- 3%Cash back at restaurants and Costco gas
- 2%Cash back at other gas stations and Costco.ca
- 1%Cash back on all other purchases
Receive a $100 statement credit when you spend $3,000 or more within 120 days of opening the account.
Earn 3% cash back at restaurants and Costco gas, 2% at other gas stations and Costco.ca, and 1% on all other purchases.
What sets the CIBC Costco Mastercard apart is its high cash back rates on gas and dining, making it a great choice for frequent Costco shoppers. The card's annual cash back rewards are a unique feature that appeals to those who regularly shop at Costco.
Pros:
- No annual fee
- High cash back on gas and dining
Cons:
- Requires Costco membership
- Cash back is issued annually
The CIBC Costco Mastercard is particularly suitable for individuals who frequently shop at Costco and spend considerably on gas and dining, given its competitive cash back rates in these categories. With no annual fee and a welcome bonus, this card can be an attractive option for cost-conscious consumers looking to maximize their rewards on everyday purchases.