CIBC Costco Mastercard
Join and earn a $100 Welcome Bonus!
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
You'll receive a $100 statement credit when $3,000 or more is spent within 120 days from the day your account was opened.
Eligibility Requirements
An active Costco membership is required to apply for either card.
✨Key Card Features
- 000 net annual card purchases in this category on your account. After that
- net card purchases at all gas merchants
- including Costco
- 000 net annual card purchases in this category on your account. After that
- net card purchases at Costco.ca will earn 1% in Cash Back Rewards. Purchases at merchants classified in the credit card network as restaurants will earn 3% and all other qualifying purchases will earn 1% in Cash Back Rewards. The $5
- 000 and $8
🏆Rewards Program
cash back
Earn rewards on every purchase with the cash back program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Minimum annual income of $15,000 is required to qualify for the CIBC Costco Mastercard.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want cash back rewards
- •Those who want rewards without paying an annual fee
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +No annual fee
- +Generous welcome bonus: Join and earn a $100 Welcome Bonus!
- +cash back rewards program
- +Free additional cards
Cons
- −High interest rate (20.75%)
🏆Our Verdict
The CIBC Costco Mastercard is an excellent choice for those seeking a no-annual-fee card with solid rewards. The welcome bonus adds immediate value. Ideal for everyday spending without the commitment of an annual fee.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the CIBC Costco Mastercard?
The CIBC Costco Mastercard has an annual fee of $0. No Annual Fee.
What are the interest rates for the CIBC Costco Mastercard?
The purchase interest rate is 20.75% and the cash advance rate is 22.49%.
Who can apply for the CIBC Costco Mastercard?
Minimum annual income of $15,000 is required to qualify for the CIBC Costco Mastercard.
What welcome bonus does the CIBC Costco Mastercard offer?
You'll receive a $100 statement credit when $3,000 or more is spent within 120 days from the day your account was opened.
Is the CIBC Costco Mastercard worth it?
The CIBC Costco Mastercard is a great no-annual-fee option. The welcome bonus of Join and earn a $100 Welcome Bonus! adds significant value. The cash back program offers flexibility for redemptions.
