CIBC Costco Business Mastercard
Cash Back No Annual Fee Business

CIBC Costco Business Mastercard

CIBC CIBC
Welcome Bonus: $100 Statement Credit Welcome Bonus.
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Annual Fee $0
Purchase APR 20.75%
Cash Advance 22.49%
Bonus Value $100

RateBuddy Verdict

The Good
  • Includes a unique 2% cash back category for business essentials like Shipping and Insurance services.
  • No annual fee for the primary cardholder and up to 9 authorized users, making it highly scalable for small teams.
  • Strong 3% earn rate on restaurants and Costco gas helps offset common business travel and dining expenses.
The Trade-offs
  • Rewards are only accessible once a year in January via a Costco gift certificate, which may impact business cash flow flexibility.
  • Requires a Costco membership to apply, which carries its own separate annual cost.
  • Lacks essential travel medical and car rental insurance coverage, despite being a business-oriented card.

Rewards & Earnings

Dining 3%
Gas 3%
Travel 2%
Recurring Bills 2%
Base Rate 1%
Rewards Summary: Costco Gas & Restaurants: 3% cash back; Costco Business Centre, Shipping & Insurance: 2% cash back; Other Gas & Costco.ca: 2% cash back; Base Earn: 1% cash back.

Welcome Bonus Details

Earn a $100 statement credit when you spend $3,000 or more within the first 120 days of account opening.

Estimated Value: $100

Features & Benefits

No Annual Fee
No annual fee (Requires Costco Membership)
Mobile Device Insurance
Up to $1,000 coverage included
Extended Warranty Insurance
Included
Purchase Security Insurance
Included

Insurance Coverage

Mobile Device: $1,000; Purchase Security: 90 days; Extended Warranty: +1 Year; Note: Does not include Travel Medical, Trip Cancellation, or Car Rental insurance.

Rates, Fees & Eligibility

Purchase APR20.75%
Cash Advance APR22.49%
Annual Fee$0
Income Required Personal: $15,000
Recommended Credit Score—

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Filed Under

Cash Back No Annual Fee Business
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