain a minimal of $500 every month (e.g., $1,667 monthly, or $4,000 within the first month adopted by $500 in subsequent months). Then, for the remaining 9 months of the 12 months, the supply can be equal to earlier than: a month-to-month minimal spend of $500.

This supply specifies an finish date of December 9, 2022, so be certain to use by then when you’re concerned with taking benefit. 

Amex Cobalt Card: Certainly one of Canada’s Greatest Credit score Playing cards

Even earlier than its latest adjustments and particularly now that the adjustments have kicked in, the Cobalt Card is a wonderful selection for ongoing day-to-day spending, and one in all our prime picks for the very best newbie bank cards and finest general bank cards in Canada

The standout characteristic is the flexibility to earn 5 MR factors per greenback spent on eats and drinks, which incorporates eating places, bars, cafes, takeout, supply, and purchases made on the grocery retailer.

And because the factors switch 1:1 to Aeroplan, that’s successfully equal to five Aeroplan factors per greenback spent – an incomes fee that blows even Aeroplan’s personal co-branded bank cards out of the water!

On this trend, a mean family can simply rack up a sizeable chunk of MR factors – and in flip Aeroplan factors or Marriott Bonvoy factors – yearly.

Certainly, at 5x the factors on eats and drinks:

  • ~$5,000 of spending on this class would earn you a transcontinental enterprise class flight at ~25,000 Aeroplan factors
  • $11,000 of spending on this class would earn you a enterprise class flight from Vancouver to Tokyo at 55,000 Aeroplan factors
  • $12,000 of spending on this class would earn you a enterprise class flight from the East Coast to Europe at 60,000 Aeroplan factors
Ebook enterprise class to Europe after spending $12,000 on eats and drinks

Nonetheless, take be aware {that a} most cap of $30,000 applies to the 5x incomes fee, so when you’ve got a really giant household to feed and often make voluminous purchases on the grocery retailer, then it will actually be value getting your accomplice to additionally join the Cobalt Card below this record-high supply as nicely.

If each members of a family signed up for the Cobalt Card below the present supply and maximized their $30,000 allowance on the 5x fee yearly going ahead, they’d earn a cool 404,000 MR factors within the first 12 months, adopted by 300,000 MR factors in subsequent years. That’d be sufficient for 2 round-trip tickets in enterprise class to Europe or Asia 12 months after 12 months. 

By and huge, the Cobalt Card is the simplest means for the common Canadian family to journey in premium cabins frequently, and that’s what makes it a very unbelievable product throughout.


Till December 9, 2022, the American Categorical Cobalt Card‘s welcome supply has been raised to an all-time-high stage of 52,000 MR factors once you apply through CreditKarma.ca, making this an ideal alternative to get onboard the 5x meals and drinks hype practice. 

In case you aren’t already a member of CreditKarma, it’s completely value signing up as a free technique to hold monitor of your credit score rating. Past that, you’ll even be eligible for this particular supply on the Cobalt Card once you click on by means of to the touchdown web page and enter the devoted RSVP code.