Product Details
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APR for Balance Transfers
APR
Required documents
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Exclusively for Costco members, Canadian Imperial Bank of Commerce (CIBC) offers a CIBC Costco Mastercard credit card. With a Costco membership, you can buy brand-name merchandise at low warehouse prices, and with CIBC Costco Mastercard, you can save even more at Costco. When paying for your purchases with CIBC Costco Mastercard, you can earn up to 3% cash back and redeem it further at any Canadian Costco warehouse. Using CIBC Pace It Installment Plans to pay for your Costco purchases may give you an interest rate as low as 5.99% for a 6-month plan.
Key Features
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Cash Back Rewards. Cardholders can earn cash back on eligible purchases, including Costco purchases, gas stations, restaurants, and grocery stores. This cash back can be redeemed as a cash back gift certificate or applied towards their Costco credit card statement.
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Insurance Coverage. The CIBC Costco Mastercard provides comprehensive insurance coverage, including extended warranty insurance, mobile device insurance, baggage insurance, and repair or replacement coverage. This coverage offers added protection for purchases and travel-related expenses.
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Convenient Banking Services. Cardholders can manage their CIBC Costco Mastercard account conveniently through CIBC online banking and the CIBC mobile banking app. These platforms allow users to monitor transactions, view statements, and make payments easily from their mobile devices.
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Flexible Payment Options. The CIBC Costco Mastercard offers various payment options, including online payments, pre-authorized payments, and minimum payment reminders. These options ensure that cardholders can manage their credit card account effectively and avoid missing payments.
Pros and Cons
Pros
Cons
How to Apply for a CIBC Costco Mastercard Card
Infographic
Eligibility Requirements
Reasons You May Be Denied a CIBC Costco Mastercard Card
How to Pay Off My CIBC Costco Mastercard Card Debt
Editorial Opinion
The CIBC Costco Mastercard is a co-branded credit card designed exclusively for Costco members, offering compelling benefits and rewards tailored to frequent Costco shoppers. Cardholders earn cash back rewards on purchases made at Costco and elsewhere: they earn higher rewards on eligible gas purchases, restaurant dining, and travel, making it advantageous for everyday spending and travel. Additionally, the card features no annual fee for Costco members and provides valuable perks like extended warranty coverage and purchase protection. The CIBC Costco Mastercard appeals to Costco members seeking to maximize savings and benefits on their Costco purchases, making it a practical choice for those who frequent the warehouse for groceries, household items, and more.
