The American Express Cobalt card has upped its bonus points offer. The added bonus on top of the regular offer makes the card even more attractive
Amex Cobalt first year bonus offer
In the first year, Cobalt card members can earn 2,500 Membership Reward (MR) points monthly when they spend $500. This compounds to 30,000 MR points after one year. This number doubles to 60,000 points if the $500 spend is on 5x category: groceries, restaurants, food deliveries, coffee shops and Uber Canada.
The additional bonus is a Welcome bonus of 15,000 MR points when members spend $3,000 in the first 3 months of owning the card. The offer ends May 5, 2021.
What does this mean on terms of travel points?
Transfer points to Hilton & Marriott
Cobalt to Hilton transfer rate is 1:1. American Express will launch a 50% bonus transfer offer in the summer. It did so 2 years ago. Exceptionally, none was offered in the summer of 2020.
Hilton Honors points can be interesting to earn and use in some properties and countries. With the combination of bonus offer on Hilton’s part, the account balance can grow significantly. Don’t forget that reward stays with Hilton earn bonus points.
The exchange rate to Marriott is 1:1.2. Marriott Bonvoy offers a large portfolio of reward stays since it acquired SPG a few years ago. With 60,000 MR points and the 15,000 bonus, you’ll end up with 90,000 Marriott Bonvoy points.
If you’ve never had the Cobalt card, then this is a great offer and opportunity to grow significantly your hotel points balances.
With 5x on food, restaurants and delivery, these categories take-up a big chunk of our monthly spend, therefore it’s easy to hit the monthly bonus as well as one-time 15,000 bonus.