- 3%Cash back on restaurant purchases and Costco gas
- 1%Cash back on all other purchases
Earn CA$100 statement credit after spending CA$3,000 or more within 120 days of account opening.
Earn 3% cash back on restaurant purchases and Costco gas.
This card shines for its high cash back rates on restaurant and Costco gas purchases, making it a top choice for business owners who frequently shop at Costco. The lack of an annual fee with a Costco membership adds to its appeal, providing excellent value for regular Costco shoppers.
Pros:
- No annual fee with Costco membership
- High cash back on restaurant and gas purchases
Cons:
- Requires Costco membership
- Limited to Costco and restaurant purchases for higher rewards
The CIBC Costco Business Mastercard is well-suited for business owners who often shop at Costco and dine out, thanks to its competitive cash back rewards on restaurant and gas purchases. With no annual fee, it provides a cost-effective option for those looking to maximize their rewards while managing business expenses.