Canada · personal card · CIBC
CIBC Costco Mastercard review
Earn 3% cash back at restaurants and Costco gas, 2% at other gas stations, EV charging and Costco.ca, and 1% on everything else, with no cap.
Key facts
- Issuer
- CIBC
- Network
- Mastercard
- Annual fee
- $0 (Requires Costco membership)
- Foreign transaction fee
- 2.5%
- Minimum personal income
- $15,000
- Minimum household income
- Not stated
- Available in Quebec
- Yes
- Est. net value / yr
- $420 ($420 rewards − $0 fee)
Rewards
Earn 3% cash back at restaurants and Costco gas, 2% at other gas stations, EV charging and Costco.ca, and 1% on everything else, with no cap.
Earn rates the issuer states: base 1% · gas 3% · dining 3%. No limit on cash back earned; Costco membership required
Perks
CIBC Pace It installment rates on Costco purchases (5.99% for 6 months, 6.99% 12 months, 7.99% 24 months)
How we put this page together
Every figure here was read on CIBC’s own page on October 7, 2026; fields the page did not state are shown as “not stated” rather than estimated. The net value estimate uses the method on our Canada methodology. Card rules and your rights as a cardholder: FCAC. Note: Purchase/cash APR not shown in static HTML (page placeholder filled by script) so left null. FX fee not stated. Page covers Costco Mastercard and Costco World Mastercard; only the base card recorded. FX fee read on issuer document: https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/credit-cards/documents/cibc-creditcard-annual-interest-rate-fees-11995-en.pdf
Frequently asked questions
What is the annual fee on the CIBC Costco Mastercard?
$0 (Requires Costco membership), as read on CIBC’s website on October 7, 2026.
Is there a foreign transaction fee on the CIBC Costco Mastercard?
The issuer states a 2.5% foreign currency conversion fee.
What income do I need for the CIBC Costco Mastercard?
The issuer states a minimum personal income of $15,000.
More CIBC cards
Earns 1.5 Adapta points per $1 in your top three spend categories each month, 2 points per $1 on travel via CIBC by Expedia, and 1 point per $1 on everything else.
Earn: base 1 pts · travel 2 pts
- Annual fee
- $0
- Est. net value / yr
- $280
- Welcome offer
- Join and earn up to $200 in value; includes 3,000 Adapta points at $1,000 spend in first 4 statements and roadside assistance membership
- Foreign transaction fee
- 2.5%
Earns 1.5 Adapta points per $1 in your top three spend categories each month, 2 points on travel via CIBC by Expedia, and 1 point per $1 on everything else.
Earn: base 1 pts · travel 2 pts
- Annual fee
- $0
- Est. net value / yr
- $280
- Welcome offer
- Join and earn up to $280 in value with no annual fee
- Foreign transaction fee
- 2.5%
Earn 1 Aeroplan point per $1 on Air Canada, gas, EV charging, groceries and all other purchases; earn points twice at Aeroplan partners.
Earn: base 1 pts · groceries 1 pts · gas 1 pts · travel 1 pts
- Annual fee
- $0
- Est. net value / yr
- $642
- Welcome offer
- Up to 10,000 Aeroplan points: 2,500 on first purchase, 2,500 at $1,500 in 4 statements, 5,000 anniversary bonus at $10,000 in 12 statements
- Foreign transaction fee
- 2.5%
Earn 2 Aeroplan points per $1 on Air Canada and Hyatt, 1.5 on travel, transportation, dining, shipping, internet, cable and phone, and 1 on other purchases.
Earn: base 1 pts · dining 1.5 pts · travel 2 pts
- Annual fee
- $180 (First year rebated; additional cards $50 each (up to 9))
- Est. net value / yr
- $577
- Welcome offer
- Up to $2,600 in value including up to 75,000 Aeroplan points
- Purchase rate
- As low as 12.99%
- Foreign transaction fee
- 2.5%
Rates, fees and offers are shown as we read them on each issuer’s own website on the date shown, in Canadian dollars, and can change at any time. Confirm current terms with the issuer before applying. General information, not financial advice. Partner links, where they exist, never change the order. Affiliate disclosure. Card rules and consumer protections: Financial Consumer Agency of Canada.