I contacted Cobalt Card today and was told that no one has been issued a Cobalt Card yet under the Amex Brand. They used to offer a Visa branded one however no longer do so. Anyway they claim another 7-10 days till they e mail everyone for funding the cards!
Sounds like another X.com It doesn't look very good. I'd pass. Who wants a rechargeable Credit Card that isn't even excepted everywhere? It doesn't even look like an Amex Card.
RE: Sounds like another X.com It is accepted everywhere Amex is, and that is a lot of places! Granted not as many as Visa or M/C.