Just in time for the holidays American Express has released this amazing offer for those who have or get the American Express Cobalt card! For the month of December, the category multiplier for eats & drinks is being doubled to 10 points per dollar for the first $2,000 in spending!
Cobalt Cardmembers earn 10 points for every $1 in the first $2,000 spent in eligible eats, drinks, and grocery purchases and 5 points for every $1 over $2,000 on additional eligible purchases
This offer runs from December 1 to December 31st and is open to existing Cardmembers and new Cardmembers. To ensure you get in on this offer and you don’t have the card you’ll want to apply sooner than later for the card as you should get it within 10 business days if you are approved immediately. That will still give lots of time to get the 10x bonus!
What are 10 points per dollar worth with the American Express Cobalt Card?
- Use Points for Purchases (Travel): this is equivalent to a 10% return – so if you make the $2,000 limit your points are worth $200 towards travel
- Use Points for Purchases (non-travel) this is equivalent to a 7% return – worth $140 towards any non-travel purchases if you hit the $2,000 level
- Transfer to Starwood Preferred Guest: 10 points equals 5 Starpoints. 5 Starpoints per dollar spent is simply amazing! Considering the hotels you can redeem these points for or you have the option of converting Starpoints to 30+ airlines. When you convert 20,000 Starpoints to an airline partner SPG will throw in an additional 5,000 miles which means this 10x multiplier will net you 6.25 miles per dollar as long as you have other Starpoints to meet the 20k redemption amount! There is no card on the market today that can provide you with 6.25 Aeroplan Miles, Avios or whatever airline currency SPG converts to at a 1:1 for each dollar you spend up to that $2,000 level!
American Express continues to make this the most sought after card in the Canadian market today! I know that both my wife and I should have no problem hitting that $2,000 level each for eats and drinks with Christmas and New Years coming up!
How about you? Are you excited for this offer and will you try to max it out to get 20,000 Membership Rewards points on that spending?