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Best Credit Cards for Costco – June 2021

To the point

Are you looking for the best credit card for Costco to replace your Capital One? Here are the best credit cards!

The Best Credit Cards For Costco Canada

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.

costco mastercard

However, you don’t necessarily need to own the Capital One Mastercard Costco credit card, offered at every checkout, contrary to many Costco members’ beliefs! Also, this credit card will no longer exist in 2021.

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All Mastercard credit cards are accepted at Costco!

Here’s a list of the best Mastercard and Visa credit cards in Canada to maximize your returns at Costco!

The best MASTERCARD credit cards for Costco

Cash back

If you wish to get cash back, there are many MASTERCARD cash back credit cards for your Costco purchases!

The choice of milesopedia

If your goal is to get cash back, the MBNA Rewards World Elite® Mastercard® is a good choice.

With this credit card, you’ll earn 2 points for every dollar spent at Costco. That’s 2% cash back when you use your points for travel.

Other credit cards

Several other MASTERCARD cash back credit cards may be attractive for you:

air miles

AIR MILES

If you’re an AIR MILES collector, you probably want to earn AIR MILES Bonus Miles for your Costco purchases!

The choice of milesopedia

Our choice of AIR MILES Mastercard credit card for Costco is the BMO® AIR MILES® World Elite®* Mastercard®*.

With this credit card you earn:

  • 1 mile for every $12 spent at Costco
  • 3 miles per $12 spent at participating AIR MILES Partners
  • A great welcome bonus
  • First-year free
  • Premium travel insurance

Other credit cards

Only BMO has AIR MILES MASTERCARD credit cards. Fortunately, the choice is extensive and you can earn a welcome bonus for each card!

With all these cards, you earn 1 reward mile for every $25 in Costco purchases.

Here’s a selection of other credit cards for Costco:

Travel points

If you prefer travel points, there are many Travel Points MASTERCARD credit cards for your Costco purchases!

The choice of milesopedia

The National Bank’s World Elite Mastercard® is the best credit card from NBC.

You can earn up to 2 points per dollar in Card purchases, including at Costco.

Besides, you get up to $250 in travel credits per calendar year:

  • Airport parking: $100
  • Baggage fees: $100
  • Seat selection: $50

The National Bank’s World Elite Mastercard® is a credit card to keep, year after year, for several reasons:

  • it has one of the best travel and purchases credit card insurance on the market
  • up to $250 travel credit per year
  • Unlimited access to the National Bank Lounge at Montreal-Trudeau airport

Other credit cards

Several other Travel Points MASTERCARD credit cards may be attractive for you:

If you don’t have the minimum income for World Elite cards ($80,000 individual / $150,000 household), here are other Travel Points MASTERCARD credit cards:

Hotel points

To earn hotel points for your Costco purchases there is only one MASTERCARD credit card in Canada: the Best Western Rewards® Mastercard.

With this credit card you earn:

  • 1 point per dollar at Costco.ca
  • No annual fee

The best VISA credit cards for 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!

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Aeroplan New Logo

Aeroplan

If you’re an AEROPLAN member, you’ll probably want to earn AEROPLAN miles for Costco purchases!

Buy a Costco Shop Card with your Aeroplan credit card on costco.ca, to use it in your warehouse!

The choice of milesopedia

The TD® Aeroplan® Visa Infinite Card is a great way to earn Aeroplan miles for your Costco purchases.

With this credit card you earn:

  • 1 point for every dollar spent on Costco.ca
  • A great welcome bonus
  • Premium travel insurance

Other credit cards

There are several other credit cards that offer Aeroplan points that may be of interest:

  • TD®Aeroplan® Visa Infinite Privilege* Card: 1.25 Aeroplan points per dollar spent at Costco.ca
  • CIBC Aeroplan Visa Infinite* CardMD: 1 Aeroplan point for every $1 spent at Costco.ca
  • TD Visa Platinum* CardMD AeroplanMD: 1 Aeroplan point for every $1.5 spent at Costco.ca

Travel points

There are many Travel Points VISA credit cards for your Costco purchases!

The choice of milesopedia

The Scotiabank Passport™ Visa Infinite* is a great way to earn travel points for all your Costco purchases.

With this credit card you earn:

  • 1 point per dollar at Costco.ca
  • A great welcome bonus
  • 6 complimentary accesses to VIP airport lounges
  • No conversion fee for foreign currency transactions
  • Premium travel insurance

Other credit cards

Several other travel points credit cards may be interesting for you:

Cash back

If you prefer cash back, there are a few cash back VISA credit cards for your Costco purchases!

The choice of milesopedia

The Scotia Momentum® VISA Infinite* card is a great way to earn cash back for all your Costco purchases.

With this credit card you earn:

  • 1% on Costco.ca
  • 4% on recurring bill payments and grocery store purchases
  • Premium insurance

Other credit cards

Two other credit cards that offer cash back can be interesting:

Conclusion

As you can see, you’re spoilt for choice when it comes to credit cards to use at Costco.

If we were to choose only one as travellers, we would take the National Bank’s World Elite Mastercard® for several reasons:

  • You can earn up to 2 points per dollar in Card purchases, including at Costco.
  • Besides, you get up to $250 in travel credits per calendar year:
  • Premium travel insurance(including miles and points travels)

And there is a great offer right now for this Card with $300 cash back!

HSBC Canada Credit Cards

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