CIBC Costco Mastercard
CIBC
MASTERCARDCASHBACK
Annual fee$0
Auth card feeFree
FX fee2.5% FX fee
Earn rates
| Rate | Description | Applies to | Scope |
|---|---|---|---|
| 3% | 3% cash back on restaurant purchases | See issuer terms | Canada only |
| 3% | 3% at Costco gas stations | Costco gas stations | Canada only |
| 2% | 2% on other gas stations and Costco.ca purchases | Other gas stations and Costco.ca | Canada only |
| 1% | 1% on all other purchases, including warehouse Costco | See issuer terms | Worldwide |
Lounge access
No lounge access included
Key benefits
- Mobile device insurance
- Purchase security and extended warranty
Caps & limitations
- Gas and EV charging (3% at Costco gas, 2% elsewhere) earn the accelerated rate on the first $5,000 in annual spend, then 1%
- Costco.ca (2%) earns the accelerated rate on the first $8,000 in annual spend, then 1%
- Restaurant 3% cash back has no annual cap
Brand-specific boosts
- Costco gas: 3%3% cash back at Costco gas stations
Note: Cash back is paid once a year as a Costco certificate. Officially it is redeemed toward Costco purchases, but the warehouse register pays out any amount above your purchase in cash, so in practice it is cashable — which is why its redemption flexibility is rated as high as cash.
Rates verified against the official issuer page: www.cibc.com