Rewards Canada has named the American Express Cobalt Card the Top Overall Card for the third year in a row.

This comes after Rewards Canada released its 12th annual ranking of the Top Travel Rewards Credit Cards in Canada.

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The Cobalt Card also ranked top in the Hybrid Card Category for its flexibility to convert points for travel.

Megan McKee, vice president & general manager, Consumer Products & Partnership, American Express Canada, said: “We are very excited that our Cobalt Card continues to be recognised by Rewards Canada as the Top Overall Card in the country.

“This Card offers rewards for our Cardmembers that fit perfectly with their lifestyle and this win demonstrates our commitment to providing the best-in-class products and services.”

Cobalt Card perks

American Express designed the Cobalt Card, which launched in 2017, with millennials in mind.

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The card rewards Cardmembers by offering 5x the points on eligible eats and drinks in Canada, 2x the points on eligible travel and transit, and 1x the points on everything else.

In addition, Cardmembers can also access Cobalt Perks, an offers and experiences programme. Through this, customers can receive regular bonus reward offers and access to events.

Patrick Sojka, founder of RewardsCanada.ca, said: “It’s no surprise that the American Express Cobalt Card has come out top in two categories this year. It’s a fantastic product and is unique in the way that it caters to millennial consumer habits.”

America Express’ Cobalt Card also gives Cardmembers flexibility when redeeming their points through the company’s Membership Rewards programme.

Furthermore, American Express Cards won awards in the following categories:

Second Place Overall: American Express Gold Rewards Card

Fourth Place Overall: Marriott Bonvoy American Express Card

Best Hybrid Card (Flexible Currency): American Express Cobalt Card

Second Place Hybrid Card (Flexible Currency): American Express Gold Rewards Card

Fourth Place Hybrid Card (Flexible Currency): The Platinum Card from American Express

Third Place Coalition Program Credit Card: American Express AIR MILES Platinum Credit Card

Fifth Place Coalition Program Credit Card: American Express AIR MILES Reserve Credit Card