The CIBC Costco Mastercard is a powerful tool for Costco members who want to maximize their rewards on everyday purchases. This card offers a unique blend of convenience and value, making it a top choice for savvy shoppers. With the ability to earn cash back on various spending categories, this card provides an easy way to save money while shopping at Costco and beyond.
Beyond the financial perks, the CIBC Costco Mastercard also offers a suite of benefits designed to enhance your overall shopping experience. From competitive cash interest rates to Mastercard’s robust protection features, this card ensures both value and security. Stay with us to discover how these features can transform your purchasing habits and elevate your shopping experience.
CIBC Costco MasterCard
Annual fee $0 3% cash backBenefits of the Card
- Earn 2% Cash Back on Eligible Gas Purchases: Enjoy major savings every time you fuel up! With the CIBC Costco Mastercard, you earn 2% cash back on eligible gas purchases at gas stations, helping you save at the pump. Whether you’re commuting or going on a road trip, this benefit makes every journey more affordable.
- Earn 3% Cash Back on Dining and Eligible Travel Purchases: Dining out and traveling just got more rewarding! This card lets you earn 3% cash back on eligible travel and dining purchases, including restaurants, takeout, and transportation. Your next adventure or dinner out can help you build up rewards faster!
- Earn 1% Cash Back on All Other Purchases: No matter where you shop, the CIBC Costco Mastercard offers 1% cash back on all other purchases. From groceries to household items, you’re rewarded with every swipe, making it easier to accumulate rewards without thinking twice.
- Reputable & Trusted Lender: CIBC, a well-established financial institution, ensures that cardholders receive reliable and top-notch service. With CIBC’s strong reputation, you can trust in the quality and reliability of the CIBC Costco Mastercard, offering peace of mind and valuable financial tools.
- No Annual Fee: With no annual fee, the CIBC Costco makes it easier to enjoy the benefits of a credit card without additional costs. This feature allows you to save more while earning rewards on your purchases, providing excellent value for both everyday and larger expenses.
- Cash Interest Rate: The card offers competitive cash interest rates, making it an attractive option for those looking to manage their finances efficiently. This feature ensures that you can benefit from favorable rates, helping you save money on interest charges.
- Mastercard’s Zero Liability Protection Policy : Enjoy peace of mind with Mastercard’s Zero Liability Protection. This policy safeguards you against unauthorized purchases, ensuring that your account remains secure. It’s an essential feature that protects your finances and personal information.
- Digital Disputes Platform: The Digital Disputes Platform offers a convenient way to address any discrepancies on your account. This platform allows you to quickly and efficiently resolve issues, ensuring that your account is accurate and secure.
- Exclusive Costco Member Benefits: Get even more out of your Costco membership with exclusive perks like special discounts, offers, and promotions available only to CIBC Costco Mastercard holders. Enjoy extra savings on Costco purchases, making every trip to Costco even more rewarding.
- Purchase Security & Extended Warranty Insurance: This card includes Purchase Security and Extended Warranty Insurance, providing coverage for eligible purchases. These protections help you save on potential repair or replacement costs, offering added value and peace of mind.
Qualification Requirements for CIBC Costco MasterCard
You must meet the following criterias to apply for this credit card:
- Must be at least 18 years old.
- Must have a valid Canadian address.
- Must have a Canadian credit file.
- Must have a valid Social Insurance Number (SIN).
- Must pass identity verification and credit checks.
- Must have a good credit score.
How to Apply for the CIBC Costco MasterCard
Applying for the CIBC Costco MasterCard is a simple and user-friendly process. Follow these steps to get started:
- Visit the CIBC Website
- Look for the CIBC Costco Mastercarc application page.
- Click on Apply Now.
- Complete the application form.
- Provide financial details.
- Upload any necessary documentation.
- Once you’ve submitted your application, sit tight and await approval.
- Once approved, your card will be on its way to you, ready to unlock a world of rewards and benefits!
Frequently Asked Questions (FAQs)
Can I use the CIBC Costco MasterCard outside of Costco?
Absolutely! This card is accepted wherever MasterCard is accepted, making it versatile for all types of purchases.
When do I receive my cashback rewards?
Your cashback is accumulated throughout the year and applied to your card balance annually.
Is there a limit to how much cashback I can earn?
No, there is no limit to the amount of cashback you can earn with the CIBC Costco MasterCard.
Can I add additional cardholders?
Yes, you can add family members as additional cardholders to accumulate rewards even faster.
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