Cash Back
No Annual Fee
CIBC Costco Mastercard
CIBC
Welcome Bonus:
Earn up to 3% cash back everywhere Mastercard is accepted
Secure RateBuddy connection · Application completed on CIBC’s site
Annual Fee
$0
Purchase APR
21.75%
Cash Advance
22.49%
Bonus Value
$30
RateBuddy Verdict
The Good
- Excellent 3% cash back rate on dining and gas (at Costco stations), with no annual fee for members.
- Conveniently functions as both your payment card and your Costco membership card.
- Includes $1,000 Mobile Device Insurance, a premium feature rarely found on no-fee retail cards.
The Trade-offs
- Cash back is only distributed once a year (January) as a Costco gift certificate, which limits how you can use your rewards.
- Spending inside Costco warehouses only earns 1% cash back, which is lower than some other premium mastercards.
- Does not include any travel medical or car rental insurance coverage.
Rewards & Earnings
Groceries
1%
Dining
3%
Gas
3%
Travel
2%
Base Rate
1%
Rewards Summary:
Restaurants & Costco Gas: 3% cash back; Other Gas & Costco.ca: 2% cash back; Costco Warehouses & Base Earn: 1% cash back; Reward Type: Annual Costco Gift Certificate.
Welcome Bonus Details
Earn up to 3% cash back everywhere Mastercard is accepted
Estimated Value: $30
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 or Car Rental insurance.
Rates, Fees & Eligibility
| Purchase APR | 21.75% |
|---|---|
| Cash Advance APR | 22.49% |
| Annual Fee | $0 |
| Income Required |
Personal: $15,000 Household: $15,000 |
| Recommended Credit Score | — |
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Filed Under
Cash Back
No Annual Fee
Secure RateBuddy connection