The American Express® Cobalt® Card vs SimplyCash® Preferred Card from American Express
| The American Express® Cobalt® Card | SimplyCash® Preferred Card from American Express | |
|---|---|---|
| Issuer | American Express | American Express |
| Network | American Express | American Express |
| Annual fee | $191.88 | $119.88 |
| Purchase APR | 21.99% | 21.99% |
| Cash advance APR | 21.99% | 21.99% |
| FX fee | — | — |
| Welcome (est. value) | ~$300 | See offer |
| Top earn rate | 5x Eats & drinks (eligible restaurants, food delivery, groceries in Canada) | 4% Gas |
| Lounge visits | — | — |
| Min. income | — | — |