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CIBC Costco Mastercard (Costco World Mastercard)
MASTERCARDCash back on everyday spending
CIBC Costco Mastercard (Costco World Mastercard)
7.2Canada Cards ScoreVery goodAnnual fee No feePurchase APR 21.75%Verified 2026-06-13
Why get this card
- ✓No annual fee
- ✓Earn 3% on restaurants and costco gas
Pros
- +No annual fee
- +Strong 3% earn on restaurants and costco gas
Cons
- -High 21.75% purchase interest rate
Earn rates
- restaurants and Costco gas3%
- other gas stations, EV charging stations, and Costco.ca2%
- all other purchases including at Costco1%
Welcome offer
No welcome offer captured.
Fees
- Annual fee
- No fee
- Additional card
- No fee
- Foreign transaction fee
- —
$0 annual fee; $0 for up to 3 additional cardholders
Interest rates
- Purchase APR
- 21.75%
- Cash advance APR
- 22.49%
- Balance transfer APR
- —
- Grace period
- —
- Rate effective date
- —
Benefits & insurance
- Lounge access
- —
- Insurance coverages
- 1
- purchase and travel insurance
Redemption & eligibility
- Reward currency
- Cash Back
- Redemption options
- annual cash back certificate redeemable at Costco warehouses
- Transfer partners
- —
- Min. personal income
- $50,000
- Min. household income
- $80,000
Minimum $50,000 individual annual income or $80,000 household annual income
How we scored it
7.2Very good- Everyday earn rateWeight 30
3% on restaurants and Costco gas
- Welcome valueWeight 25
No current welcome offer
- Annual-fee valueWeight 20
No annual fee
- Benefits depthWeight 15
1 insurance coverages
- Interest costWeight 10
21.75% purchase APR
Our editorial rating, computed only from sourced figures. See the full methodology.
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Learn before you apply
Frequently asked
- Is the CIBC Costco Mastercard (Costco World Mastercard) worth it?
- It carries a No fee annual fee. No annual fee. Compare it against similar cards below before deciding.
- What is the annual fee and interest rate on the CIBC Costco Mastercard (Costco World Mastercard)?
- The annual fee is No fee. The purchase interest rate is 21.75% and the cash advance rate is 22.49%. These are sourced from CIBC's official page.
- What rewards does the CIBC Costco Mastercard (Costco World Mastercard) earn?
- It earns up to 3% on restaurants and costco gas, in Cash Back. See the full earn-rate breakdown above.
- What income do I need for the CIBC Costco Mastercard (Costco World Mastercard)?
- CIBC lists a minimum personal income of $50,000 or household income of $80,000.
More ways to compare
Official sources
Every figure on this page comes from CIBC's own pages. Last checked 2026-06-13.
Cited, never sponsored
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