Cash BackNo Annual FeeBusinessMastercard

CIBC Costco Business Mastercard

CIBC

2.9 / 5Rating

Business credit card for Costco Business members with strong cash back on wholesale purchases, restaurants, and gas.

The CIBC Costco Business Mastercard is a CIBC Mastercard card with no annual fee. It earns 3% cash back on Restaurants.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $0
Purchase interest rate: 20.99%
Cash advance rate: 21.99%
Earn rates: 3% cash back on Restaurants (Up to $8,000/year spend, then 1%); 3% cash back on Costco gas (Up to $8,000/year spend, then 1%); 2% cash back on Costcobusinesscentre.ca, Costco.ca, shipping, insurance, other gas, EV charging; 1% cash back on All other purchases
Welcome offer: None listed
Foreign transaction fee: 2.5%
Income requirement: No minimum listed

How this score is calculated

Formula

Net annual value(50%)4.3
Welcome bonus(15%)0.0
Foreign transaction fee(10%)2.5
Insurance & perks(15%)1.3
Purchase interest rate(10%)3.0

What are the fees and rates?

Verified 2026-10-09

Annual Fee

Additional card: $0

Purchase Interest Rate

20.99%

Cash advance: 21.99%

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The CIBC Costco Business Mastercard earns 3% cash back on Restaurants.

Restaurants

Up to $8,000/year spend, then 1%

3% cash back

Costco gas

Up to $8,000/year spend, then 1%

3% cash back

Costcobusinesscentre.ca, Costco.ca, shipping, insurance, other gas, EV charging

2% cash back

All other purchases

1% cash back

Pros

No annual fee beyond Costco Business membership
3% at Costco gas and restaurants
2% on business supplies from Costco
Good for small businesses buying wholesale

Cons

Requires Costco Business membership
Only 1% on general purchases
Cash back redeemed annually as a certificate

What perks are included?

No annual fee (Costco Business membership required)
3% at Costco gas and restaurants
2% on business centre and shipping
Accepted at Costco warehouses (Mastercard only)
Track and manage employee cards
CIBC Pace It installment payments

What insurance is included?

Purchase Security

Extended Warranty

Frequently asked questions

What is the annual fee on the CIBC Costco Business Mastercard?

The CIBC Costco Business Mastercard has no annual fee.

What rewards does the CIBC Costco Business Mastercard earn?

3% cash back on Restaurants (Up to $8,000/year spend, then 1%); 3% cash back on Costco gas (Up to $8,000/year spend, then 1%); 2% cash back on Costcobusinesscentre.ca, Costco.ca, shipping, insurance, other gas, EV charging; 1% cash back on All other purchases