If you’re looking for a good credit card with no annual fee and that can offer more benefits when making your purchases, the CIBC Costco Mastercard is the right choice to make. 

Offered by a renowned institution and with conveniences that will please a wide range of audiences, the card is the right choice for those who need to travel and for those who want to have more advantages when shopping. 


Check out our article for more details on the CIBC Costco Mastercard and how you can get yours.

Why choose the CIBC Costco Mastercard?

There are several reasons to choose the CIBC Costco Mastercard. It’s a credit card full of benefits that will bring even more advantages to your daily life. 


Check out the main benefits that this credit card has to offer its customers:


The CIBC Costco Mastercard offers Costco members a 3% cashback on purchases at Costco restaurants and gas stations. 

This can save a lot of money for members who regularly shop at these establishments. The cashback is credited to the Costco member’s account at the end of each month.

The card also offers a 2% cashback on purchases at other gas stations and This can be useful for members who purchase gas or other items online at Costco.

Special Rates

CIBC Pace It innovative installment plans provide Costco members with the convenience of splitting their purchases over up to 24 months, benefiting them with special rates. 

This financial flexibility is particularly advantageous for members interested in acquiring bulky items at Costco, such as furniture or appliances.

By adopting CIBC Pace It installment plans, members have the opportunity to manage their finances more effectively, making the purchase of larger items affordable and convenient. 

This extended payment option reflects CIBC’s commitment to meeting the specific needs of its customers, providing them with financial solutions tailored to their lifestyle and shopping preferences at Costco.

Protection Policy

The CIBC Costco Mastercard provides an extensive range of insurance and protection benefits, covering various areas. 

This includes Purchase Protection Insurance, which safeguards members against damage or theft of items purchased with the card, ensuring a safer shopping experience.

Additionally, Price Protection Insurance allows members to receive a refund for the price difference if they find the same item at a lower price elsewhere within 60 days of purchase. 

For travel situations, the CIBC Costco Mastercard offers Trip Cancellation Insurance, covering non-refundable expenses in cases of trip cancellation or interruption for covered reasons.

Regarding travel safety, Travel Accident Insurance comes into play, ensuring coverage for medical costs and emergency travel expenses if a member has an accident during their trip.

Lastly, Baggage Insurance provides peace of mind by covering the costs of replacing lost or damaged luggage. 

These benefits solidify the CIBC Costco Mastercard as an advantageous choice for those seeking not only transaction convenience but also solid protection in various circumstances.


The CIBC Costco Mastercard offers a variety of insurance benefits, including:

  • Purchase Protection Insurance: protects members against damage or theft of items purchased with the card.
  • Price Protection Insurance: allows members to receive a refund for the price difference if they find an item cheaper elsewhere within 60 days of purchase.
  • Trip Cancellation Insurance: covers non-refundable travel expenses if a trip is canceled or interrupted for covered reasons.
  • Travel Accident Insurance: covers medical and emergency travel expenses if a member has an accident during a trip.
  • Baggage Insurance: covers the costs of replacing lost or damaged luggage.

Digital Tools

The CIBC Costco Mastercard stands out by offering its cardholders a variety of digital tools, providing convenience and practicality in its use.

The mobile app provides access to the account, allowing members to view balances, make payments, and monitor their transactions directly from their mobile devices. 

This makes financial management more accessible and agile.

In addition, the dedicated website provides cardholders with detailed information about the card, including benefits, terms, and conditions. 

This online platform facilitates comprehensive understanding of the card’s features, providing transparency and control.

To ensure effective support, the CIBC Costco Mastercard offers customer service channels, including phone, email, and live chat.

Gift Card Redemption

CIBC Costco Mastercard holders have the convenience of redeeming their cashback through Costco gift cards. 

These gift cards are versatile and can be used for purchases at Costco, covering everything from goods and services to meals. 

This redemption option offers members a practical and flexible way to make the most of the benefits accumulated through the card’s cashback program.

Learn More About CIBC

CIBC (Canadian Imperial Bank of Commerce) is a multinational bank headquartered in Toronto, Canada. It is the fourth-largest bank in Canada in terms of assets and the largest retail bank in Canada. 

CIBC offers a wide range of financial products and services, including banking accounts, loans, investments, insurance, and commercial services.

In this way, CIBC operates throughout Canada, with more than 1,200 branches. The bank also has operations in the United States, Europe, Latin America, and Asia.

CIBC has been awarded numerous prizes for its excellence in financial services. In 2023, CIBC was named Best Bank in Canada by Global Finance magazine.

Learn How to Apply for Your CIBC Costco Mastercard

Now that you’re familiar with the CIBC Costco Mastercard, find out how you can get yours easily. Follow the step-by-step instructions:

  • Visit the dedicated CIBC Costco Mastercard website.
  • Choose “Apply Now” to initiate the application process.
  • Click on “Let’s Go.”

From this point, you have two options to apply for your CIBC Costco Mastercard. 

You can either continue on the website or go to the Costco app and apply through it. In both cases, the process is the same:

  • Log in with your Costco username and password. Please note that the card is available only to Costco members.
  • Access the CIBC Costco Mastercard application form.
  • Fill in the requested personal information, documents, and contacts.
  • Provide income and work-related information.
  • Verify your details and submit the application for review.

At this point, all you have to do is wait for the credit analysis and the approval of your card. 

Then, you will receive it at your home in a very practical and simple manner, with the certainty that you will enjoy everything it has to offer.

So, visit the website now and request your CIBC Costco Mastercard. And check our page for more credit card options that are ideal for you.

Useful information

This content was produced in January 2024. In case of updates or changes to services and conditions, please contact the responsible bank.
Contact methods:

Tel: 1-888-947-7736
Quebec: 1-800-324-7542