American Express wins top spot in three of six categories in Reward Canada's Top Travel Rewards Credit Cards rankings
TORONTO, Jan. 24, 2018 /CNW/ - American Express Canada is excited to announce that it has come out on top in three of six categories in Reward Canada's tenth annual ranking of the Top Travel Rewards Credit Cards in Canada. Most notably, the new American Express Cobalt Card has been ranked the Top Overall Card for its strong earn rate, sign up bonus, and well-rounded insurance benefits. Additionally, several other American Express Cards received recognitions in different categories.
"We are so proud that our Cobalt Card has been recognized by Rewards Canada as the Top Overall Card," said Megan McKee, Vice President, Consumer Cards, American Express Canada. "This Card is unlike any other product we've launched in Canada and it's one that targets a new customer segment – young professionals. By rewarding Cardmembers for living their life, this win reflects how American Express is committed to delivering innovative products that provide best-in-class offerings and service."
Launched in September 2017, Cobalt was designed with the social lifestyle of millennials in mind - a generation whose spending habits reveal a passion for food, travel and entertainment. The Card offers 5x points on eligible eats and drinks, including everything from coffee shops, grocery stores, fast food chains, take-out, bars, restaurants and more. It also offers 2x points on eligible travel and transit including a subway or cab ride, staying at a hotel, and booking a flight or an all-inclusive vacation. Plus, with the recent launch of Cobalt Perks, an offers and experiences program, Cobalt Cardmembers can receive special perks such as bonus reward offers and access to exciting events.
The American Express Cobalt Card also gives Cardmembers flexibility when it comes to redeeming their points through the Membership Rewards program. Whether it's using their points to book travel and flights to anywhere in the world with no blackout dates or seat restrictions, or using points to pay for purchases they've already made on their Card, Cardmembers have plenty of options when it comes to point redemption. With a monthly fee of just $10 ($120 per year of Cardmembership) new Cardmembers can earn up to 30,000 bonus points in their first year of Cardmembership.1
"The American Express Cobalt Card entered the Canadian market late last year and it is truly a game changer," said Patrick Sojka, Founder, Rewards Canada. "While the Card is marketed to Millennials, it's an amazing product for any age. If you want to earn a lot of points fast, have good travel insurance and a strong sign up bonus, this card is for you."
On top of Cobalt, American Express Cards won multiple awards in the following categories:
- American Express Gold Rewards Card – 2nd place in 'Top Overall Card' category
- Starwood Preferred Guest Card from American Express – 4th place in 'Top Overall Card' category
- American Express Gold Rewards Card – 2nd place in 'Top Hybrid Credit/Charge Card (with annual fee)' category
- American Express Blue Sky Credit Card – 2nd place in 'Top No Fee Travel Rewards Credit Card' category
- The Platinum Card From American Express – 4th place in 'Top Hybrid Credit/Charge Card (with annual fee)' category
- American Express Air Miles Platinum Credit Card – 4th place in 'Top Coalition Program Credit Card' category
For more information on the Rewards Canada Top Travel Rewards Credit Cards rankings for 2018, please visit rewardscanada.ca.
About American Express Canada
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. American Express was established in Canada in 1853 and offers award winning products like The American Express® Gold Rewards Card, The SimplyCash™ Preferred Card from American Express© and The NEW American Express Cobalt™ Card. Learn more at americanexpress.ca and connect with us on facebook.com/americanexpresscanada, twitter.com/amexcanada and youtube.com/americanexpresscad.
In the first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in purchases on your Card. This could add up to 30,000 points in a year.
SOURCE American Express Canada
Renseignements: Jennifer Beckstead, American Express Canada, [email protected]