Offers
Welcome Bonus
Eligible new applicants for the CIBC Costco Business Mastercard can receive a welcome bonus of up to $100 cash:
- Receive a $100 statement credit when $3,000 or more is spent within 120 days from the day your account was opened
Earning Cash Back
The CIBC Costco Business Mastercard earns cash back for all purchases made on the card:
- 3% cash back on purchases at restaurants and at Costco gas.
- 2% cash back on purchases at Costcobusinesscentre.ca, at Costco.ca, on shipping, on insurance services, at other gas stations and at electric vehicle charging stations.
- 1% cash back on all other purchases (including at Costco).
Redeeming Cash Back
In January, the CIBC Costco Business Mastercard cardholder will receive a cash back gift certificate for the cash back that was earned during the previous calendar year. This gift certificate can be redeemed as a credit toward your purchases at Costco warehouses in Canada.
Your account must be open and in good standing as of December 31st to receive the Costco cash back gift certificate in January.
Fees & Eligibility
| Personal Income | $15,000 |
| Household Income | $15,000 |
| Annual Fee | $0.00 |
| Foreign Exchange Fee | 2.50% |
Insurance Coverage
The CIBC Costco Business Mastercard offers three types of insurance coverage:
- Mobile device insurance
- Purchase security
- Extended warranty insurance
Refer to the CIBC Costco Business Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Top Cash Back Cards
| Credit Card | ||
|---|---|---|
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335 cash back and $125 FlyerFunds Estimated value: $460 Ends Jan 31, 2026 |
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350 cash back Estimated value: $350 |
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200 cash back and $100 FlyerFunds Estimated value: $300 Ends Oct 31, 2025 |
|
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250 cash back Estimated value: $250 |
|
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240 cash back Estimated value: $240 Ends Aug 26, 2025 |
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