CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › all-credit-cards › costco › documents › summary-rates-and-fees-en.pdf pdf
CIBC Credit Card Summary of Annual Interest Rates and ...
Transaction date and no later than the Transaction posting date. You are charged the same conversion rate CIBC must · pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits. This fee is charged on currency conversion.
Reddit
reddit.com › r/costcocanada › costco mastercard fx rates are great for foreign travel apparently
r/CostcoCanada on Reddit: Costco Mastercard FX rates are great for foreign travel apparently
October 20, 2023 -
So, it seems CIBC Costco Mastercard foreign conversion rates including fees are at par with leading credit card that claims to have no FX transaction fees. It turns out that although Costco Mastercard doesn’t say they do not charge forex transaction fee, the FX rates are the same as Scotiabank Passport Visa Infinite Card. I have tested this in 3 countries, France, U.S. and India. Used same amounts on two cards at the same time. I am wondering how? Anyone had similar experiences?
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The Summary of Rates and Fees explicitly lays out how foreign transactions are charged. https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/credit-cards/all-credit-cards/costco/documents/summary-rates-and-fees-en.pdf Foreign currency Transactions (except CIBC Convenience Cheques) are converted to Canadian dollars on or after the Transaction date and no later than the Transaction posting date. You are charged the same conversion rate CIBC must pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits. This fee is charged on currency conversion. A foreign currency Convenience Cheque or payment is converted at CIBC’s branch selling rate for Canadian dollars in effect at the time it is processed by CIBC. To reiterate, CIBC charges you what the $CAD amount is after Mastercard converts it, then they tack on an additional 2.5% fee on top. So you're effectively paying 2.5% more than if you use a no-fx fee Mastercard, like Brim, HSBC, Wealthsimple Cash or EQ Bank Card. CIBC is not giving you any discount.
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That would be a major plus- what is the card that you have been comparing it against?
Milesopedia
milesopedia.com › home › cibc costco mastercard
CIBC Costco Mastercard | January 2026
CIBC Costco Mastercard
Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information about any information on any advertiser product, please visit their website. We receive compensation from some financial institutions ...
Is the CIBC Costco Mastercard worth it?
The CIBC Costco Mastercard has no annual fee and rewards you with up to 3% cash back on purchases. However, you’ll find that other credit cards offer better features and cash-back rewards than this card.
forbes.com
forbes.com › advisor › ca › credit-cards › reviews › cibc-costco-mastercard
CIBC Costco Mastercard Review: Limited Rewards and Minimal Benefits ...
What are the benefits of the CIBC Costco Mastercard?
The CIBC Costco Mastercard offers Costco members up to 3% cash back on purchases, which can be redeemed annually as a Costco gift certificate. This card’s other benefits and features include mobile device insurance, purchase security and extended warranty insurance.
forbes.com
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CIBC Costco Mastercard Review: Limited Rewards and Minimal Benefits ...
How do I redeem my CIBC Costco Mastercard cash back?
Your CIBC Costco Mastercard cash back will be issued once per year with your January statement. You can redeem your gift certificate in Canadian Costco warehouses by showing it on the CIBC Mobile Banking App or by printing it from CIBC Online Banking.
forbes.com
forbes.com › advisor › ca › credit-cards › reviews › cibc-costco-mastercard
CIBC Costco Mastercard Review: Limited Rewards and Minimal Benefits ...
CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › documents › form-business-credit-card-summary-of-annual-interest-rates-and-fees-13552-en.pdf pdf
13552-2025/08 Page 1 of 3
... Foreign currency Transactions ... charged the same conversion rate CIBC must · pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits....
CIBC
cibc.com › en › personal-banking › credit-cards › articles › foreign-currency-credit-card.html
Credit Card Foreign Currency Transaction Fees | Tips and Advice | CIBC
Likewise, if you make a transaction in a currency other than U.S. dollars on your CIBC U.S. dollar credit card, you’ll be charged a currency conversion fee, which is included in the final converted amount. The amount of the foreign currency conversion fee you’ll be charged on foreign currency transactions can be found in the CIBC Credit Card Summary of Annual Interest Rates and Fees, provided with your CIBC credit card welcome package.
CIBC
cibc.com › en › personal-banking › credit-cards › all-credit-cards › costco-mastercard.html
Apply for the CIBC Costco Mastercard | CIBC
You may qualify for the CIBC Costco World Mastercard, which has the same fees and rates, but also includes experiences available only to World Mastercard cardholders Opens in a new window..
CreditCardGenius
creditcardgenius.ca › news › cibc-costco-mastercard-details
New Details On What The CIBC Costco Mastercard Is ...
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MoneySense
moneysense.ca › home › articles › cibc costco mastercard review: is it the best credit card for costco in canada?
CIBC Costco Mastercard review: Is it the best credit card for Costco in Canada? - MoneySense
September 4, 2025 - A foreign transaction fee of 2.5% applies to any purchase in a foreign currency. The fee is charged by CIBC, not Costco. To save on this cost, you could have a no foreign transaction fee credit card in addition to your Costco credit card.
Forbes Advisor
forbes.com › advisor › ca › credit-cards › reviews › cibc-costco-mastercard
CIBC Costco Mastercard Review: Limited Rewards and Minimal Benefits for Costco Members
2 weeks ago - Foreign Transaction Fee: 2.5% Annual Fee: $0 (primary and secondary cardholder; requires a Costco membership) Any Other Fees: N/A · The CIBC Costco Mastercard competes with other store credit cards and cash-back credit cards with no annual fee.
