Get even more cash back at Costco and everywhere else you shop with your new CIBC Costco® Mastercard®, starting on March 4, 2022

Earn even more cash back

We're excited to welcome you to CIBC. Your existing Costco Mastercard is changing to the new CIBC Costco Mastercard on March 4, 2022. Beginning then, start earning even more cash back wherever Mastercard is accepted, and have access to new mobile device insurance1, flexible installment payment options and more.

3%

cash back at restaurants and Costco gas2

2%

cash back at other gas stations and at Costco.ca Opens in a new window.2

1%

cash back on all other purchases including at Costco


Annual fee and interest rates3

$0 

for primary cardholder and authorized users

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for purchases

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for cash4

Discover your exciting new benefits

Get special rates with CIBC Pace ItTM,5 Installment Plans on Costco purchases

4.99%

for 6 months

5.99%

for 12 months

6.99%

for 24 months

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Pay anywhere, anytime with your phone

Make quick and secure purchases using Apple Pay®, Google Pay and Samsung Pay® when you add your new card to your mobile wallet.

Find a way to pay that suits you.

Get on-the-go access to your annual cash back gift certificate

Starting in January 2023, easily redeem your Costco cash back gift certificate digitally in Canadian Costco warehouses using the CIBC Mobile Banking® App. Or print your gift certificate through CIBC Online Banking® Opens in a new window..

 

Valuable insurance included with your card

Mobile Device Insurance1

Repair or replacement coverage up to $1,000 for your personal mobile device such as your cell phone, smartphone or tablet in the event of loss, theft or accidental damage (drops, cracks or spills) for up to two years following purchase.

Purchase Security and Extended Warranty Insurance1

Enjoy added security and protection on your purchases. Your CIBC Costco credit card comes with Purchase Security at no additional cost to you. Plus, with Extended Warranty Insurance, you can extend the period of the original manufacturer’s warranty up to one additional year on most purchases.

Carry fewer cards. Your physical credit card will continue to serve as your Costco membership card6.

Elevate your experience with the CIBC Costco®† World Mastercard®, featuring even more special offers Opens in a new window. .

What happens now for existing cardholders

You don't need to reapply for a new card nor wait for your physical CIBC Costco Mastercard to be delivered. You and any authorized users will start receiving these exciting CIBC benefits as of March 4, 2022. You'll get all the new CIBC perks when you use your existing Costco Mastercard while you wait to receive your new CIBC card in the mail before August 31, 2022.

In January 2022, Capital One will issue coupons by mail for cash back accumulated and posted between January 1, 2021, and December 31, 2021.

 Skip to frequently asked questions Skip to FAQ..

Next steps

  • Make payments to Capital One until March 3, 2022. After this date, you'll receive statements from CIBC and you can start making payments to us.
  • Ensure seamless online payments of your credit card bill by changing your payee information from Capital One to CIBC as of March 4, 2022. If you're enrolled in Capital One Auto Pay for pre-authorized debit for bill payments, this service will end on March 3, 2022.
  • Activate your CIBC Costco Mastercard as soon as you receive it by following the instructions on the sticker on your card.
  • Watch for your authorized users' cards to arrive along with yours. Your authorized users' cards will need to be activated before they can start to use their CIBC Costco Mastercard.

 

Access your helpful digital tools

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Register for CIBC Online Banking Opens in a new window. and download the CIBC Mobile Banking App beginning March 7, 2022 to view your balance and transactions, pay your credit card bill and register for security alerts7 and payment reminders.

You'll have access to CIBC eStatements through CIBC Online Banking. In order to receive your eStatement, don't forget to register for CIBC Online Banking Opens in a new window., starting March 7, 2022. If you currently receive paper statements, you'll continue to receive paper statements from CIBC. You'll be able to change to paperless once you enroll for CIBC Online Banking.

Once enrolled, update your alert preferences, such as minimum payment reminders, in CIBC Online Banking Opens in a new window..

Your CIBC Costco Mastercard questions answered

Looking for more information?

For questions about your new CIBC Costco Mastercard, call us at 1-866-308-4844 Opens your phone app..
For questions about your current Costco Mastercard, please visit capitalone.ca/costco Opens in a new window. or call the number on the back of your card.

Important information

CIBC will receive your account information from Capital One in order to transfer and maintain your account. CIBC will share personal information with Costco to establish, administer and maintain your CIBC Costco Mastercard or CIBC Costco World Mastercard and your Costco membership. CIBC will collect, use and share your personal information in accordance with the CIBC privacy policy, Your Privacy is Protected. The CIBC privacy policy is available at any banking centre or online Opens in a new window..

Stay up to date

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