$0
Annual fee
Last updated: July 8, 2025
The CIBC Costco Mastercard is an excellent card for those who primarily fill gas at Costco, as well as those who purchase from Costco online.
The information for the CIBC Costco Mastercard has been collected independently by Prince of Travel. The card details on this page have not been reviewed or provided by the card issuer.
Annual Fee
Free
Additional Card
Free
Without a welcome bonus or annual fee, this card is purely a long-term play for Costco members who shop and fuel there regularly – no upfront incentive, but no recurring cost to justify either.
| Category | Rate |
|---|---|
| Gas | 3% |
| Dining | 3% |
| Everything Else | 1% |
Max out the $5,000 gas cap at Costco stations for 3% back, then switch to a 2% card like Tangerine – and lean on the uncapped 3% dining rate year-round for outsized value from a no-fee product.
Card doubles as Costco membership
GeneralMobile device insurance up to $1,000
GeneralMobile device insurance covers damage, theft, and loss for phones and tablets purchased on the card – valuable if you travel with expensive electronics, though you'll need to charge your wireless bill to the card and expect deductibles on claims.
Underwritten by Belair Insurance Company Inc.
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | Not included | — |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car (CDW/LDW) | Not included | — |
| Purchase Protection | Included | 90-day coverage |
| Extended Warranty | +1 year | — |
| Mobile Device | Included | $1,000/claim |
View Certificate of Insurance (PDF)
Beyond mobile device coverage, insurance offerings are minimal – consider pairing this with a travel-focused card if you're venturing beyond quick US trips.
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Last updated: July 8, 2025
