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Best Credit Cards for Costco – May 2022

To the point Looking for the best credit card for Costco to replace your new CIBC Costco Mastercard credit card ? 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

You don’t need tohave a CIBC Costco Mastercard credit card , contrary to the beliefs of many Costco members!

Costco cibc

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 favorite warehouse.

The best MASTERCARD 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 NBC credit card.

With this exclusive welcome offer for Milesopedia readers, you can earn 35,000 points after $3,000 in purchases and the first year annual fee is waived for the primary and first additional cardholder.

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

In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo.

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

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:

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

The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit card in Canada.

For a limited time, you will earn 10% cash back on all purchases for the first three months (up to $260 cash back). Besides, the annual fee is waived in the first year!

With the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:

  • 5% on grocery purchases (on the first $500 you spend monthly)
  • 4% on transit (on the first $300 you spend monthly)
  • 3% on gas and electric vehicle charging (on the first $300 you spend monthly)
  • 2% on recurring bill payments (on the first $500 you spend monthly)

Everywhere else, you’ll earn 1% cash back, including at Costco.

Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.

Other credit cards

Here are several other cash back MASTERCARD credit cards:

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

With this exclusive offer for the BMO® AIR MILES® World Elite®* Mastercard®*, you can earn 3,000 AIR MILES Bonus Miles after $3,000 in Card purchases, representing a $310 cash value. 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. Everywhere else, you’ll earn 1 Mile for every $12 spent, including at Costco and Walmart. And it’s the only AIR MILES credit card in Canada to offer a 15% discount on AIR MILES flights within North America with no blackout periods.

The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:

  • Premium insurance for your travels or purchases
  • Double the miles for car rentals with National or Alamo
  • Concierge services

Other credit cards

Only BMO has AIR MILES MASTERCARD credit cards.

With these cards, you earn 1 mile for every $25 spent at Costco.

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!

Costco Cash Cards
Aeroplan New Logo

Aeroplan

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 choice of milesopedia

The TD® Aeroplan® Visa Infinite* Card is a great way to earn Aeroplan points on all 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:

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 CIBC Dividend® Visa Infinite* Card is a great way to earn cash back on all your purchases at Costco.

With this credit card, you earn:

  • 1% on Costco.ca
  • 4% on grocery and gas purchases
  • Premium insurance

Other credit cards

Three other cash back credit cards may be of interest:

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)
Come to discuss that topic in our Facebook Group!

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