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average rating is 4.3 out of 5

Store discounts

Loyalty rewards

Early sale access

About this card

The CIBC Costco® Mastercard® is tailored for Costco members in Canada, offering a no-annual-fee structure and competitive cash back rates in specific categories. While it provides notable benefits for dining and gas purchases, its rewards for in-warehouse Costco shopping are modest.


This card is a suitable option for Costco members who frequently dine out or purchase gas, offering higher cash back rates in these categories. However, for those primarily shopping in-store at Costco, other credit cards may provide more advantageous rewards.

CIBC Costco® Mastercard®

BMO VIPorter World Elite Mastercard

$199

/ per year

BMO VIPorter World Elite Mastercard
average rating is 4.3 out of 5

A travel rewards card for frequent flyers who want fast-track status, strong welcome bonuses, and easy redemptions with Porter and Air Transat.

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TD® Aeroplan® Visa Infinite Card

$139

/ per year

TD® Aeroplan® Visa Infinite Card
average rating is 4.5 out of 5

Perfect for Air Canada flyers, this card earns Aeroplan points on all purchases, with accelerated earning on Air Canada and travel-related expenses. Benefits include a free first checked bag and priority boarding on Air Canada flights.

View Details
American Express Cobalt® Card

$155.88

/ per year

American Express
Cobalt® Card
average rating is 5 out of 5

The American Express Cobalt® Card is a choice for Canadians who prioritize earning rewards on everyday spending, particularly in categories like dining, groceries, and streaming services. Its flexible Membership Rewards program and strong earn rates make it especially appealing to those who can maximize its benefits.

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    • Cash Back Rates:
      3% at restaurants and Costco gas stations
      2% at other gas stations, electric vehicle charging stations, and Costco.ca
      1% on all other purchases, including in-warehouse Costco purchases

    • Redemption: Annual cash back is issued as a Costco gift certificate each January, redeemable at Canadian Costco warehouses

    • Additional Perks:
      Mobile device insurance up to $1,000
      Purchase security and extended warranty protection
      Integration of Costco membership details on the back of the card
      Access to CIBC Pace It™ Installment Plans for eligible Costco purchases

    • Limited Rewards for In-Store Costco Purchases: Only 1% cash back is offered for in-warehouse Costco shopping, which is lower compared to other categories

    • Annual Cash Back Redemption: Cash back is provided once a year, potentially limiting immediate reward access

    • Foreign Transaction Fee: 2.5% fee applies to purchases made in foreign currencies

    • Membership Requirement: An active Costco membership is necessary to apply for and use the card


  • Currently, there are no introductory bonuses or promotional offers associated with this card.

    • Minimum personal income of $15,000

    • Suggested Credit Score: 660+

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