Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
$30 statement credit
Apply Now →on CIBC's website
- 3%Cash back at restaurants and Costco gas
- 2%Cash back at other locations
- 1%Cash back on all other purchases
Welcome Bonus:
Join and earn a $30 statement credit.
Reward Rate:
Earn up to 3% cash back at restaurants and Costco gas, 2% cash back at other locations.
This card shines for its high cash back rates at Costco and restaurants, making it a top choice for Costco members who frequently dine out. The no annual fee adds to its attractiveness for budget-conscious consumers.
Pros:
- No annual fee
- High cash back at Costco and restaurants
Cons:
- Limited to Costco members
- Cash back is paid out annually
The CIBC Costco Mastercard is particularly suitable for frequent Costco shoppers and individuals who often dine out, given its competitive cash back rates in these categories. With no annual fee, it presents an appealing option for budget-conscious consumers looking to maximize their rewards without incurring extra costs.