{"id":413092,"date":"2024-10-18T11:21:00","date_gmt":"2024-10-18T15:21:00","guid":{"rendered":"https:\/\/mp-2702.milesopedia.dev\/?p=413092"},"modified":"2026-05-09T05:30:10","modified_gmt":"2026-05-09T05:30:10","slug":"cobalt-amex-multiplier-outside-canada","status":"publish","type":"post","link":"https:\/\/mp-2702.milesopedia.dev\/en\/news\/programs\/cobalt-amex-multiplier-outside-canada\/","title":{"rendered":"Amex Cobalt Card: high multipliers now valid only in Canada"},"content":{"rendered":"\n

American Express Cobalt Card – High Points Multipliers Only Available in Canada<\/h2>\n\n\n\n\n\n

The high-multiplier point accumulation rate on the American Express CobaltMD<\/sup> Card<\/a> will no longer be the same abroad. In other words, it is no longer possible to earn 5 points per dollar at grocery stores and restaurants or 2 points per dollar on gas and transportation purchases abroad<\/strong>.<\/p>\n\n\n\n

Being currently in Europe, I was able to verify the information in my own American Express account. On October 12, my purchase in a grocery store in Italy gave me 5 points per Canadian dollar spent, as has always been the case with my ®<\/sup> Card\" href=\"\/go\/amex-cobalt-card\/\" rel=\"noindex\">American Express Cobalt®<\/sup> Card<\/a>. On October 14, my purchase at the exact same grocery store in Italy only gave me 1 point per Canadian dollar spent.<\/p>\n\n\n\n

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My October 16 transaction in a supermarket in Madrid confirms this change: I only earned 1 point per dollar spent. According to our observations and those of the community, it seems that this change in the multiplier on foreign currency came into effect around October 14 and 15, 2024<\/strong>.<\/p>\n\n\n\n

In the terms and conditions of the ®<\/sup> Card\" href=\"\/go\/amex-cobalt-card\/\" rel=\"noindex\">American Express Cobalt®<\/sup> Card<\/a>, it is clearly stated that high multipliers apply only in Canada. In reality, and according to our feedback, we were almost always able to obtain the multiplier on foreign purchases until recently. This no longer seems to be the case.<\/p>\n\n\n\n

Amex Cobalt Card Devaluation?<\/h3>\n\n\n\n

This applies to restaurant and grocery purchases (5 points per dollar in Canada) and gasoline and transportation (2 points per dollar in Canada). This is definitely bad news for the ®<\/sup> Card\" href=\"\/go\/amex-cobalt-card\/\" rel=\"noindex\">American Express Cobalt®<\/sup> Card<\/a>Especially since the 2 points per dollar multiplier on travel purchases was discontinued<\/a> just a few days ago.<\/p>\n\n\n\n

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Also, let’s remember that since August 2023, the 5x multiplier has been capped at $2,500 per month<\/a>.<\/p>\n\n\n