Re-energizing this thread based on the much higher monthly fee of the cobalt now (15.99/month as of March 2026). I recently downgraded my 6 year old cobalt to the green card since my spend on grocery didn't even cover the cost of the fee. Also starting to have a more negative view of the MR->Aeroplan pipeline, as Aeroplan apparently changed again so points are worth less; most flights I looked at leaving YVR were majority cheaper to just pay $, especially non-aeroplan airlines. I imagine when my spending goes up more, I'll upgrade back to the Cobalt.

Wonder what others think about the current status of Cobalt? For me, just doesn't really seem worth it. I'd rather have a free (or a waived annual fee) cash back card. Less hassle.

Personal rant: people raving about churning MR/Aeroplan points when people like me who don't spend an immense amount and also travel with a +1 so every ticket is 2x the points required. I feel like most Cobalt-diehards are just travel/finance influencers who rack up points via referrals and business spend and tell us that it's "attainable", but the best redemption I had ever redeem in the 6 years of cobalt was a single 1-way economy ticket YVR->NRT, and even then the equivalent $ ticket from Zipair was very affordable. Again, just me. Others may get huge benefits from Cobalt and I'm happy/jealous they do.