Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Josh Bandura, Frugal FlyerWhile the CIBC Costco World Mastercard can be a good fit for a family who spends a large amount of money at Costco, it is worth considering other credit cards that may provide a more robust earning rate or bonus category options to ensure you are getting the most from your spending. Either way, alwa...
- Victor, Yore OysterThe CIBC Costco Mastercard is worth it. This credit card could help you more if you already have a Costco Wholesale membership. It has no annual fees. You can earn up to 3% cash back on restaurants and Costco gas purchases. You can also use the CIBC Pace It Installment Plans to break down your large...
- Barry Choi, Money We HaveHere’s the thing, if you already have a Capital One Costco Mastercard, you’ll automatically be converted over to the CIBC version. I don’t think any current cardholders will complain about the additional benefits. That said, I suspect some people will consider cancelling their cards as they only hel...
- Claire Horwood, FinderApply for the CIBC Costco Mastercard if you want to earn cashback and get a decent level of insurance for no annual fee. This card comes with purchase and warranty coverage, mobile device protection and a welcome offer. It also doubles as your Costco membership. Choose something else if you want a h...
- Caitlin Wood, LOANS CanadaIf you are currently a cardholder of the Capital One Costco credit card, you will automatically receive the new CIBC Mastercard in the mail before August 31, 2022. Because of this, it is worth it, especially if you make a lot of purchases at Costco. Furthermore, for members who like to take advantag...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.75% |
| Balance Transfer Interest Rate | 22.49% |
| Cash Advance Interest Rate | 22.49% |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee |
3% Maximum |
| Cash Advance Fee | $5.00 |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee |
$29.00 Fee not applicable to Quebec residents. |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus | No |
| Rewards | |
| All Purchases | 1% cash back |
| Restaurants | 3% cash back |
| Gas |
2% cash back 3% cash back on Costco Gas |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills | No |
| Additional Details |
|
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | No |
| No Foreign Transaction Fees | No |
| Emergency Assistance | Yes |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | No |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income |
$60,000 per year Or $100,000 household annual income |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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