If you’ve been sitting on the fence about whether or not you should apply for the newest American Express card, the Cobalt Card – there is no better time than now.

Because that 40,000 total welcome bonus ‒ with a 10K extra on top ‒ ends on January 30, 2018.

What happens after? You get the regular 30,000 points for using the card during the first year.

Another thing …welcome offers tend to be “once in a lifetime.”

Credit card issuers put their best foot forward when a card first launches and many times an offer that good never comes around again.

Quick recap

The American Express Cobalt Card has been making quite a name for itself since its launch back in September, and with good reason.

This card claims to reward “you for being you,” by giving you pretty significant returns on:

  • Food and Drinks,
  • Travel and Transit, and
  • Entertainment.

And because of its valuable rewards, high earn rate, and premium perks that we named it the top credit card in 4 different categories in 2017:

Plus a $150 travel bonus.
Offer ends December 21, 2018.

Earning rewards through the Cobalt card

As with all reward credit cards, when you make purchases with your Cobalt Card, you will earn points.

  • 5 points for every $1 spent at grocery stores, bars and restaurants,
  • 2 points for every $1 spent on gas, travel, and transit, as well as…
  • 1 point for every other $1 spent.

However, one thing that really sets this card apart is that it will give you 2,500 points for every month in your first year that you charge $500 or more to you card.

2,500 points x 12 months = 30,000

That’s 30,000 points, on top of the points you’re already making each time you purchase something.

But what’s better than 30,000 points?

Yep, you guessed it…40,000 points!

When the Cobalt Card launched, it launched with a limited time incentive, 10K welcome bonus points if you spend $3,000 in your first three months – and sadly that bonus offer will be ending January 30th, 2018.

So, as long as you apply before midnight, you’ll get to enjoy that extra 10,000 points.

No-brainer, right?