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Costco credit cards · Canada

Best credit cards for Costco in Canada

Which credit card can you use at Costco? Canadian warehouses take Mastercard as their only credit card, and the Costco card itself is the CIBC Costco Mastercard: no annual fee, and it doubles as your membership card. Here’s how the three Costco Mastercards compare, and when a different Mastercard earns you more.

The Costco cards

Three Costco Mastercards, three different members

Personal

CIBC Costco Mastercard

The standard Costco credit card in Canada: no annual fee, cash back paid once a year as a Costco gift certificate.

Full details

Personal (higher income)

CIBC Costco World Mastercard

The same no-fee Costco card and cash back, with World Mastercard benefits for members who meet the income requirement.

Full details

Business

CIBC Costco Business Mastercard

The no-fee Costco card for businesses, with 2% on Costco online orders, shipping and insurance services.

Full details

Side by side

Compare the Costco Mastercards

Comparison of the three CIBC Costco Mastercards
FeatureMastercardWorld MastercardBusiness Mastercard
Cash back: Restaurants3%3%3%
Cash back: Gas at Costco3%3%3%
Cash back: Costco.ca2%2%2%
Cash back: Other gas stations and EV charging2%2%2%
Cash back: Everything else, including Costco warehouses1%1%1%
Cash back: Shipping and insurance servicesn/an/a2%
Annual fee$0$0$0
Minimum income$15,000 a year$50,000 individual or $80,000 household a year$15,000 individual a year
Foreign transaction fee2.5%2.5%2.5%
Who it’s forPersonalPersonal (higher income)Business

Checked against CIBC's card pages on Oct 4, 2026. No limit on total cash back; category caps apply (see each card). Business: Costco.ca and Costcobusinesscentre.ca.

Beyond the Costco cards

When a different Mastercard earns more

The Costco cards shine on Costco gas and restaurants. If most of your spending is elsewhere, one of these can come out ahead.

Flat-rate cash back Mastercard

Best for: Big one-off purchases and spending outside Costco

Check annual fees and whether the rate is capped.

Grocery-rewards Mastercard

Best for: Households whose Costco run is mostly groceries

Costco is usually coded as a warehouse, not a grocery store, so bonus rates may not apply.

Travel-points Mastercard

Best for: Members who book Costco Travel or fly often

Points value depends on how you redeem; compare in cents per point.

Head to head

Compare the Costco card with other cards

Each guide runs the same sample household through both cards, so the numbers line up.
MBNA Rewards World EliteThe strongest pairing we modelled, if you meet the income requirement.Read the comparison Triangle (Canadian Tire)World Elite is a top free partner; it excludes Costco from groceries.Read the comparison BMO CashBack3% on supermarket groceries, but a weak 0.5% at Costco.Read the comparison Tangerine Money-BackFree 2% categories you pick around Costco.Read the comparison CIBC Dividend Visa Infinite4% on groceries and gas, but a Visa Costco won’t take.Read the comparison PC World EliteBest at Loblaw stores and Shoppers, 1% at Costco.Read the comparison Rogers Red World Elite1.5% to 2% in the warehouse, but not at U.S. Costcos.Read the comparison Amazon.ca Rewards2.5% at Amazon.ca with Prime; use it there only.Read the comparison Walmart Rewards World3% at Walmart; Walmart Reward Dollars only.Read the comparison No foreign transaction fee cardsFor U.S. Costco runs and travel.Read the comparison The U.S. Costco Visa (Citi)Why Canadians can’t use it, and what to carry instead.Read the comparison Costco World vs standard MastercardSame cash back; the World card adds a few perks.Read the comparison

Card guides by situation

Estimate your yearly cash back

Sample data
Restaurants
Gas at Costco
Costco.ca
Other gas stations and EV charging
Everything else, including Costco warehouses

Estimated cash back per year

$258.00

Rates are CIBC’s published rates and are editable, as is the spending. Includes CIBC’s yearly category caps (spending above a cap earns 1%); there’s no limit on total cash back. Check current terms before you apply.

See the CIBC Costco Mastercard

What cards does Costco accept?

In Canadian warehouses: Mastercard credit cards and debit. Visa and American Express credit cards aren’t accepted in warehouses, so a Visa-only wallet means paying by debit.

How we compare cards

We model a typical Costco household’s spending, apply each card’s earn rates and caps, and subtract fees. Rankings are never paid for; if we earn a commission from an application, it doesn’t change the order.

FAQ

Costco credit card questions

What is the Costco card in Canada?

Costco's credit card in Canada is the CIBC Costco Mastercard, issued by CIBC. It has no annual fee and doubles as your Costco membership card. There's also a World version and a Business version.

Can you get a credit card from Costco?

Not directly: you apply to CIBC for the CIBC Costco Mastercard. You need an active Costco membership and at least $15,000 a year in income, and CIBC says applying takes about 5 minutes.

Does Costco have a charge card or store card?

No. The Costco card is a regular Mastercard credit card you can use anywhere Mastercard is taken. The Costco Shop Card is different: a card you load with $50 to $2,000 to spend at Costco, with no expiry date.

What credit cards does Costco accept in Canada?

Costco warehouses in Canada accept Mastercard credit cards, plus debit. Visa and American Express credit cards are not accepted in warehouses. Check Costco.ca for online payment options.

What is the best credit card for Costco in Canada?

For most members who buy gas at Costco, a CIBC Costco Mastercard is the simplest choice. If most of your spending happens elsewhere, a strong flat-rate cash back Mastercard can earn more overall.

Should I get the CIBC Costco Mastercard or the World Mastercard?

If you qualify and travel regularly, the World tier adds travel benefits. If not, the standard card is usually enough. Compare them in the table above.

Is there a Costco credit card for businesses?

Yes, the CIBC Costco Business Mastercard is for Costco business members.

Card picks

Get our Costco card rankings when they’re published.

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