CIBC Costco World

The CIBC Costco World Mastercard earns cash back and gives cardholders the opportunity to earn 3% cash back at restaurants and Costco gas stations.

In order to apply for the CIBC Costco World Mastercard, the applicant must already have an active Costco Wholesale membership. This card was previously issued by Capital One as the Capital One Costco Mastercard, until CIBC took over the portfolio in March 2022.

Rewards Rates

The CIBC Costco World Mastercard earns cash back for all purchases made on the card:

• 3% cash back on purchases at restaurants and at Costco gas stations.
• 2% cash back on purchases at other gas stations (non-Costco) and Costco.ca.
• 1% cash back on all other purchases (including at Costco).

Redeeming Cash Back

In January, the CIBC Costco World 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.

Benefits

The World version of the Costco credit card comes with additional perks, such as free Boingo Wi-Fi membership.

Insurance Coverage

The CIBC Costco World credit card offers three types of insurance coverage:

• Mobile device insurance
• Purchase security
• Extended warranty insurance

Refer to the CIBC Costco Mastercard insurance certificate for additional details, including terms and conditions for eligibility.

Other Cash Back Cards You Might Consider

	Credit Card	Welcome Bonus	Net Value
	American Express SimplyCash Preferred	400 Cash back	$301	Apply
	BMO CashBack World Elite	250 Cash back	$250	Apply
	Scotiabank Momentum Visa Infinite	200 Cash back	$200	Apply
	TD Cashback Visa Infinite	200 Cash back	$200	Apply
	BMO CashBack Business	150 Cash back	$150	Apply