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CIBC Costco Mastercard
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cash backno fee

CIBC Costco Mastercard

4.0
  • 3% restaurants
  • 3% costco gas
  • 2% other gas stations & ev charging
Annual fee
No annual fee

Requires an active Costco membership

Interest rates

Purchases

21.75%

Cash advances

22.49%

Foreign transactions
2.5%

Rated by the CreditCardGuru Editorial Team

A no-brainer companion card for Costco members thanks to 3% restaurant and Costco-gas rates, though the annual lump-sum redemption and 1% warehouse rate temper its appeal.

At a glance

Annual fee
No annual fee
Foreign tx fee
2.5%
Network
MASTERCARD
Rewards
cash back
Purchase APR
21.75%

Rewards & earn rates

Restaurants3%
Costco gas3%
Other gas stations & EV charging2%
Costco.ca online purchases2%
Everything else, including in-warehouse Costco purchases1%

Pros & cons

Pros

  • Strong 3% on restaurants and Costco gas with no fee
  • Mobile device insurance is rare on no-fee cards

Cons

  • Only 1% on in-warehouse Costco purchases
  • Cash back paid just once a year as a gift certificate

Perks & insurance

Key perks

  • No annual fee with no limit on total cash back
  • Special Pace It installment rates on Costco purchases (5.99% for 6 months, 6.99% for 12, 7.99% for 24) with no installment fees
  • Annual cash back gift certificate redeemable at Costco warehouses
  • Doubles as your Costco membership card
  • Up to 3 additional cards at no cost

Insurance

  • Mobile device insurance
  • Purchase security and extended warranty

Rates & fees

Annual fee
None
Purchase interest
21.75%
Cash advance
22.49%
Foreign transactions
2.5%
Min. personal income
$15,000

Requires an active Costco membership.

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but CIBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on CIBC's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and CIBC's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with CIBC. Trademarks belong to their respective owners.

Similar cards to consider

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CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.
Annual fee
$120 $0
Welcome bonus
$350
Top reward
4% groceries
  • 4% on gas and groceries is among the highest in Canada
  • Strong 2% middle tier covers dining, transit and bills

Suggested score 720+ · Excellent credit

Apply nowView details
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

  • 200+ Canadian cards tracked
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Cite this page

“CIBC Costco Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/cibc-costco-mastercard, updated June 7, 2026.

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