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CIBC · Business

CIBC Costco Business Mastercard

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

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Key facts

Cash back: Restaurants
3%
Cash back: Gas at Costco
3%
Cash back: Costco.ca and Costcobusinesscentre.ca
2%
Cash back: Shipping and insurance services
2%
Cash back: Other gas stations and EV charging
2%
Cash back: Everything else, including Costco warehouses
1%
Annual fee
$0
Authorized users
$0, up to 9
Costco membership required
Yes
Rewards paid as
A yearly Costco cash back gift certificate, with your January statement
Minimum income
$15,000 individual a year
Welcome bonus
$100 when you spend $3,000 within 120 days (as of October 2026)
Foreign transaction fee
To confirm with CIBC
Insurance
Mobile device insurance, purchase security and extended warranty

Checked against CIBC’s card page on Oct 1, 2026. Card terms change; confirm before you apply.

Good fit if

  • Restaurants, offices and retailers that shop at Costco Business Centres
  • Businesses that fuel vehicles at Costco

Skip it if

  • Your business spends mostly on categories this card doesn’t reward
  • You need rewards paid as cash or statement credit rather than at Costco

Estimate your yearly cash back

Sample data
Restaurants
Gas at Costco
Costco.ca and Costcobusinesscentre.ca
Shipping and insurance services
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. CIBC states no limit on total cash back; check current terms before you apply.

Compare Costco credit cards

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How it compares with the other Costco cards

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.

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.

FAQ

CIBC Costco Business Mastercard: common questions

Who can get the Costco Business Mastercard?

Costco members with a minimum individual income of $15,000 a year. Confirm the business eligibility rules with CIBC when you apply.

Can I add employee cards?

Yes: up to 9 authorized users at no cost.

Does it work at Costco Business Centres?

Yes, it is a Mastercard, which Costco accepts at warehouses and Business Centres.

Costco card updates

Hear when Costco card terms or offers change.

CIBC, Costco and Mastercard are trademarks of their respective owners. Cost Check is independent and not affiliated with CIBC or Costco. We may earn a commission when you apply through our links; it never changes our assessment.