Costco Canada is switching to the CIBC Costco Mastercard as their provider for credit cards. What is the best cash back Mastercard to use at Costco? The best cash back Mastercard to use at Costco is the Brim World Elite Mastercard , which offers up to 2% back on purchases. What is the best cash back credit card in Canada?
Since you can use any credit card at Costco that operates on the Visa network, you do not have to settle on the co-branded Costco credit cards , which offer 2% cash back on Costco purchases. The other cards reviewed below all meet or exceed the cash back amount of the Costco-branded cards, and the reward redemptions are not confined to Costco.
Will costco take credit cards?
Credit cards not accepted at Costco . Since Costco has a contract with Visa, shoppers can’t use credit cards backed by the other three main networks, American Express, Mastercard or Discover, at Costco warehouses. However, you’re able to pay with Mastercard and Discover cards for purchases made at Costco. Com and the Costco app.
In fact, Costco has a contract with Visa and only takes Visa cards. This means you cannot use Mastercard, Discover or American Express cards at Costco. If you don’t have a Visa card, you will have to pay by cash or check . This has been the case since June 2016, when Costco switched from only accepting American Express cards.
Moreover, can I use my Citi card at Costco?
Credit cards accepted at Costco When you shop at Costco, you can use the warehouse club’s co-branded card, the Costco Anywhere Visa® Card by Citi, as well as any other credit card backed by the Visa network. Here are some cards that can be used at Costco warehouses :.
One more query we ran across in our research was “What are the benefits of the Costco Anywhere Visa card?”.
This is what we ran into. most importantly, the Costco Anywhere Visa® Card by Citi enables you to earn rewards on items that may already be discounted heavily , as Costco offers great deals and the card gives 1 – 4% cash back on purchases. 4% cash back on the first $7,000 spent per year on eligible gas purchases and 1% cash back thereafter.
As of 2020, Visa is the only credit card that Costco accepts. If you don’t have a Visa, you can pay with cash, checks, debit cards/ATM, Electronic Benefit Transfer (EBT) or Costco Cash Cards. Costco’s change to Visa came as a surprise to many, since the retailer had a deal to accept only American Express cards since 1999.
What happens to my Costco MasterCard when I switch to CIBC?
There’s no immediate impact to your current Costco Mastercard. You can continue to use your card for purchases and as your Costco membership card. The 2021 cash back coupons will be mailed to eligible clients in January 2022. We’ll have more information about the transition to CIBC in the coming months.