The easiest way to pay at Costco Canada… is with a Mastercard credit card .
But as you will see below, you could also use Visa cards with a back door method.
Note that no credit card considers Costco a grocery store!
You don’t need to have a CIBC Costco Mastercard, contrary to what many Costco members believe.
All Mastercard credit cards are accepted at Costco!
So here is the list of the best Mastercard and Visa card to maximize your returns at your favourite warehouse.
There are many MASTERCARD credit cards out there you can use at Costco.
Choose the best one based on your goal:
If you wish to get cash back, there are many MASTERCARD cash back credit cards for your Costco purchases!
The Rogers Red World Elite® Mastercard® is one of the best no-annual-fee cash-back credit cards in Canada.
With the Rogers Red World Elite Mastercard, you get 2% cash back on all purchases (including at Costco) if you are an eligible Rogers, Fido or Shaw customer.
Alternatively, earn 1.5% unlimited cash back on all eligible purchases in currencies other than U.S. dollars.
Receive 3% cash back on all purchases in U.S. dollars (this credit card is therefore particularly suitable for snowbirds) and 50% more cash back every time you redeem for Rogers, Fido or Shaw purchases.
What’s more, Rogers customers have 5 days’ free access to Roam Like Home roaming plan when they travel (a value of up to $75).
As the Rogers Red World Elite Mastercard is a World Elite Mastercard, you benefit from a complimentary Mastercard Travel Pass (offered by DragonPass) giving access to over 1,300 airport lounges worldwide (US$32 per person per visit).
Finally, you’re protected by a wide range of insurance coverages, such as :
Here are several other cash back MASTERCARD credit cards:
As you’ve seen below, there are more attractive cash back credit cards than the CIBC Costco Mastercard.
As a reminder, this one offers gas pedals for restaurants, gasoline and Costco.ca (but there are annual limits to respect). Otherwise, you’ll earn 1% cash back on all other purchases, including those made at Costco.
If you prefer travel points, there are many Travel Points MASTERCARD credit cards for your Costco purchases!
National Bank World Elite Mastercard is the best Mastercard credit card on NBC. With the current welcome offer exclusive to the Milesopedia Network, receive up to 35,000 bonus points, distributed as follows:
What’s more, you pay no annual fee for the first year.
With this card, you earn up to 5 points per dollar on your purchases:
And since it’s a National Bank Mastercard credit card, you can use it at Costco.
With this card, you have access to a $150 annual travel credit that you can use in any of these categories:
In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo. And unlimited access to the National Bank Lounge at Montreal-Trudeau.
Finally, in 2023 and 2024, Milesopedia voted National Bank World Elite Mastercard as the Best Credit Card for Travel and the Best Credit Card for Insurance.
Here are several other Travel MASTERCARD credit cards:
If you don’t have the minimum income requirement for World Elite cards ($80,000 individual / $150,000 household), here are other MASTERCARD credit cards with travel rewards:
If you’re an AIR MILES collector, you probably want to earn AIR MILES Bonus Miles for your Costco purchases!
With the BMO® AIR MILES® World Elite Mastercard®*, you’ll earn 2 miles for every $12 spent at Costco. That’s1.75% cash back when you use your AIR MILES Miles with the Cash option.
With this exclusive offer for the BMO AIR MILES® World Elite Mastercard®*, you earn 3,000 miles after $3,000 in purchases in the first three months. Plus, earn an additional 1,500 miles when you spend at least $700 at eligible wholesale clubs and alcohol retailers.
Besides, the annual fee is waived in the first year!
With this card, you earn 3 miles for every $12 spent at participating AIR MILES Partners. Then, earn 2 miles for every $12 in purchases at any eligible grocery store and wholesale club (warehouse like Costco) or alcohol retailer (SAQ, LCBO, etc.). Everywhere else, you’ll earn 1 AIR MILES mile for every $12 in purchases, including Walmart.
What’s more, it’s the only AIR MILES credit card in Canada to offer a 25% discount on AIR MILES flights to any destination during the calendar year.
The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:
Only BMO has AIR MILES MASTERCARD credit cards.
With these AIR MILES credit cards, you earn 2 miles for every $25 spent at Costco.
On Costco.ca, you can pay with a VISA credit card. And since you can buy Costco SHOP cards that you can use in warehouses, it’s a backdoor method to use any VISA credit card for Costco!
Choose the best credit card based on your goal:
If you’re a member of the Aeroplan program, you’ll want to be able to earn Aeroplan points on your Costco purchases!
Buy a Costco Shop Card with your Aeroplan credit card on costco.ca, to use it in your warehouse!
The TD® Aeroplan® Visa Infinite* Card is a great way to earn Aeroplan points for all your purchases at Costco.
With this credit card you earn:
There are several other credit cards that offer Aeroplan points that may be of interest:
There are many Travel Points VISA credit cards for your Costco purchases!
The Scotiabank Passport™ Visa Infinite* is a great way to earn travel points for all your Costco purchases.
With this credit card, you earn:
Several other travel points credit cards may be interesting for you:
If you prefer cash back, there are a few cash back VISA credit cards for your Costco purchases!
The CIBC Dividend® Visa Infinite* Card is a great way to earn cash back on all your purchases at Costco.
Three other cash back credit cards may be of interest:
As you can see, you’re spoilt for choice when it comes to credit cards to use at Costco.
If we had to choose just one, we’d take the Rogers Red World Elite® Mastercard® for several reasons:
Savings are here:
