CIBC Costco Mastercard
Last updated:
No annual fee
Opens issuer website
Key Details
Annual Fee
$0
Network
mastercard
Credit Required
good
Reward Type
cashback
Rewards Earn Rates
2x
Groceries
3x
Gas
3x
Dining
2x
Travel
1x
Everything Else
Highlights
- No annual fee (Costco membership required)
- 3% cashback on dining and gas
- 2% on groceries and travel
- 1% on everything else
Pros & Cons
Pros
- + No annual fee
- + Great earn rates across categories
- + 3% on gas and dining
- + Good base rate of 1%
Cons
- – Requires Costco membership
- – Cashback paid as annual certificate
- – Only redeemable at Costco
- – Not a standalone option
Who Is This Card For?
The CIBC Costco Mastercard is best suited for Canadians who prioritize cashback, gas, dining spending. With no annual fee, it's an excellent choice for anyone who wants rewards without ongoing costs.
Benefits Breakdown
Extended Warranty
Purchase Protection
90 days
Insurance Coverage Details
Ways to Reduce the Annual Fee
- No annual fee (Costco membership is separate)
- The card essentially makes your Costco membership partially pay for itself
Multi-Card Strategy
Must-have for Costco shoppers since Costco only accepts Mastercard in-store. Pair with an Amex for groceries/dining elsewhere and this for Costco + gas.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for CIBC Costco MastercardAffiliate link · Disclosure
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.