Preloader Image 1 Preloader Image 2

Review of the CIBC Costco MasterCard

With no yearly fees to worry about, this card offers a smooth and rewarding experience where every purchase puts cashback benefits in your pocket.

Discover a realm of ease and financial savings by utilizing the CIBC Costco Mastercard Credit Card! Whether you’re treating yourself to an online shopping spree, filling up on groceries, or enjoying a nice meal, this card is your pass to earning cash back on every purchase. Imagine the excitement of seeing your cash back amount grow interest-free while you go about your everyday business.

The ease of use and versatility of the CIBC Costco Mastercard Credit Card make it unique. It’s designed for people who want to save as much money as possible without having to deal with convoluted point systems or bonus categories. Whether you’re an online shopper, a foodie expert, or a shrewd shopper, this card is designed to enhance your daily spending with worthwhile cash back benefits.

Getting Incentives

Using the CIBC Costco Mastercard to unlock rewards is like to customizing a suit to meet your distinct style. This card ensures that every swipe gets you a little something extra by showering you with excellent cash back rates on particular categories:

  • Making your monthly shopping excursions even more rewarding, you may earn 3% cash back on groceries, up to $500 every month.
  • 1% cash back on regular bill payments, up to $500 monthly, turning routine costs like utilities and subscriptions into cash back earning opportunities.
  • 0.5% for all other purchases, allowing you to add to your rewards account with each and every transaction—from dining out to shopping binges and beyond.

The brilliant rewards structure of the CIBC Costco Mastercard allows you to extract maximum value from your most frequent spending categories, making it an intelligent option for those who are eager to convert regular purchases into thrilling rewards.

Source: Google.

Redeeming Points:

Creating the itinerary of your dreams for your ideal vacation is just as easy and flexible when using the CIBC Costco Mastercard. Here’s how to convert your labor-intensive money back into real benefits:

  • Money transfer to a CIBC Chequing Account.
  • Make a deposit via Investorline.
  • Credit Statement.

With customizable redemption options catered to your tastes, you can choose between receiving a consistent monthly stream of rewards, a yearly windfall, or reaching a specific reward threshold before cashing in.

Benefits of the CIBC Costco Mastercard

Maximum rewards, no yearly charge

Enjoy the benefits of cashback rewards with the CIBC Costco Mastercard Credit Card without having to worry about burdensome annual fees. With no additional fees, you may save money on regular purchases by using this card to receive cash back. With no annual fee to worry about, it’s the ideal instrument to optimize savings on your purchases and ideal for people who value simplicity and value in a credit card.

Boost your savings with Shell.

Exclusive savings at Shell gas stations are available to CIBC Costco Mastercard Credit Card holders, with possible savings of up to 7 cents per liter. Whether you’re going on a road trip or your everyday commute, this exclusive discount will guarantee that you save money on fuel costs and still receive cash back on all of your purchases.

Drive with assurance and money saved.

With the CIBC Costco Mastercard, you can save even more on car rentals—up to 25% off when renting from National or Alamo. Whether you’re organizing a family holiday, a business trip, or an impromptu road trip, this exclusive advantage ensures substantial savings on rental costs, enabling you to maximize your travel budget.

Begin making significant money right away.

From the moment you make your first purchase, the CIBC Costco Mastercard Credit Card offers you a substantial 5% cash back on purchases made at pharmacies, grocery stores, gas stations, and dining establishments. Your regular spending becomes a source of savings and fulfillment with this instant payback benefit.

Open Amazing Low APR

With our exclusive promotional balance transfer offer, bid adieu to high-interest credit card debt. Take advantage of a generous 9-month period on balance transfers, with an extremely low interest rate of just 0.99% and a little 2% transfer fee. This is the ideal time to take charge of your money and consolidate your debt.

Get Zero Liability Fraud Protection Experienced

You may relax knowing that we put your financial security first. You may enjoy zero liability fraud protection with the CIBC Costco Mastercard, which is a crucial piece of mind in the modern digital environment. Smart Canadians must have it since it offers unmatched security at a reasonable price with our low annual charge.

All-Accessible

Concerned about minimum income requirements or credit scores? Do not be alarmed! The CIBC Costco Mastercard is intended for cashback aficionados of all hues and provides lucrative advantages to individuals with steady incomes and credit histories. Our card is designed to improve your spending experience, regardless of your level of experience with money management.

Requirements for Eligibility to Apply for CIBC Costco MasterCard

To apply for this credit card, you have to fulfill the following requirements:

  • Age requirement: 18 years or older.
  • A legitimate Canadian address is required.
  • A Canadian credit file is a requirement.
  • A valid Social Insurance Number (SIN) is required.
  • Must pass credit checks and identity verification.
  • Need to have a high credit rating.

How to Make a CIBC Costco MasterCard Application


The CIBC Costco MasterCard application process is easy to use and straightforward. To get started, take these actions:

1 – Go to the CIBC website.
2 – Locate the application page for CIBC Costco Mastercard.
3 – Select “Apply Now.”
4 – Fill out the application completely.
5 – Give specific financial information.
6 – Upload any required files.
7 – After submitting your application, patiently wait for its acceptance.

Your card will be sent to you after it has been approved, ready to be used to access a world of advantages and incentives!

Answers to Common Questions (FAQs)

Can I use the MasterCard from CIBC Costco outside of Costco?

Of course! This card can be used for a wide range of transactions because it is accepted everywhere MasterCard is accepted.

When will my cashback rewards be sent to me?

Every year, your cashback is added to your card balance after accruing during the year.

Is there a maximum amount of cashback that I can obtain?

No, the amount of cashback you can accrue with the CIBC Costco MasterCard is not limited.

Is it possible to add more cardholders?

Yes, you can add more cardholders from your family to expedite the rewards process.

Written By

23 years old, Canadian writer with years of experience in finance blogs.