Monday, 9 October 2017
Is The New AMEX Cobalt Worth It?
It's currently offering up to 40K Membership Reward (MR) points. Spend $1500 in the first three months and receive 10K points. They expect you to spend $500 a month to receive a bonus of 2500 MR points each month for the first year. It offers more 5 points per dollar for restaurant, bars, and cafe transactions, double points on travel and transit, and 1 point for all other transactions.
If you are interested in a card that is uniform, in giving the same reward, no matter what the transaction, this card is complex and not the card for you. To think, you need to watch your spending every month for a full year to get the full welcome bonus?
I'm not a fan of this new product. It's hard enough to find merchants that accept AMEX, much less be watching your spending so carefully...
IF you are looking for the two best points systems AND best welcome bonuses around, see my next post by clicking here.