Cash Back
No Annual Fee
CIBC Costco Mastercard
CIBC
Current Welcome Offer
Earn up to 3% cash back everywhere Mastercard is accepted
Annual Fee
$0
Purchase APR
21.75%
Cash Adv. APR
22.49%
Welcome Bonus
~$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 1.00%
Dining & Takeout 3.00%
Gas & Transit 3.00%
Travel 2.00%
Base Rate 1.00%
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.
- Restaurants & Costco Gas: 3.0%
- Other Gas & Costco.ca: 2.0%
- Costco Warehouse & All Other Purchases: 1.0%
Welcome Bonus Details
Earn up to 3% cash back everywhere Mastercard is accepted
Estimated Value: $30.00
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
Additional Perks
- :
- :
- :
- :
- :
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 Details
| Purchase APR | 21.75% |
|---|---|
| Cash Advance APR | 22.49% |
| Annual Fee | $0 |
| Income Required |
Personal: $15,000 Household: $15,000 |