CIBC

CIBC Costco Mastercard

MastercardCashback

Compare

on CIBC's website

Annual Fee

Welcome Bonus

—

Bonus Value

—

Estimated value

1st Year Value

$350

✓

Pros

✓Up to 3x on Gas
✓Purchase protection included
✓No annual fee

✗

Cons

✗Foreign Transaction Fee (2.5%)

Our Review

Rewards

All Spending

Cashback pts per dollar

Gas

Restaurants

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Gas3x

$300/month

Restaurants3x

$160/month

Groceries1x

$400/month

Recurring1x

$300/month

All other spending1x

$700/month

Points Earned

33,360

Cashback/yr

Estimated Value

$334

After Fees

+$334

1st Year Value

$334

incl. welcome bonus

Annual rewards breakdown

Gas$3,600/yr × 3x

10,800 pts

Restaurants$1,920/yr × 3x

5,760 pts

Groceries$4,800/yr × 1x

4,800 pts

Recurring$3,600/yr × 1x

3,600 pts

All other spending$8,400/yr × 1x

8,400 pts

Total annual spend$22,320

Monthly spend$1,860

Average earn rate1.49x

Total points earned33,360 pts

Purchase Protection

✓

Purchase Protection

Included

✓

Extended Warranty

+1 year(s)

✓

Mobile Device

Up to $1,000

Interest Rates

Purchase Rate

21.75%

Cash Advance

22.49%

Foreign Transaction Fee

2.5%

Terms & Conditions

Card Features

3% cash back on restaurant purchases
3% cash back on gas purchases at Costco and 2% cash back at other gas stations (for the first $5,000 in net annual purchases. Beyond this limit, you will earn 1% cash back)
2% cash back at Costco.ca (on the first $8,000 net annual card purchases. Beyond that, you’ll earn 1% cash back)
1% cash back on all other purchases, including those made at Costco

The $5,000 and $8,000 limit will reset to zero annually on January 1.

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 CIBC. All trademarks are property of their respective owners.

Terms & Conditions

Card Features

3% cash back on restaurant purchases
3% cash back on gas purchases at Costco and 2% cash back at other gas stations (for the first $5,000 in net annual purchases. Beyond this limit, you will earn 1% cash back)
2% cash back at Costco.ca (on the first $8,000 net annual card purchases. Beyond that, you’ll earn 1% cash back)
1% cash back on all other purchases, including those made at Costco

The $5,000 and $8,000 limit will reset to zero annually on January 1.