- 3%Cash back at restaurants and Costco gas
- 2%Cash back on Costco.ca and Costcobusinesscentre.ca purchases
- 1%Cash back on all other purchases
You'll receive a CA$100 statement credit when CA$3,000 or more is spent within 120 days from the day your account was opened.
Earn up to 3% cash back on eligible purchases where Mastercard is accepted.
What sets the CIBC Costco Mastercard apart is its strong cash back rewards structure, particularly for Costco members. With no annual fee and a straightforward cash back system, it appeals to those who frequently shop at Costco and want to maximize their savings.
Pros:
- No annual fee
- High cash back on Costco purchases
Cons:
- Requires Costco membership
- Cash back is received annually
The CIBC Costco Mastercard is best suited for Costco members who regularly shop at the warehouse and seek to capitalize on a robust cash back rewards program without incurring an annual fee. Its straightforward rewards structure makes it an attractive option for consumers looking to enhance their savings on everyday purchases.