Which platforms accept the Cobalt
Chexy accepts Visa, Mastercard and American Express. Always confirm current card acceptance in the platform before you set up a recurring payment.
What the Cobalt earns on rent
Rent doesn't fall in the Cobalt's bonus categories, so it earns the base rate of 1 point per dollar. On $2,000 rent that's about 2,000 points a month. Valued at around 1 cent as a statement credit, that's below the fee; transferred to Aeroplan at 1:1 and used for good flights, points can be worth noticeably more.
Where rent really helps: the monthly bonus
The Cobalt's first-year welcome offer is typically paid month by month when you hit a monthly spend threshold. Rent can make that threshold automatic. Check the current offer on the card page for exact numbers.
When it makes sense
- You're in your first year and need rent to hit the monthly welcome-bonus threshold.
- You transfer Membership Rewards to Aeroplan or other travel partners for high-value redemptions.
- A platform is running a reduced-fee promotion.
When another card is better
If you just want straightforward value on rent, a card with a recurring-bill or higher base earn — or a cashback card used through Neobanc — can beat the Cobalt on rent alone. Many people keep the Cobalt for food and a second card for rent.
Compare your options