CIBC Costco Mastercard
Niche cardWhat the roles mean
- Costco members: 3% on restaurants and Costco gas, and the card doubles as your membership card
No standing sign-up cash bonus at June 14, 2026 capture.
Ends n/a.
Checked on CIBC's own page October 21, 2026. See CIBC's page
What it earns in a year
$390 back a year
No annual fee to take off.
Based on $30,000 a year of spending ($9,600 groceries, $3,000 gas, $3,000 dining…). Welcome offer not included.
Try it with your own spending →
- Dining & restaurants: 3% back.
- Gas / EV (3% at Costco gas, 2% elsewhere. First $5,000 a year, then 1%): 2% back.
- Groceries: 1% back.
- Everything else: 1% back.
Highlighted = use this card here.
How to apply for the CIBC Costco Mastercard
Check first
- Costco membership required: the card is your membership card
- Check you qualify Income: $15,000 personal. You need to live in Canada and be the age of majority in your province.
- Have this ready Your address and how long you've lived there, your employer and yearly income, and your monthly rent or mortgage. Your SIN is optional for a credit card; you can leave it blank.
- Expect a credit check Applying adds a hard inquiry to your credit report, which lowers your score a little for a few months. Space applications about 90 days apart.
- Apply on CIBC's own site Apply online from the bank's product page. This isn't an affiliate link: we earn nothing if you apply.Apply on CIBC's site →
How to use it
- Restaurants: 3%, no stated cap
- Costco gas: 3%, other gas and EV charging 2%, both on the first $5,000 of gas a year
- Costco.ca: 2% on the first $8,000 a year
- In the warehouse: 1%, the same as everything else
- Groceries outside Costco: use a grocery card. This one pays 1%
- Example: $800/month at the warehouse + $250/month Costco gas + $250/month dining = $276 a year, paid as a Costco certificate in January
Posts about this card
Key facts
- Annual fee
- $0
- Purchase interest
- 21.75%
- Foreign currency fee
- 2.5%
- Min. personal income
- $15,000
- Min. household income
- None published
- Rewards
- Cash back
Annual fee waiver
- No annual fee (Costco membership required)
From cibc.com product page, checked October 17, 2026. Not an affiliate link.
More CIBC cards
CIBC Aeroplan VisaNo annual fee
CIBC Aeroplan Visa Infinite$139 fee
CIBC Aeroplan Visa Infinite Privilege$599 fee
CIBC Aventura VisaNo annual fee
CIBC Aventura Visa Infinite$139 fee
CIBC Aventura Gold Visa$139 fee
CIBC Aventura Visa Infinite Privilege$499 fee
CIBC Dividend VisaNo annual fee
CIBC Dividend Visa Infinite$120 fee
CIBC Dividend Platinum Visa$99 fee
CIBC Adapta MastercardNo annual fee
Neo World Elite Mastercard
- This card: dining & restaurants, travel, transit, drugstore / pharmacy, entertainment, everything else
- Neo World Elite Mastercard: groceries, gas / ev, bills & subscriptions
- Together: $763 a year after both fees, vs $390 with this card alone
If your stores take Amex: Scotiabank Gold Amex for groceries, gas / ev, dining & restaurants, transit, entertainment makes it $888 a year. Costco and Loblaw-banner grocers don't take Amex.
Computed on our standard household ($30,000 a year): each kind of spending goes to whichever card pays more, both fees taken off. Partners are everyday, category and churning cards on Visa or Mastercard. Points at their simplest redemption. Welcome offers not included.
Pros
- $0 annual fee, including up to 3 extra cards
- 3% on restaurants and Costco gas
- 1% on everything else, with no cap
- Doubles as your Costco membership card
- $1,000 phone cover
- Free Skip+ when linked, plus 3% on Skip orders
Cons
- Cash back comes once a year, in January, as a certificate you can only spend at Costco in Canada
- Extra cardholders cannot redeem
- Needs a paid Costco membership
- In-warehouse purchases earn only 1%
- After $5,000 of gas a year, all gas (Costco included) drops to 1%
- No travel or rental car insurance
- 2.5% on foreign-currency purchases
Insurance included
- Phone: $1,000 for loss, theft or damage, up to 2 years after purchase
- Purchases: 90 days of theft/damage cover, +1 year warranty
Maximums as CIBC lists them. Conditions apply; the insurance certificate decides claims.
Perks
- Skip: free Skip+ and 3% back on Skip orders when you link the card
- CIBC Pace It: no instalment fees on eligible Costco and Costco.ca purchases
Other cards for dining & restaurants
Back a year on $3,000 of dining & restaurants, caps included. Points at best-case value. Before annual fees.
| Card | Earns on dining & restaurants | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| Amex Cobalt | 5× points≈ 10.0% in value | $300 | $192 | October 21, 2026 |
| Scotiabank Gold Amex | 5× points | $150 | $120 | November 2, 2026 |
| National Bank World Elite Mastercard | 5× points | $150 | $150 | October 21, 2026 |
| Simplii Cash Back Visa | 4% back | $120 | $0 | October 21, 2026 |
| RBC British Airways Visa Infinite | 2× points≈ 4.0% in value | $120 | $165 | October 23, 2026 |
| Desjardins Odyssey Visa Infinite Privilege | 4% back | $120 | $395 | October 21, 2026 |
| CIBC Costco Mastercard | 3% back | $90 | $0 | October 21, 2026 |
Other cards for gas / ev
Back a year on $3,000 of gas / ev, caps included. Points at best-case value. Before annual fees.
| Card | Earns on gas / ev | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| SimplyCash Preferred | 4% back | $120 | $120 | October 21, 2026 |
| Amex Cobalt | 2× points≈ 4.0% in value | $120 | $192 | October 21, 2026 |
| Amex Gold Rewards | 2× points≈ 4.0% in value | $120 | $250 | October 21, 2026 |
| CIBC Aventura Visa Infinite Privilege | 2× points≈ 4.0% in value | $120 | $499 | October 21, 2026 |
| CIBC Dividend Visa Infinite | 4% back≈ 3.9% in value | $118 | $120 | October 21, 2026 |
| BMO eclipse Visa Infinite | 5× points≈ 3.4% in value | $101 | $120 | October 21, 2026 |
| CIBC Costco Mastercard | 2% back | $60 | $0 | October 21, 2026 |
How the offer has changed
One row per check of CIBC's page, newest first. Old rows are never edited.
| Checked | Welcome offer | Fee, year one | Ends |
|---|---|---|---|
| October 21, 2026 | No welcome offer shown on the product page (Skip+ link perk only)Page text, all footnotes and Costco rate sheet (current as of August 1, 2026) identical to October 17, 2026 | $0 (Costco membership required) | n/a |
| October 17, 2026 | No welcome offer shown on the product page (Skip+ link perk only)First §12 row. Earn unchanged. Issuer footnote puts Costco gas under the same $5,000 gas cap (after it, all gas incl. Costco earns 1%) | $0 (Costco membership required) | n/a |
General information, not financial advice. Offers change; confirm on CIBC's page before you apply.