American Express Cobalt Card vs BMO AIR MILES Mastercard

By   |   Verified by David Boyd   |   Updated 16 Aug 2023

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!

American Express Cobalt Card
 

On website

BMO AIR MILES Mastercard
 
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
99
Card Type
American ExpressMastercard
Minimum Credit Limit
N/AN/A
Maximum Credit Limit
N/AN/A
Sign up bonus
Signup Bonus Points
15000 points800 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 RewardsBMO Rewards
Domestic Rewards Points Earn Rate
11
Benefits
Airport Lounge Access Included
YesNo
Concierge Service Included
YesNo
Cardholder's International Travel Insurance
YesNo
Complimentary Flight Voucher Included
NoNo
Introductory balance transfer
Balance Transfer Rate
N/A0.99%
Balance Transfer Period
N/A9 months
Balance Transfer Fee Percentage
N/A2%
Balance Transfer Limit
N/AN/A
Balance Transfer Revert Rate
N/A22.99%
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
$2.50N/A
Foreign Exchange Fee Percentage
N/A2.5%
Late Payment Fee
$38.00N/A
Overseas ATM Withdrawal Fee
$5.00$5.00
Digital wallets
Apple Pay Enabled
YesYes
Google Pay Enabled
YesYes
Samsung Pay Enabled
YesYes
Eligibility
Available To Existing Customers
NoNo
Minimum Age
18 years18 years
Minimum Credit Rating
GoodGood
Minimum Income
N/A$15,000.00
Temporary Residents Accepted
NoNo