Get rewarded with your Costco cash back gift certificate

You'll receive your gift certificate every January on your statement cycle date, with your paper statement or eStatement, depending on your statement preferences. To receive your gift certificate, your account must be open and in good standing as of December 31 of the previous year.^ⓘ 

You can also access your gift certificate through mobile or online banking once your January statement is issued.

Your cash back will reset on January 1 every year, so you can start earning for your next year's gift certificate. Your gift certificate will include cash back rewards earned from January 1 to December 31.

Note, your reset cash back balance will appear on mobile and online banking starting January 3.

Your gift certificate will include cash back earned for the entire 2022 calendar year. If your account was migrated from Capital One, the gift certificate will include cash back earned on your Capital One Costco Mastercard from January 1, 2022 to March 3, 2022, along with cash back you earned on your CIBC Costco Mastercard from March 4, 2022, to December 31, 2022.

Your cash back balance will appear each month on the first page of your credit card statement.

You can also track your current cash back balance through mobile or online banking. Follow these steps to track your cash back balance for the current year:

• Sign on to mobile or online banking
• On the “My accounts” page, select your CIBC Costco Mastercard
• Check your current cash back, which will be listed beneath your current balance

You can redeem your gift certificate in person, using either a paper or digital copy, at a Canadian Costco warehouse provided you are the primary account holder. Please remember to bring your CIBC Costco Mastercard or your Costco Membership card when redeeming your gift certificate.

No, this is not a legitimate text. Please do not select the link. There is currently a fraudulent text circulating asking Costco members to follow a link to redeem their Costco cash back.

Neither Costco nor CIBC would ever ask you to provide personal information through a text message. Never respond to suspicious communications or follow any suspicious links. Avoid providing any personal information over text or email.

For more information about Costco internet scams, visit Costco Fraud Prevention Opens in a new window..

Learn more about keeping your identify safe from fraud and theft

If you changed your CIBC Costco Mastercard to a different CIBC credit card, switched to a different billing cycle, or if your card was lost or stolen between December 31 and your January statement date, you may receive your gift certificate by mail in early February, separate from your statement.

No, your gift certificate only includes cash back for the transactions that were posted as of December 31. Any transactions that were pending close to or on December 31 will be included in your cash back for the next calendar year after the transaction is posted.

Your account must be open and in good standing, which means that it’s not past due, over the credit limit, or suspended and you must have an active Costco membership to be eligible for a cash back gift certificate. Eligibility is determined based on the status of your account and membership on December 31 each year.

Unfortunately, if your account was not in good standing on December 31, 2022, we won’t be able to issue a gift certificate to you in January 2023 and all accumulated cash back will be forfeited for 2022.

If you switched your CIBC Costco Mastercard to a different CIBC credit card before December 31, 2022, you forfeited the accumulated cash back for that year and you will not receive a gift certificate.

If you switched after December 31, 2022, you'll still receive the gift certificate for the previous calendar year as long as your account was in good standing as of December 31, 2022.  

No, you will not receive a gift certificate if your account was closed prior to December 31. Any cash back will be forfeited. 

If your Costco membership has expired or been cancelled, but your credit card is still open and in good standing as of December 31, you will receive your gift certificate. However, in order to redeem your gift certificate you will need to renew your membership with Costco.

Gift certificates issued by CIBC will not have any expiry date and can be accessed through mobile or online banking. Otherwise, there is no difference between CIBC gift certificates and the coupons previously issued by Capital One.

No. The Costco Executive reward program is exclusively for Costco Executive Members. Your gift certificate rewards are calculated separately.