- 3%Cash back at restaurants and Costco gas
- 2%Cash back on other gas/EV charging
- 1%Cash back on all other purchases
Earn a $100 statement credit when you spend $3,000 in net purchases within the first 120 days.
Earn 3% cash back at restaurants and Costco gas, 2% on other gas/EV charging, and 1% on all other purchases.
The CIBC Costco Mastercard is particularly appealing for Costco members, offering high cash back rates on purchases made at Costco and restaurants. With no annual fee, it provides excellent value for those who frequently shop at Costco.
Pros:
- No annual fee
- High cash back on Costco purchases
Cons:
- Requires Costco membership
- Limited to specific categories for higher rewards
The CIBC Costco Mastercard is well-suited for frequent Costco shoppers and those who dine out regularly, thanks to its competitive cash back rewards and zero annual fee. This card may also appeal to consumers looking for a straightforward rewards program without the burden of an annual cost, making it a practical choice for budget-conscious individuals.