Cash BackNo Annual FeeMastercard

CIBC Costco Mastercard

CIBC

The only credit card accepted at Costco Canada warehouses with excellent cash back on restaurants and gas. Requires active Costco membership.

The CIBC Costco 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; 3% cash back on Costco gas; 2% cash back on Other gas stations, EV charging, Costco.ca; 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 Mastercard earns 3% cash back on Restaurants.

Restaurants

3% cash back

Costco gas

3% cash back

Other gas stations, EV charging, Costco.ca

2% cash back

All other purchases

1% cash back

Pros

No annual fee beyond Costco membership
3% at restaurants is competitive
3% at Costco gas stations
One of the best cards for Costco shopping in Canada

Cons

Requires Costco membership ($65-$130/year)
Only 1% on general purchases
Cash back redeemed annually as a certificate

What perks are included?

No annual fee (Costco membership required)
3% at restaurants and Costco gas
2% at other gas stations and Costco.ca
Accepted at Costco warehouses (Mastercard only)
CIBC Pace It installment payments on Costco purchases

What insurance is included?

Purchase Security

Extended Warranty

Frequently asked questions

What is the annual fee on the CIBC Costco Mastercard?

The CIBC Costco Mastercard has no annual fee.

What rewards does the CIBC Costco Mastercard earn?

3% cash back on Restaurants; 3% cash back on Costco gas; 2% cash back on Other gas stations, EV charging, Costco.ca; 1% cash back on All other purchases