cash-back4.0 / 5

CIBC Costco Mastercard

CIBC

Best for

Costco members who dine out and fill up at Costco gas regularly.

Apply on CIBC

Annual fee

None

FX fee

2.5%

Purchase APR

21.75%

Income req.

$15,000 personal

Recommended credit score

640+

Approval difficulty

Moderate approval

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

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.

Written by

The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“CIBC Costco Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/cibc-costco-mastercard, updated June 2026.

Sources

CIBC cardholder agreement and rates & fees disclosure
VaultNerd cards database