✅ 3% cash back at restaurants and Costco gas stations
✅ 2% cash back at other gas stations and Costco.ca
✅ 1% cash back on all other purchases, including at Costco stores
✅ $0 annual fee and up to 3 free additional cardholders
Why our team recommends the CIBC Costco Mastercard?
The CIBC Costco Mastercard is an excellent option for frequent Costco shoppers looking to maximize savings. With up to 3% cash back on key categories like restaurants and fuel, this card turns everyday purchases into real rewards.
We also love that it doubles as your Costco membership card, making your wallet lighter and your shopping more efficient. There’s no annual fee, and the cash back is easy to redeem via an annual gift certificate.
Author’s opinion
What makes the CIBC Costco Mastercard stand out is its simplicity and solid return on everyday expenses. The 3% category for restaurants and gas is generous, especially for a no-annual-fee card. It’s also backed by CIBC’s robust digital tools, offering great control over your spending and cashback tracking.
In comparison to other CIBC cards, it’s a highly specialized option—while you won’t find travel perks or insurance-rich features, it’s built for value-seeking Costco members. The World Mastercard tier also unlocks extra perks if you qualify. It’s not the flashiest card—but it’s smart, consistent, and convenient.
Want to know more about the CIBC Costco Mastercard?
Click the button below to explore full card details, including interest rates, optional installment plans, and how to make the most of your cashback rewards.