The Globe and Mail
theglobeandmail.com › investing › markets › stocks › COST-Q › pressreleases › 15311346 › 5-little-known-perks-of-the-costco-credit-card
5 Little-Known Perks of the Costco Credit Card - The Globe and Mail
For frequent travelers, this extra fee adds up. That's why it's nice that the Costco credit card doesn't charge a foreign transaction fee.
Savvy New Canadians
savvynewcanadians.com › home › credit cards › cibc costco mastercard review
CIBC Costco Mastercard Review - Savvy New Canadians
December 5, 2021 - When you use the CIBC Costco Mastercard to pay for your purchase, special installment rates are available as follows: ... You can send money internationally using your card via CIBC Global Money Transfer. There are no transaction fees, and you ...
Spring Financial
springfinancial.ca › home › the best canadian no foreign transaction fee credit cards 2025
The Best Canadian No Foreign Transaction Fee Credit Cards 2025 - Spring Financial
May 23, 2025 - The rate on this card is a purchase interest rate of 20.99%, a cash advance rate of 22.99%, and an annual fee of $139. You will have to pay foreign transaction fees, which range from 1%-3%. ... The CIBC Costco Mastercard is a card that’s ...
Costco
costco.ca › home › cibc costco mastercard
CIBC Costco Mastercard
3 To apply for a CIBC Costco Mastercard you must be a Costco member with a valid Costco membership. This applies to the Primary Cardholder and any Authorized Users. Authorized Users must have a valid Costco membership prior to being added to the account. 4 Interest rates will change from time to time on at least 30 days prior notice to the Primary Cardholder. “Purchase” means card purchases less returns and does not include: cash advances, interest, fees, balance transfers, payments, or CIBC Convenience Cheques.
Exiap
exiap.ca › home › guides › cibc cards foreign transaction fees & alternatives for travel
CIBC Cards Foreign Transaction Fees & Alternatives for Travel - Exiap
March 19, 2025 - And if you use a CIBC credit card, the amount added to your bill will usually include a 2.5% foreign transaction fee. Yes. CIBC issues both debit and credit cards which can be used internationally conveniently. You can get CIBC cards on either the Visa or Mastercard network, depending on the ...
The Motley Fool
fool.ca › home › personal finance › 5 perks that could make the new cibc costco mastercard better than the last
5 Perks That Could Make the New CIBC Costco Mastercard Better Than the Last | The Motley Fool Canada
October 28, 2021 - But if CIBC wanted to really up its game, it would waive the fee for foreign purchases made in American Costco stores. After all, don’t you want to encourage us to shop at Costco, even when we’re in the States?
CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › all-credit-cards › costco › documents › cibc-costco-benefit-guide-en.pdf pdf
Welcome to your CIBC Costco Mastercard®
5. Participation in the Program is restricted to Canadian Cardholders who are also Costco members. ... 6. Each $1.00 CAD in net Card purchases earns the amount of Cash Back Rewards disclosed by CIBC from time to time. Cents do not earn Cash Back Rewards. Cash Back Rewards will be rounded to ...
Reddit
reddit.com › r/costcocanada › using cibc costco card at a costco in us
r/CostcoCanada on Reddit: Using CIBC Costco card at a Costco in US
March 31, 2024 -
I am planning a road trip into the US, and plan to stop at a Costco for gas and a few items. I have a CIBC Costco MasterCard. Would it be better to use my CIBC Costco MC when at a Costco in the US, or a Visa that I have that doesn't charge a FX fee? Would I still get cash back on my Costo MC when using at a US Costco?
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I have used my Costco MC many times at Costco in the US. It works nearly all the time if you insert it, it may not work when tapped. Costco US staff may not be aware that the card is accepted and if they see the MC logo they may try to stop you from using it. But the system is configured to accept it. If you have a no-FX Visa, you are probably still better off using that as any cashback on the MC won't offset the 2.5% forex fee. In that case, still no issue using your Costco MC as your membership. Another good option is to buy Costco Cash cards in Canada and then use them in the US. The exchange rate will be similar to a no-FX credit card.
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Also when using a Canadian credit card in the USA some gas stations and payment terminals will ask for a postal code. Enter 5 zeroes as we can’t enter the cdn postal code.
CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › all-credit-cards › costco › documents › cibc-costco-ins-cert-en.pdf pdf
CIBC Costco Mastercard® or CIBC Costco World Mastercard®
costs or fees. The purchase price also includes any charges paid for through the redemption of cash back earned · under the card Cash Back Rewards Program or the Costco Executive Rewards Program.
Citi
citi.com › credit cards › costco anywhere visa card
Costco Anywhere Visa Card by Citi — Citi.com
No. The Costco Anywhere Visa® Card by Citi does not have foreign transaction fees on purchases1 - allowing you to make the most of your credit card when traveling abroad.
Citi
citi.com › credit cards › credit knowledge center › understanding credit cards › does the costco anywhere visa® card charge foreign transaction fees?
Does the Costco Anywhere Visa® Card Charge Foreign Transaction Fees? | Citi.com
March 28, 2025 - A foreign transaction fee is an amount that some credit card issuers charge on purchases made abroad. For example, some credit cards may charge a 3% foreign transaction fee for purchases made in a foreign currency.