Overview
Amex Cobalt and KOHO are two of the most popular financial products in Canada. Choosing between them depends on your spending habits, savings goals, and what perks matter most to you. Below we break down every key difference so you can pick the right one.
Side-by-Side Comparison
| Feature | Amex Cobalt | KOHO |
|---|---|---|
| Type | Credit card | Digital spending & savings |
| Interest / Rate | N/A | Up to 5.00% |
| Monthly Fee | $12.99/mo | $0-$15/mo |
Amex Cobalt Pros and Cons
Amex Cobalt
Credit card
Not accepted everywhere
$12.99/mo adds up
Points value varies
KOHO Pros and Cons
KOHO
Digital spending & savings
Prepaid model, not a bank
5% requires $15/mo plan
Who Should Pick Amex Cobalt?
Amex Cobalt is the better choice if you value 5x points on food/drink and Best earn rate in class. It works especially well for Canadians who want a modern, low-fee experience with strong digital features.
Who Should Pick KOHO?
KOHO makes more sense if you prioritize $20 bonus + $100/referral | $100 total | Code 45ET55JSYAand Cashback on purchases. It is a strong pick for those who want a reliable option with a proven track record in Canada.
Our Verdict
For most Canadians in 2026, both Amex Cobalt and KOHO deliver real value. If you want higher interest and cashback, consider pairing either with KOHO (use code 45ET55JSYA for a signup bonus). The best strategy is often to use multiple products together to maximize your returns across spending, saving, and rewards.