The main difference between the American Express Cobalt Card and the BMO Air Miles Mastercard lies in their rewards and perks. While they share some similarities, such as being popular choices in the Great White North, their unique features are where they truly stand apart.
Let's dive into the rewards game first. The American Express Cobalt Card brings a vibrant palette of rewards to the table, catering to the wanderlust and foodies. It flaunts a flexible points system, generously sprinkling bonus points on dining, grocery runs, and travel escapades. Your culinary conquests and jet-setting dreams are practically celebrated here.
On the other side of the plastic, the BMO Air Miles Mastercard is a haven for savvy shoppers and collectors of miles. As the name suggests, it's all about those coveted Air Miles. With each purchase, you're accumulating those flight-worthy miles, making your way towards those dreamy vacations. Retail therapy and getaway aspirations, all rolled into one.
Fees are a necessary evil, but they differ here. The Cobalt Card requests a seat at the table with an annual fee, but its rewards extravaganza could make it worth the entrance fee for many. Meanwhile, the BMO Air Miles Mastercard leans more towards the no-annual-fee party, saving your wallet from extra burden.
Introductory offers and bonuses, ahoy! Cobalt dazzles newcomers with a welcoming bonus that can set you on a rewarding path from the get-go. But hold up, the BMO Air Miles Mastercard isn't lagging; it has its own opening act, showering you with those precious Air Miles right from the start. Decisions, decisions!
In the realm of standout features, the Cobalt Card flaunts a sleek metal design that's sure to raise eyebrows when you whip it out. Plus, it's got you covered with travel insurance and other perks. Meanwhile, the BMO Air Miles Mastercard isn't shy either; it provides you with purchase protection and an extended warranty, making sure your shopping sprees are safeguarded.
In the ring of the American Express Cobalt Card vs. BMO Air Miles Mastercard, rewards, fees, and unique charms duke it out for your attention. Whether you're a culinary connoisseur craving flexible rewards or an Air Miles enthusiast on the hunt for free flights, these cards are here to make your spending sizzle. Time to choose your credit card co-pilot for life's adventures!
On website | |
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Description | |
Offers an attractive rewards program with a focus on earning points quickly on everyday spending categories like dining, streaming subscriptions, and transportation. | Use your Cash Miles towards everyday shopping, like gas and groceries, at participating partners. All of these with no annual fee. |
Basics | |
Additional Cardholders | |
9 | 9 |
Card Type | |
American Express | Mastercard |
Minimum Credit Limit | |
N/A | N/A |
Maximum Credit Limit | |
N/A | N/A |
Sign up bonus | |
Signup Bonus Points | |
15000 points | 800 points |
Signup Bonus Points Required Spend | |
$750.00 | $1,000.00 |
Signup Bonus Points Required Spend Terms | |
eligible purchases every month for 12 months, that's 1,250 Membership Rewards points for each monthly billing period. | eligible purchases in the first 3 months |
Rewards | |
Rewards Program | |
American Express Rewards | BMO Rewards |
Domestic Rewards Points Earn Rate | |
1 | 1 |
Benefits | |
Airport Lounge Access Included | |
Yes | No |
Concierge Service Included | |
Yes | No |
Cardholder's International Travel Insurance | |
Yes | No |
Complimentary Flight Voucher Included | |
No | No |
Introductory balance transfer | |
Balance Transfer Rate | |
N/A | 0.99% |
Balance Transfer Period | |
N/A | 9 months |
Balance Transfer Fee Percentage | |
N/A | 2% |
Balance Transfer Limit | |
N/A | N/A |
Balance Transfer Revert Rate | |
N/A | 22.99% |
Ongoing rates | |
Cash Advance Rate | |
21.99% p.a. | 22.99% p.a. |
Purchase Rate Ongoing | |
21.99% p.a. | 20.99% p.a. |
Ongoing fees | |
Annual Fee Ongoing | |
$155.88 | $0.00 |
Foreign Exchange Fee | |
$2.50 | N/A |
Foreign Exchange Fee Percentage | |
N/A | 2.5% |
Late Payment Fee | |
$38.00 | N/A |
Overseas ATM Withdrawal Fee | |
$5.00 | $5.00 |
Digital wallets | |
Apple Pay Enabled | |
Yes | Yes |
Google Pay Enabled | |
Yes | Yes |
Samsung Pay Enabled | |
Yes | Yes |
Eligibility | |
Available To Existing Customers | |
No | No |
Minimum Age | |
18 years | 18 years |
Minimum Credit Rating | |
Good | Good |
Minimum Income | |
N/A | $15,000.00 |
Temporary Residents Accepted | |
No | No |