Foreign transaction fee
What's the foreign transaction fee?
2.5% on purchases made in a foreign currency.
Issuer source Verified 2026-06-19
What this card covers — foreign transaction fee, rental car, trips, purchases, and your phone. Each answer links to the issuer's own benefit guide. Last verified 2026-06-19.
What's the foreign transaction fee?
2.5% on purchases made in a foreign currency.
Is rental car (CDW/LDW) coverage included?
Car Rental Theft & Damage Insurance is included. Charge the full rental to the Card and decline the rental agency's collision/loss damage waiver; coverage applies to most rentals up to the benefit guide's eligible period.
Is trip cancellation covered?
Not included on the Cobalt Card — trip cancellation/interruption is not part of this card's insurance package per the benefit guide.
Is trip interruption covered?
Not included on the Cobalt Card.
Are new purchases protected against theft or damage?
Purchase Protection covers eligible new purchases against theft or accidental damage for a limited period (typically the first 90 days) when charged to the Card.
Is my phone covered (mobile device insurance)?
Mobile Device Insurance is included when you charge your phone or tablet to the Card, covering loss, theft or accidental damage subject to the benefit guide's limits and deductible.
Not insurance advice
CURATED, NOT EXHAUSTIVE. These card benefit + insurance summaries are hand-entered for the most popular Canadian cards to answer common 'is the rental car / trip / phone covered?' questions. Coverage is governed solely by the issuer's official Certificate of Insurance / benefit guide — figures here are representative phrasing, not a contract, and many benefits require charging the full purchase to the card and meeting age/eligibility/holiday-vs-business conditions. Always confirm against the linked issuer source before relying on a benefit. Do NOT treat as a live feed. Refresh on the same discipline as scripts/refresh-card-data.md: re-verify each entry against the issuer page, bump lastVerified, and correct anything that changed.