Offer

3% cash back at restaurants
3% cash back at Costco gas and 2% cash back at other gas stations (on the first $5,000 net annual card purchases. Beyond that, you’ll earn 1% cash back)
2% cash back at Costco.ca (on the first $8,000 net annual card purchases. Beyond that, you’ll earn 1% cash back)
1% cash back on all other purchases including at Costco

The $5,000 and $8,000 limit will reset to zero annually on January 1.

Fees & Conditions

Annual Fee $0

First Additional Card $0

Other Additional Card $0

Foreign Transaction Fee 2.5%

Purchase Rates 20.75%

Cash Advance Rates 22.49%

Balance Transfer Rates 22.49%

Cash Advance Rate (QC) 21.99%

Balance Transfer Rates (QC) 21.99%

Advantages

Costco

Earnings

Per dollar of purchases

All Spending 1 %

Groceries 1 %

Gas 3 %

Dining and Food delivery 3 %

Convenience Stores 1 %

Drugstores 1 %

Local Transport 1 %

Travel 1 %

Entertainment 1 %

Recurring Payments 1 %

Telecom/Internet 1 %

Streaming services 1 %

Online transactions 1 %

Office Supplies 1 %

Insurance

Travel Insurance

Travel Medical Insurance

Travel medical insurance up to 54 years old

Travel medical insurance up to 64 years old

Travel medical insurance 65+

Trip Cancellation Insurance

Trip Interruption Insurance

Common Carrier Travel Accident Insurance

Flight Delay Insurance

Delayed Baggage Insurance

Lost/Stolen Baggage Insurance

Auto Rental Loss/Insurance

Hotel/Motel Burglary Insurance

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Extended Warranty

1 year

Purchase Protection

90 day(s)

Mobile Device Insurance

$1,000

1 year

Price Protection

Our review

Milesopedia Links

Alternative Cards

BMO CashBack^® Mastercard^®*

Up to $100 cash back

Ends Jun 1, 2025

First year value : $358

Apply Now

MBNA Smart Cash Platinum Plus^® Mastercard^®

Up to $150 cash back

First year value : $396

Apply Now

3.1 Milesopedia Rating