Pros & cons
Pros
- Up to 3% cash back on purchases.
- No annual fee.
Cons
- Only available for Costco members.
- Only includes 3 types of insurance.
- No special earn rate at Costco warehouses.
Your rewards
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With CIBC Costco World Mastercard, here's how you earn rewards:
- 3% cash back on restaurants and Costco gas
- 2% cash back at other gas stations, EV charging , and at Costco.ca
- 1% cash back on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For CIBC Costco World Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Costco Gift Certificate | $226 |
Calculating your annual rewards
$24,000 annual spending x 1.33% return on spending = $318 annual rewards
$318 annual rewards − $0.00 annual fee = $318 net annual rewards
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- $50,000
- Household Income
- $80,000
- Annual Fee
- $0.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 21.75%
- Cash Advance Δ
- 22.49%
- Balance Transfer Δ
- 22.49%
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Mobile Device
- $1,000
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
CIBC Costco World Mastercard's 4.3 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
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GC: $175
Key benefits
User review
Reviewed by 1 Canadian
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great for Costco gas, restaurants ( 3%) and other gas stations ( 2%)...as far as inhouse Costco warehouses, Tangerine MC gives 2% in 3 selected categories eg: groceries, etc.....client has a variety of selections to choose from...actual dollars deposited to savings account monthly...do not have to wait for one year...from now on, gas and restaurants only on Costco MC....I still love Costco
