Independent ClearFin review · CIBC
Start with $30 statement credit welcome offer.
Current new-cardmember offer
Confirm with the issuer
🏪 Costco CardIts strongest published earn rate in our data is 3.0% on dining. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueHow to earn it
Offer ends 2026-09-20
New CIBC Costco Mastercard cardholders. Limited-time offer ending September 20, 2026.
Confirm final approval criteria and current rates directly with the issuer.
The CIBC Costco Mastercard is generally accessible to applicants with fair to good credit. The card has a relatively modest minimum income requirement of $15,000 and is positioned as an entry-level cashback card for Costco members.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. Estimated approval range only and not published by CIBC. Approval depends on multiple factors including income, credit history, existing debt obligations, payment history, recent credit inquiries, and overall credit profile.
Reward limits: The CIBC Costco Mastercard does not impose spending caps on its cashback earning categories. Cardholders earn unlimited cashback at the advertised rates on eligible purchases.
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Consider these extras by the value they add to purchases and experiences you already use.
Mobile Device Insurance
Provides up to $1,000 in repair or replacement coverage when the full purchase price of an eligible mobile device is charged to the card or financed with the card.
Purchase Security Insurance
Covers eligible purchases charged to the card if they are damaged, lost, or stolen within the coverage period.
Extended Warranty Insurance
Extends the original manufacturer’s warranty by up to one additional year on most eligible purchases charged to the card.
CIBC Pace It Installment Plans
Allows eligible Costco purchases to be converted into fixed monthly installment payments, with special Costco purchase rates advertised at 5.99% for 6 months, 6.99% for 12 months, and 7.99% for 24 months.
Costco Membership Card Integration
The credit card also functions as the cardholder’s Costco membership card, with membership details shown on the back.
Global Money Transfer Fee Waiver
Send money abroad to over 120 countries with a $0 transfer fee, no cash advance fee, and no interest if the balance is paid by the payment due date.
Skip+ Membership Offer
Eligible cardholders can link the card with Skip to receive a complimentary Skip+ membership and access delivery fee savings and voucher offers.
Disney+ Statement Credit Offer
Eligible cardholders can receive 50% back as statement credits for up to 6 months on a qualifying Disney+ Standard with Ads subscription.
Mastercard Zero Liability Protection
Protects cardholders from responsibility for unauthorized purchases processed through the Mastercard network, provided cardholder obligations are met.
Card Management and Alerts
Includes online card management, spend alerts, fraud alerts, card lock, activation, and lost or stolen card reporting through CIBC Online and Mobile Banking.
No included coverage is verified in ClearFin's current catalogue.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
3% at restaurants & Costco gas. 2% at other gas, EV & Costco.ca. 1% everything else incl in-warehouse Costco.
Dining receive the strongest estimated return at 3.0%. Purchases outside the accelerated categories earn an estimated 1.0%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on dining and gas and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
