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Pros & Cons
Pros
- +Welcome Bonus: $100
- +Up to 3x on gas & EV charging
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
- –No purchase protection
Our Review
The CIBC Costco Mastercard for Business is a business credit card with no annual fee (up to 9 authorized users) offering cash back:
- 3% at Costco – gas and restaurants;
- 2% on Costcobusinesscentre.ca, Costco.ca, shipping, insurance, other gas stations and electric vehicle charging;
- 1% on all other purchases, including Costco.
No limit on cash back earned, an annual Costco rewards gift certificate, Skip+ membership and insurance coverage (mobile devices, purchase protection and extended warranty).
Rewards
All Spending
1x
Cash Back pts per dollar
Gas
3x
Cash Back pts per dollar
Restaurants
3x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$420
$/yr
Estimated Value
$420
After Fees
+$420
1st Year Value
$520
incl. welcome bonus
Annual rewards breakdown
Fees and interest rates
- Annual Fee$0
- Foreign currency conversion fee2.5%
Terms & Conditions
Card Features
⚠️ Offer to be confirmed on the CIBC website (most recent data available). Get a $100 statement credit after spending $3,000 or more within 120 days of account opening.
Account must be approved, opened and in good standing. Offer may be changed or withdrawn at any time.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 CIBC. All trademarks are property of their respective owners.