CIBC Costco Mastercard

Benefits & Costco Cash Back Calculator
Review the benefits of the CIBC Costco Mastercard and calculate Costco Rewards cash back based on the monthly spend amounts you enter.
Last Updated 2022-06-19

The CIBC Costco® Mastercard® earns cash back that can be redeemed towards purchases made with Canadian Costco warehouses. It is the best option for anyone that shops at Costco gas or online at

If you're big on shopping in-store, you will not earn as much and will be better off with a flat-rate cash back credit card.

Card Details At-A-Glance

Issued By
Annual Fee
Foreign Transaction Fee

CIBC Costco Mastercard earning rates

The CIBC Costco Mastercard features the features the following bonus categories and earning rates:

3% Restaurants

The CIBC Costco Mastercard earns an unlimited 3% cash back at restaurants.

3% Costco Gas & 2% Other Gas Stations

The CIBC Costco Mastercard earns 3% cash back at Costco gas stations within Canada and 2% cash back at all other gas stations.

You'll earn at these rates on the first $5,000 in combined annual purchases made at gas stations and earn 1% on all gas station purchases once this cap is hit.


The CIBC Costco Mastercard earns 2% cash back on the first $8,000 in net purchases made at After the cap is hit, you'll earn 1% cash back for the remainder of the calendar year.

1% Everywhere Else

All other purchases made with the CIBC Costco Mastercard, including purchases made in-store at Costco, will earn 1% cash back.

CIBC Costco Mastercard benefits

The CIBC Costco Mastercard features the following card benefits:

CIBC Pace It Installment Plans

As a CIBC Costco Mastercard member, you'll be able to use CIBC Pace It Installment Plans on Costco purchases. You'll be able to take advantage of special Installment Plan interest rates with no installment fees on eligible Costco purchases in Canada and at

Purchase Protections & Insurance

The CIBC Costco Mastercard comes with the following purchase protections and insurance perks:

Costco Rewards cash back calculator

Input your monthly and yearly spend amounts into the CIBC Costco Mastercard cash back calculator to see how much you can earn. Compare the results side by side up to 2 credit cards to find out which cards are best for you.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

Loading Calculator...
If the calculator doesn't load after a few seconds, click here to re-load calculator.