Pros & Cons
Pros
- +Welcome Bonus: $100
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
- –No purchase protection
Our Review
The CIBC Costco Mastercard for Business is a business credit card with no annual fee (up to 9 authorized users) offering cash back:
- 3% at Costco – gas and restaurants;
- 2% on Costcobusinesscentre.ca, Costco.ca, shipping, insurance, other gas stations, and electric vehicle charging;
- 1% on all other purchases, including Costco.
No limit on cash back earned, an annual Costco cash back gift certificate, Skip+ membership, and insurance coverage (mobile devices, purchase protection, and extended warranty).
⚠️ Data to be confirmed on the CIBC website.
Fees and interest rates
- Annual Fee$0
- Foreign currency conversion fee2.5%
Terms & Conditions
Card Features
⚠️ Offer to be confirmed on the CIBC website (most recent data available). Get a $100 statement credit after spending $3,000 or more within 120 days of account opening.
The account must be approved, opened, and in good standing. The offer may be modified or withdrawn at any time.
Related Cards
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.