- 3%Cash back at restaurants and Costco gas
- 2%Cash back at other gas stations
- 1%Cash back on all other purchases
Earn a $100 statement credit when spending CA$3,000 within 120 days.
Earn 3% cash back at restaurants and Costco gas, 2% at other gas stations, and 1% on everything else.
A key differentiator is the 3% cash back at restaurants and Costco gas, making the CIBC Costco Mastercard a valuable choice for Costco members. Its combination of cash back rewards and no annual fee makes it a practical option for regular shoppers.
Pros:
- No annual fee
- Good cash back rates at Costco
Cons:
- Limited to Costco members
- Spending caps on rewards
The CIBC Costco Mastercard is particularly suitable for frequent Costco shoppers and those who often dine out, thanks to its competitive cash back rates at restaurants and Costco gas stations. With no annual fee and a welcome bonus, it offers a practical rewards structure for individuals who prioritize value in their everyday spending.