CIBC Costco Mastercard

cibc costco mastercard

CIBC Costco Mastercard

Welcome Bonus

None

Best For

Value
Year 1

$350

Years 2 and +

$350

Annual Fee

$0

Interest rates
Purchase Rates

19.75 %

Cash Advance Rates

21.49 %

Balance Transfer Rates

21.49 %

Your Monthly Spending

Offer

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
Purchase Rates 19.75%
Cash Advance Rates 21.49%
Balance Transfer Rates 21.49%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP Lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

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

Insurance Name
Included
Amount
Duration
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

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
$1,000
1 year
Price Protection