The CIBC Costco Mastercard

Make every Costco visit more rewarding with the CIBC Costco, offering exceptional cash back on all your purchases.

CREDIT CARD

CIBC Costco Mastercard

High rewards rate Annual fee $0

SEE HOW TO APPLY You will remain on the current site

This is a cash back credit card designed in partnership with Costco to offer exclusive benefits to Costco members. This card provides substantial cash back rewards on everyday purchases, with higher rewards rates on gas, groceries, and Costco purchases. As a Costco member, you can maximize your savings and earn cash back rewards, making it a valuable addition to your wallet for everyday spending.

This card is an unbeatable combination of benefits that cater to both the practical and indulgent side of your spending. Enjoy enhanced cash back rates on everything from gas to groceries and access exclusive offers and experiences.

See how this card turns everyday spending into exciting rewards.

Pros

• Earn cash back on all purchases, with higher rates on gas, groceries, and Costco purchases.
• No Annual Fee.
• Enjoy additional benefits such as purchase protection and extended warranty coverage.
• Seamlessly integrate with your Costco membership for enhanced savings and rewards.
• Receive travel insurance coverage for peace of mind during trips.

Cons

• Cash back rewards are primarily redeemable as an annual credit card statement.
• Approval may require a good credit score.
• The card is specifically designed for Costco members, limiting its accessibility to non-members.

For whom was this credit card made for?

This credit card is specifically crafted for Costco members who are regular shoppers at Costco and are keen to optimize their savings through cash back rewards. It appeals particularly to individuals and families who prioritize everyday essentials such as groceries, fuel, and purchases at Costco, as these categories offer enhanced cash back rates.

Whether you’re stocking up on household staples or fueling up your vehicle, this card provides a practical and efficient way to earn cash back rewards on your routine spending. With its seamless integration with Costco membership benefits, this card is designed to enhance the shopping experience for Costco enthusiasts looking for a straightforward and cost-effective credit card solution.

Why do we like this credit card?

We like it for its straightforward cash back rewards program and integration with Costco membership benefits. With this card, you can earn cash back on essential purchases, especially at Costco, and redeem your rewards as an annual credit card statement to offset expenses.

The absence of an annual fee and the inclusion of additional benefits such as purchase protection and travel insurance enhance the overall value of the card. If you are a Costco member looking for a practical credit card that aligns with your spending habits and offers significant savings, this credit card is an excellent choice that delivers simplicity, rewards, and value.