Best Credit Cards For Costco – December 2023

The Costco credit card, the CIBC Costco Mastercard, is a co-branded card offered in partnership with CIBC.

It serves as both a means of payment and a Costco membership card. Users benefit from discounts or points on their purchases, with sometimes higher rates for purchases at Costco or specific categories. The card may also include additional benefits such as insurance and protection. Like all credit cards, it requires monthly payments, and interest can accrue in the event of non-payment.

To obtain a Costco credit card, the CIBC Costco Mastercard, you generally need to be a Costco member first. Once a member, visit the Costco website or your local warehouse to access credit card information. You’ll need to fill out an application, often online, where your financial and personal information will be requested. After submission, a credit check will be performed by CIBC, our financial institution partner. If you are approved, you will receive your card by mail. Be sure to read the terms and conditions before applying.

Yes, you can apply directly for the CIBC Costco Mastercard at any Costco store.

No, Costco Canada does not accept Visa credit cards (unlike in the U.S.). Only Mastercard credit cards are accepted at Costco Canada.

However, you can use a Visa credit card on Costco Canada’s online site: costco.ca.

Only Mastercard credit cards are accepted at Costco Canada. On this page, you’ll find the best credit cards for Costco in Canada.

Only Mastercard credit cards are accepted at Costco Canada. On this page, you’ll find the best credit cards for Costco in Canada.

You can also pay by debit card or cash.

Yes, you can use a debit card to pay at Costco. However, we recommend that you earn rewards with one of the best credit cards for Costco in Canada.

Costco Gift Certificates, often referred to as “Cash Cards” or “Gift Certificates” depending on the region, are pre-loaded cards that you can use to make purchases at Costco warehouses, on the Costco website, or to purchase gasoline at Costco gas stations. Here’s how to use them:

• At the Costco warehouse:
  • Simply present your gift card at checkout. The amount of your purchase will be deducted from your card balance.
  • If the amount of your purchase exceeds the balance on your card, you will be required to pay the difference using another accepted method of payment.
• On the Costco website:
  • When finalizing your order, choose the option to pay with a gift card or enter the gift card details when prompted.
  • As in the warehouse, if the purchase exceeds the balance on the gift card, you’ll need to provide another form of payment to cover the difference.
• Costco service stations :
  • Insert your gift card into the pump’s reader, just as you would with a credit or debit card. Follow the on-screen instructions.

Remarks :

• Costco gift certificates can often be used by non-members, making them a great way to try Costco without a membership. However, conditions may vary from region to region.
• Keep your gift card after a purchase until you’re sure you don’t need to return any items. Refunds for purchases made with gift certificates will generally be issued on the same gift card.

Finally, to check the balance of your Costco gift card or if you encounter any problems, contact Costco customer service or check the balance online, if this option is available in your area.

Here are the top 3 World Elite Mastercard credit cards for Costco:

• National Bank World Elite Mastercard
• BMO Ascend World Elite Mastercard

In Canada, only Mastercard credit cards are accepted at Costco warehouses. On the Costco.ca website, however, you can pay with a Mastercard or Visa credit card.

To buy at Costco, you need to be a Costco member. However, there are some exceptions to this rule in some countries. Here are some of the options for shopping at Costco without being a member:

1. Buy online: In some countries, such as Canada, buying on the Costco website is possible without being a member. However, some restrictions may apply, such as additional fees for non-members.
2. Buy with a gift card: If you have a Costco gift card, you can use it to shop at Costco without being a member. However, it is essential to note that gift cards have a limited value and you will not be able to purchase items that exceed the value of the gift card.

The cost of a Costco card depends on the type of card you choose. Basic membership cards are available for an annual fee, while premium membership cards may have a higher cost. Typical costs for basic membership cards in different countries are as follows:

• In the U.S.: The basic annual Costco membership card costs $60 USD.
• In Canada: The basic annual Costco membership card costs $60 CAD. Executive membership costs $120.
• In France: the basic annual Costco membership card costs 36 €.
• In the UK: The basic annual Costco membership card costs £33.60.

It is important to note that costs may vary depending on the region and the type of membership card you choose. Additional fees may also apply for premium membership cards. Before purchasing a Costco card, it is recommended that you check the specific costs and benefits for your area.

To pay for your CIBC Costco Card, you can use any of the following payment methods:

1. Online Payment: Log in to your CIBC Costco Credit Card online account and select the “Make a Payment” option. You can then enter the amount you wish to pay and choose your bank account to make the payment.
2. Automatic Payment: You can set up an automatic payment for your CIBC Costco Credit Card by selecting the “Automatic Payment” option in your online account. You can then select a monthly payment amount or your total credit card balance to be automatically withdrawn from your bank account each month.
3. Pay by Phone: You can make a payment by phone by calling your CIBC Costco Credit Card customer service number and following the instructions for making a payment by phone.
4. Paying in person: You can make a payment in person at any CIBC branch

To pay for your CIBC Costco Card, you can use any of the following payment methods:

1. Online Payment: Log in to your CIBC Costco Credit Card online account and select the “Make a Payment” option. You can then enter the amount you wish to pay and choose your bank account to make the payment.
2. Automatic Payment: You can set up an automatic payment for your CIBC Costco Credit Card by selecting the “Automatic Payment” option in your online account. You can then select a monthly payment amount or your total credit card balance to be automatically withdrawn from your bank account each month.
3. Pay by Phone: You can make a payment by phone by calling your CIBC Costco Credit Card customer service number and following the instructions for making a payment by phone.
4. Paying in person: You can make a payment in person at any CIBC branch

The best-prepaid card for Costco is the KOHO Extra Mastercard. With this prepaid card, you can earn 2% cash back on your Costco purchases.

Read all about the KOHO Mastercard prepaid card.