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Best Credit Cards for Costco in Canada – January 2022

The Best Credit cards For Costco

These 3 credit cards are among the best Mastercard credit cards for Costco in Canada!

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

HSBC World Elite® Mastercard®

The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases. For a limited time, you can get:

With the HSBC World Elite® Mastercard®, you can earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
  • 3 points per dollar for all other purchases including Costco

This means a return of 1.5% to 3% depending on your purchases! You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.). But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer. Finally, with the HSBC World Elite® Mastercard® you get:

  • $100 annual travel credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • 10% discount for hotel bookings on Expedia or Agoda
  • Premium insurance for your travels and purchases

Finally, the HSBC World Elite® Mastercard® does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction. And it’s one of the best credit cards for Costco, where you earn 3 points per dollar.

BMO® World Elite®* Mastercard®*

The BMO® World Elite®* Mastercard®* is one of the best Mastercard credit cards with travel points in Canada. With our exclusive offer, you can earn a welcome bonus of up to 70,000 points, which is a $467 value for travel:

  • 40,000 points when you spend $3,000 in the first 3 months
  • 2,500 points per month after $2,000 in monthly purchases from the 4th to the 15th month, up to 30,000 points

Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.

With the BMO World Elite Mastercard, you get 3 points for every dollar spent on:

  • Travel
  • Dining
  • Entertainment

And 2 points for every dollar you spend, Costco included! You can use your points for travel purchases on the BMO Rewards website (flights, hotels, car rentals, all-inclusive). The BMO® World Elite®* Mastercard®* also comes with:

  • 4 complimentary passes to airport VIP lounges
  • Premium insurance for your travels or purchases
  • Concierge services

Finally, you can combine your points with the two other BMO Rewards cards to save even more on your travels!

BMO® AIR MILES® World Elite®* Mastercard®*

With this exclusive offer for the BMO® AIR MILES® World Elite®* Mastercard®*, you can earn 3,000 AIR MILES Bonus Miles after $3,000 in Card purchases, representing a $310 cash value. Besides, the $149 annual fee is waived in the first year!

With this card, you earn 3 miles for every $12 spent at participating AIR MILES Partners. Everywhere else, you’ll earn 1 Mile for every $12 spent, including at Costco and Walmart. And it’s the only AIR MILES credit card in Canada to offer a 15% discount on AIR MILES flights within North America with no blackout periods.

The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:

  • Premium insurance for your travels or purchases
  • Double the miles for car rentals with National or Alamo
  • Concierge services

National Bank's World Elite Mastercard®

The National Bank World Elite Mastercard® is the best credit card from NBC.

You can earn up to 2 points per dollar in card purchases, including at Costco. Besides, you get up to $250 in travel credits per calendar year:

  • Airport parking: $100
  • Baggage fees: $100
  • Seat selection: $50

Besides, you can enjoy access to the LoungeKey airport lounges as well as free Wi-Fi with Boingo. The National Bank’s World Elite Mastercard® is a credit card to keep, year after year, for several reasons:

  • it has one of the best travel and purchases credit card insurance on the market
  • up to $250 travel credit per year
  • Unlimited access to the National Bank Lounge at Montreal-Trudeau airport

BMO® CashBack® World Elite®* Mastercard®*

The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit cards in Canada.

Currently, you will get 10% cash back on all your purchases during the first 3 months for a limited time. Besides, the $149 annual fee is waived in the first year!

With the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:

  • 5% on grocery purchases (on the first $500 you spend monthly)
  • 4% on transit (on the first $300 you spend monthly)
  • 3% on gas and electric vehicle charging (on the first $300 you spend monthly)
  • 2% on recurring bill payments (on the first $500 you spend monthly)

Everywhere else, you’ll earn 1% cash back, including at Costco.

Other great offers

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.