Introducing Canada to American Express: Searching for the best Amex card Canada has to offer? With multiple American Express options on the market—Cobalt, Gold, Platinum, and more—picking the right card can feel overwhelming. Here’s what to consider.
The Best Cards
Top Contenders:
Amex Cobalt: Known for its 5x earn rate on dining and groceries; perfect for everyday spenders aiming to rack up points quickly.
Amex Gold Rewards: Balanced annual fee with broad category bonuses (like gas, groceries, and travel). Great for moderate travelers.
Amex Platinum: Premium lounge access, higher earn rates on dining/travel, and robust insurance. Ideal for frequent flyers who want VIP benefits.
Evaluating Each Card:
Annual Fee vs. Perks: Platinum’s $699–$799 annual fee is steep, but you get lounge access, travel credits, and top-tier insurance. Gold is more affordable, while Cobalt uses a monthly fee structure (around $155/year).
Sign-Up Bonuses: Keep an eye on promotional offers. Some months have boosted welcome points that can offset fees quickly.
Points Redemption: Look at how easily you can convert your points to partner programs (Aeroplan, British Airways, Marriott Bonvoy, etc.). That’s where the real value often lies.
Who Should Get Which Card?
Cobalt: If most of your budget goes to dining and groceries.
Gold: If you want a balance of travel and everyday spending perks at a moderate annual fee.
Platinum: For premium travelers who value lounge access and top-tier perks more than the cost of the fee.
Conclusion: Determining the best Amex card Canada depends on your spending habits and travel goals. Assess your budget, check the latest sign-up offers, and grab the card that maximizes your points potential—happy earning!
