CIBC Costco

The CIBC Costco Mastercard earns cash back on all purchases and is available to individuals in Canada.

Cash back earned on this card can be redeemed in the form of a statement credit at Costco Warehouses.

In order to apply for the CIBC Costco Mastercard, the applicant must already have an active Costco Wholesale membership.

Earning Rewards

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 Rewards

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.

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.

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 260 Cash back $260 Apply
American Express SimplyCash 200 Cash back $200 Apply
Scotiabank Momentum Visa Infinite 200 Cash back $200 Apply
TD Cashback Visa Infinite 200 Cash back $200 Apply

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