Question 1

How does the Costco credit card work?

Accepted Answer

The Costco credit card, CIBC Costco Mastercard, is a co-branded card offered in partnership with CIBC.
It serves as both a means of payment and a Costco membership card. Users receive discounts or points on purchases, sometimes with higher rates for Costco purchases or specific categories. The card may also include additional benefits such as insurance and protection. Like all credit cards, it requires monthly payments, and interest may accrue in the event of non-payment.

Question 2

How do I get a Costco credit card?

Accepted Answer

To obtain a Costco credit card, CIBC Costco Mastercard, you generally need to be a Costco member first. Once a member, visit the Costco website or your local warehouse to access credit card information. You'll need to fill out an application, often online, where your financial and personal information will be requested. After submission, a credit check will be performed by CIBC, our financial institution partner. If you are approved, your card will be mailed to you. Be sure to read the terms and conditions before applying.

Question 3

Can I get a Costco credit card in a Costco store?

Accepted Answer

Yes, you can apply directly to CIBC Costco Mastercard at any Costco store.

Question 4

Does Costco accept Visa cards?

Accepted Answer

No, Costco Canada does not accept Visa credit cards (unlike in the U.S.). Only Mastercard credit cards are accepted at Costco Canada.
However, you can use a Visa credit card at Costco Canada's online site: costco.ca.

Question 5

Which Costco credit card?

Accepted Answer

Only Mastercard credit cards are accepted at Costco Canada. On this page, you'll find the best credit cards for Costco in Canada.

Question 6

How do I pay at Costco?

Accepted Answer

Only Mastercard credit cards are accepted at Costco Canada. On this page you'll find the best credit cards for Costco in Canada.
You can also pay by debit card or cash.

Question 7

Can I use debit cards to pay at Costco?

Accepted Answer

Yes, you can use a debit card to pay at Costco. However, we recommend that you earn rewards with one of the best credit cards for Costco in Canada.

Question 8

How do I use a Costco gift voucher?

Accepted Answer

Costco gift certificates, often called "Cash Cards" or "Gift Certificates" depending on the region, are pre-loaded cards that you can use to purchase at Costco warehouses, on the Costco website, or buy gas at Costco gas stations. Here's how to use them:

At the Costco warehouse:

Simply present your gift card at checkout. The amount of your purchase will be deducted from the card balance.
If the amount of your purchase exceeds the card balance, you will have to pay the difference using another accepted method of payment.

On the Costco website:

When finalizing your order, choose the option to pay with a gift card, or enter the gift card details when prompted.
As in the warehouse, if the purchase amount exceeds the gift card balance, you will need to provide another payment method to cover the difference.

Costco service stations :

Insert your gift card into the pump's reader, just as you would with a credit or debit card. Follow the on-screen instructions.

Notes:

Costco gift certificates can often be used by non-members, making them a great way to try Costco without a membership. However, conditions may vary by region.
Keep your gift card after a purchase until you're sure you don't need to return any items. Refunds for purchases made with gift certificates will generally be put back on the same gift card.

Finally, to check the balance of your Costco gift card or if you encounter any problems, contact Costco customer service or check the balance online, if this option is available in your area.

Question 9

What are the three best World Elite Mastercard credit cards for Costco?

Accepted Answer

Here are the 3 best World Elite Mastercard credit cards for Costco:

National Bank World Elite Mastercard
MBNA World Elite® Rewards Mastercard
BMO Ascend World Elite Mastercard

Question 10

Which credit cards are accepted at Costco?

Accepted Answer

In Canada, only Mastercard credit cards are accepted at Costco warehouses. On the Costco.ca website, however, you can pay with a Mastercard or Visa credit card.

Question 11

How to buy at Costco without being a member?

Accepted Answer

In general, to buy at Costco, you need to be a Costco member. However, there are some exceptions to this rule in certain countries. Here are some of the options for buying at Costco without being a member:

Shop online: In some countries, such as Canada, you can shop at Costco without being a member. However, certain restrictions may apply, such as additional fees for non-members.
Buy with a gift card: If you have a Costco gift card, you can use it to shop at Costco without being a member. However, it is essential to note that gift cards have a limited value and you will not be able to purchase items that exceed the value of the gift card.

Question 12

How much does a Costco card cost?

Accepted Answer

The cost of a Costco card depends on the type of card you choose. Basic membership cards are available for an annual fee, while premium membership cards may cost more. Here are typical costs for basic membership cards in different countries:

In the United States: the basic annual Costco membership card costs $60 USD.
In Canada: the basic annual Costco membership card costs $60 CAD. The executive membership card costs $120. The executive membership card costs $120.
In France: the basic annual Costco membership card costs €36.
In the UK: the basic annual Costco membership card costs £33.60.

Please note that costs may vary depending on the region and the type of membership card you choose. Additional fees may also apply for premium membership cards. Before purchasing a Costco card, we recommend that you check the specific costs and benefits for your region.

Question 13

How do I pay for a CIBC Costco Card?

Accepted Answer

To pay for your CIBC Costco Card, you can use one of the following methods of payment:

Online Payment: Log in to your CIBC Costco Credit Card online account and select the "Make a Payment" option. You can then enter the amount you wish to pay and choose your bank account to make the payment.
Automatic Payment: You can set up an automatic payment for your CIBC Costco Credit Card by selecting the "Automatic Payment" option in your online account. You can then select a monthly payment amount or your total credit card balance to be automatically withdrawn from your bank account each month.
Pay by Phone: You can make a payment by phone by calling your CIBC Costco Credit Card customer service number and following the instructions for making a payment by phone.
Paying in person: You can make a payment in person at any CIBC branch

Question 14

How do I pay for a CIBC Costco Card?

Accepted Answer

To pay for your CIBC Costco Card, you can use one of the following methods of payment:

Online Payment: Log in to your CIBC Costco Credit Card online account and select the "Make a Payment" option. You can then enter the amount you wish to pay and choose your bank account to make the payment.
Automatic Payment: You can set up an automatic payment for your CIBC Costco Credit Card by selecting the "Automatic Payment" option in your online account. You can then select a monthly payment amount or your total credit card balance to be automatically withdrawn from your bank account each month.
Pay by Phone: You can make a payment by phone by calling your CIBC Costco Credit Card customer service number and following the instructions for making a payment by phone.
Paying in person: You can make a payment in person at any CIBC branch

Question 15

What is the best prepaid card for Costco?

Accepted Answer

The best prepaid card for Costco is the KOHO Extra Mastercard. With this prepaid card, you can earn 2% cash back on your Costco purchases.
Find out more about the KOHO Mastercard prepaid card.

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Marie-Ève Leclerc

Posts by Marie-Ève Leclerc