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CIBC · 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.

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Guides:Cash back reviewIs Executive worth it?Costco gas: 3% back

Key facts

Cash back: Restaurants
3%
Cash back: Gas at Costco
3%
Cash back: Costco.ca
2%
Cash back: Other gas stations and EV charging
2%
Cash back: Everything else, including Costco warehouses
1%
Annual fee
$0
Additional cardholders
$0, up to 3
Costco membership required
Yes
Rewards paid as
A yearly Costco cash back gift certificate, with your January statement
Minimum income
$50,000 individual or $80,000 household a year
Foreign transaction fee
To confirm with CIBC
Insurance
Mobile device insurance (up to $1,000), purchase security and extended warranty (up to 1 extra year)
Extra benefits
World Mastercard benefits

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

Good fit if

  • Members who meet the income requirement: same fee and cash back as the standard card, plus World Mastercard benefits

Skip it if

  • You don’t meet the $50,000 individual or $80,000 household income requirement: the standard card earns the same cash back

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. 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.

Business

CIBC Costco Business Mastercard

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

FAQ

CIBC Costco World Mastercard: common questions

How is it different from the standard CIBC Costco Mastercard?

CIBC says it has the same fees and rates. The difference is the income requirement ($50,000 individual or $80,000 household) and access to World Mastercard benefits.

Are the earn rates the same?

Yes: 3% at restaurants and Costco gas, 2% at Costco.ca and other gas stations and EV charging, and 1% on everything else.

Can I switch from the standard card?

Ask CIBC. Product switches are usually possible if you meet the requirements.

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.