¹ For the CIBC Costco Mastercard, earn 3% on purchases (less returns) at merchants classified in the credit card network as Costco gas stations within Canada and 2% on purchases (less returns) at merchants classified in the credit card network as gas merchants and electric vehicle charging with a merchant category code of MCC 5552 on the first $5,000 net annual card purchases in this category on your account. After that, net card purchases at all gas merchants, including Costco, and electric vehicle charging with a merchant category code of MCC 5552 will earn 1% in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as Costco.ca purchases on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at Costco.ca will earn 1% in Cash Back Rewards. Purchases at merchants classified in the credit card network as restaurants will earn 3% and all other qualifying purchases will earn 1% in Cash Back Rewards. The $5,000 and $8,000 limit will reset to zero annually on January 1. Cash Back Rewards will be provided in the form of a Cash Back Gift Certificate issued in Canadian dollars to an eligible Primary Cardholder once per calendar year in January for the cash back earned in the prior calendar year. The Cash Back Gift Certificate can be redeemed for purchases at any Canadian Costco Wholesale warehouse location. Authorized Users on the Account are not issued and cannot redeem Cash Back Gift Certificates. For the full Rewards Program terms and conditions, please see the Benefits Guide (PDF, 1.2 MB).
² For the CIBC Costco Business Mastercard, earn 3% on purchases (less returns) at merchants classified in the credit card network as restaurants on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at all restaurants, will earn 1% in Cash Back Rewards. Earn 3% on purchases (less returns) at merchants classified in the credit card network as Costco gas stations within Canada and 2% on purchases (less returns) at merchants classified in the credit card network as gas merchant and electric vehicle charging with a merchant category code of MCC 5552 on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at all gas merchants, including Costco, and electric vehicle charging with a merchant category code of MCC 5552 will earn 1% in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as Costco.ca and Costcobusinesscentre.ca purchases on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at Costco.ca and Costcobusinesscentre.ca will earn 1% in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as shipping and professional services (this refers to eligible insurance premiums, deductibles and claim amounts) on the first $8,000 net annual card purchases in this category on your account. After that, net card purchases at merchants classified in the credit card network as shipping and professional services, will earn 1% in Cash Back Rewards. The $8,000 limits will reset to zero annually on January 1. Cash Back Rewards will be provided in the form of a Cash Back Gift Certificate issued in Canadian dollars to an eligible Primary Cardholder once per calendar year in January for the cash back earned in the prior calendar year. The Cash Back Gift Certificate can be redeemed for purchases at any Canadian Costco Wholesale warehouse location. Authorized Users on the Account are not issued and cannot redeem Cash Back Gift Certificates. For the full Rewards Program terms and conditions, please see the Benefits Guide (PDF, 795 KB).
³ To apply for a CIBC Costco Mastercard you must be a Costco member with a valid Costco membership. This applies to the Primary Cardholder and any Authorized Users. Authorized Users must have a valid Costco membership prior to being added to the account.

^‡ This offer is only for new Costco members or Costco memberships that have been expired for more than 18 months. Beginning January 13, 2025, you can qualify for this offer when you apply for and are approved for a new CIBC Costco Mastercard or CIBC Costco World Mastercard (each, an “Eligible Personal Card”), or a new CIBC Costco Business Mastercard (an “Eligible Business Card”), on the same day as your purchase of a new Costco Executive Membership. Eligible Personal Cards and Eligible Business Cards are all considered “Eligible Cards” for the purposes of this offer. Membership upgrades, or the purchase of a new Costco Executive Memberships by an existing Costco member, do not qualify for this offer.

You will receive a $65 statement credit after $65 in net purchases are posted to your new credit card account. The $65 in net purchases must be made within the first 120 days from when your new credit card account is opened. The following do not qualify as purchases for this offer: cash advances, CIBC Global Money Transfers™, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Please allow up to 6-8 weeks after the final qualifying purchase has posted to your new credit card account to receive the $65 statement credit. Your new credit card account must be open and in good standing at the time the statement credit is awarded and your Costco Membership must remain active.

Offer applies to newly approved Eligible Card accounts only. Product changes from an existing CIBC credit card to an Eligible Card are excluded from this offer. This offer does apply where you transfer from one Eligible Card to another Eligible Card (e.g. from a new CIBC Costco Mastercard to a new CIBC Costco World Mastercard) and all other terms and conditions are still met. Limit of one statement credit per Eligible Card. If you apply for and are approved for both an Eligible Personal Card and an Eligible Business Card on the same day as your purchase of a new Costco Executive Membership, you can receive one $65 statement credit per Eligible Card provided that all the terms and conditions are met in respect of each Eligible Card. This offer is not transferable and is not redeemable for cash. This offer may be withdrawn or changed without prior notice at any time. Any appearance of manipulation, abuse, or suspicious or fraudulent activity related to this offer, as determined by CIBC in its sole discretion, may result in this offer being revoked.

¹If an application for a CIBC Costco Business Card is submitted and approved, the Primary Cardholder will receive a $100 statement credit when $3,000 in net purchases are posted to the new credit card account within 120 days from the account open date. The following do not qualify as purchases for this offer: cash advances, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Please allow up to 6 to 8 weeks after the final qualifying purchase has been posted to your new credit card account to receive the $100 statement credit. Your new credit card account must be open, and in Good Standing at the time the statement credit is awarded and your Costco membership must be active. The Welcome Bonus is available only for newly opened CIBC Costco Business Mastercard accounts. Limit one Welcome Bonus per account. The Welcome Bonus is not transferable and is not redeemable for cash. This offer may be revoked if you appear to be manipulating or abusing it or are engaged in any suspicious or fraudulent activity, as determined by CIBC’s sole discretion.

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