 Hello everyone, this is financial author Amit Dan of amitdan.com. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give it a thumbs up and consider subscribing. American Express Cobalt Great Card Hello everyone, this is financial author Amit Dan of amitdan.com. Today, I'll talk about three things you'll love and three things you'll not love about the American Express Cobalt Great Card. First, I'll start with the three things you'll love about the American Express Cobalt Great Card and I'm expecting this video about 3-4 minutes long. The first thing you'll love about the MX Cobalt Great Card is its earning structure on restaurants and groceries. You'll earn 5 reverse points on this category and by far this is the highest return on restaurants and groceries in Canada. If you redeem these for travel expenses, then you'll get 5% return on food, groceries and restaurants. The second thing you'll love about the MX Cobalt Great Card is its annual fee structure. Like other great cards, instead of charging you $120 annual fee upfront, you'll be paying only $10 per month and this is the first in Canada that you'll be paying per month instead of annually. The third feature you'll love about the MX Cobalt Great Card is the capability to transfer its membership points to SPG or Starwood Preferred Guest Points. Each one American Express membership points, you'll receive half SPG points. What it means that for a spending category such as restaurants and groceries, each $1 you'll be receiving 2.5 Starwood points. This type of rate is never seen in Canada and by far this is the highest rate of return on per dollar in that particular category. Now let's talk about what you'll not love about the MX Cobalt Great Card. The first thing you'll not love about this card is that although it provides some travel insurances, it doesn't provide full travel insurance coverage. It's missing very important travel insurances such as trip cancellation and trip interruption insurance. Although it provides travel medical, car rental, hotel motel burglary and flight delay insurance. The second feature you'll not love about the American Express Cobalt Great Card is it doesn't offer you to transfer its points towards airline points. For example, you'll not be able to transfer membership rewards points for American Express Cobalt Great Card to airline points such as aeroplane or British Airways Avios. Although you can say that yes, you'll be able to convert to those airlines via SPG, but for many people this is a hassle they do not want to go through. The third feature you'll not love about the MX Cobalt Great Card is that you may not be able to use it everywhere. This is a common problem with the American Express Great Card as it is not widely accepted like Visa and MasterCard. So although it's giving lots of points on certain categories, but you may not be able to use it at the grocery stores that you go often and at the restaurants you go often if they do not accept great cards. Before you pledge your allegiance to any great cards, always do your research and make a decision based on your information and lifestyle. Be careful making travel purchases especially I always recommend to have trip cancellation insurance and trip interruption insurance and if your great cards do not provide those insurances then just be careful and think whether you'll be needing those insurances for that particular travel purchases or not. On my channel I have videos on this topic and you can watch them to get more information. Thank you for watching this video, if you like what you see please give it a thumbs up and consider subscribing and there will be more videos coming up. Thank you.