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Effective August 20th, there will be an annual spend threshold on the eats and drinks category.
You will earn 5x the points on eligible eats and drinks up to $30,000 annually. Earn 1x the points for every $1 thereafter. Calculation resets to zero each year on your Cardmembership anniversary date.
Cobalt Cardmembers will continue to earn 2x the points on Travel, Transit and Gas, earn 1x the points everywhere else and enjoy many great benefits like Cobalt Perks and The Hotel Collection from American Express.
Eats and drinks means: Eligible consumer purchases at American Express retail merchants at or for (i) restaurant, quick service restaurant, coffee shop and drinking establishments in Canada, (ii) stand-alone grocery stores in Canada, (iii) delivery of food and groceries in Canada as a primary business.
It will be based on your anniversary year. Calculation resets to zero each year on your Cardmembership anniversary date.
Yes, you will earn 1 point for every dollar in purchases after you’ve reached the spend threshold.
No changes have been made to the Travel and Transit category. Cobalt Cardmembers can continue to earn 2x the points on eligible Transit and Gas purchases in Canada, and eligible Travel purchases.
®, TM: Used by Amex Bank of Canada under license from American Express.