Earning Cash Back
The CIBC Costco 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 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 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 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.
Top Cash Back Cards
| Credit Card | ||
|---|---|---|
 |
335 cash back and $125 FlyerFunds Estimated value: $460 Ends Jan 31, 2026 |
|
 |
350 cash back Estimated value: $350 |
|
 |
200 cash back and $100 FlyerFunds Estimated value: $300 Ends Oct 31, 2025 |
|
 |
250 cash back Estimated value: $250 |
|
 |
240 cash back Estimated value: $240 Ends Aug 26, 2025 |
|
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.