CIBC Costco Mastercard
Costco members who dine out and fill up at Costco gas regularly.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A no-brainer companion card for Costco members thanks to 3% restaurant and Costco-gas rates, though the annual lump-sum redemption and 1% warehouse rate temper its appeal.
Reward rates
Restaurants | 3% |
Costco gas | 3% |
Other gas stations & EV charging | 2% |
Costco.ca online purchases | 2% |
Everything else, including in-warehouse Costco purchases | 1% |
Pros
- Strong 3% on restaurants and Costco gas with no fee
- Mobile device insurance is rare on no-fee cards
Cons
- Only 1% on in-warehouse Costco purchases
- Cash back paid just once a year as a gift certificate
Perks
- No annual fee with no limit on total cash back
- Special Pace It installment rates on Costco purchases (5.99% for 6 months, 6.99% for 12, 7.99% for 24) with no installment fees
- Annual cash back gift certificate redeemable at Costco warehouses
- Doubles as your Costco membership card
- Up to 3 additional cards at no cost
Insurance
- Mobile device insurance
- Purchase security and extended warranty
Frequently asked questions
Is the CIBC Costco Mastercard worth it?
It has no annual fee, and we rate it 4.0 out of 5. It's best suited to costco members who dine out and fill up at Costco gas regularly. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the CIBC Costco Mastercard earn?
It earns 3% on restaurants, 3% on costco gas and 2% on other gas stations & ev charging.
What credit score do you need for the CIBC Costco Mastercard?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. It also lists an income requirement of $15,000 personal. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“CIBC Costco Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/cibc-costco-mastercard, updated June 2026.
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