What credit cards does Costco accept in Canada?

Costco Canada only accepts Mastercard for credit card payments in-store. Costco.ca accepts Mastercard and Visa online. Debit cards (Interac) are accepted in-store and online. American Express and Visa are not accepted for in-store purchases.

Is the CIBC Costco Mastercard worth it?

For frequent Costco shoppers, yes. The CIBC Costco Mastercard earns 3% on Costco and Costco.ca purchases, 3% on dining, 2% on gas and EV charging, and 1% everywhere else. There is no annual fee for Costco members, and cashback is paid as a Costco voucher. If you spend $500/mo at Costco, you earn $180/year in cashback.

Can I use Visa at Costco Canada?

No. Costco stores in Canada only accept Mastercard for credit card payments. Visa is not accepted at any Canadian Costco location. However, you can use Visa on Costco.ca for online purchases. In the US, Costco accepts Visa (not Mastercard).

Best Credit Cards for Costco in Canada in 2026

Best Credit Cards for Costco Shopping

Costco Canada only accepts Mastercard in-store. All cards below are Mastercards.

Card	Annual Fee	Costco Earn Rate	Other Earn Rates	Best For
CIBC Costco Mastercard	$0 (with membership)	3%	3% dining, 2% gas, 1% other	Costco members (best overall)
Rogers World Elite Mastercard	$0	1.5%	1.5% all purchases, 3% USD	Big spenders, simplicity
BMO CashBack Mastercard	$0	0.5%	3% groceries, 1% bills, 0.5% other	Groceries outside Costco
Tangerine World Mastercard	$0	2% (if selected)	2% on 3 categories, 0.5% other	Picking Costco as a category
MBNA Rewards World Elite Mastercard	$0	2 pts/$1	5 pts/$1 gas/groceries, 2 pts/$1 other	Points collectors
BMO World Elite Mastercard	$150	1.5% travel	5% travel, 2% dining, 1.5% other	Travel rewards
CIBC Aventura World Elite Mastercard	$149	1 pt/$1	3 pts/$1 travel, 2 pts/$1 transit/gas	Travel points at Costco

Cashback Comparison: $10,000/Year Costco Spending

Card	Costco Cashback	Other Spending ($20K at 1–1.5%)	Total Annual Rewards	Net After Fee
CIBC Costco Mastercard	$300	$200–$300	$500–$600	$500–$600
Rogers World Elite	$150	$300	$450	$450
Tangerine World (Costco selected)	$200	$100–$200	$300–$400	$300–$400
BMO CashBack	$50	$100–$200	$150–$250	$150–$250

CIBC Costco Mastercard Details

Feature	Details
Annual fee	$0 (requires Costco membership)
Cashback at Costco	3%
Cashback on dining	3%
Cashback on gas/EV	2%
Cashback everywhere else	1%
Cashback cap	$50,000 in purchases per category
How cashback is paid	Annual Costco voucher (February)
Insurance	Purchase protection, extended warranty
Minimum income	$60,000 personal or $100,000 household
Credit card network	Mastercard World
Limitation	Must be a Costco member ($65–$130/year)

Payment Methods Accepted at Costco Canada

Payment Method	In-Store	Costco.ca	Gas Bar
Mastercard (credit)	Yes	Yes	Yes
Visa (credit)	No	Yes	No
American Express	No	No	No
Debit (Interac)	Yes	Yes	Yes
Costco Shop Card	Yes	Yes	Yes
Cash	Yes	No	Yes
Apple Pay / Google Pay	No	Yes (online)	No

Tips for Maximizing Costco Rewards

Strategy	Details	Savings
Use CIBC Costco MC for all Costco purchases	3% back on everything in-store	$180–$360/year
Fill up at Costco gas bar	Gas is typically 5–10¢/L cheaper	$200–$400/year
Buy Costco gift cards for restaurants	Get 3% dining rate on gift card purchases	Stacks with Costco pricing
Executive membership	2% back on qualified purchases (up to $1,250)	$100–$500/year
Stack Executive + CIBC card	2% executive + 3% card = 5% effective	$400–$800/year

Frequently asked questions

What credit cards does Costco Canada accept? Costco Canada accepts only Mastercard, debit cards (Interac), and Costco Cash Cards in its warehouse stores and on Costco.ca. Visa and American Express are NOT accepted at Costco Canada. This is a key consideration — holders of premium Visa or Amex cards need a Mastercard option for Costco purchases.

Is the CIBC Costco Mastercard the best card for Costco shopping? For Costco members who will use the card for restaurant and everyday spending as well, the CIBC Costco Mastercard is compelling: 3% on restaurants/food delivery, 2% on Costco.ca, 1% elsewhere. Rewards pay as a Costco Cash Card redeemable in-store. For Costco shoppers who prefer flexible cash back or bank-transferable rewards, a card like the Tangerine Money-Back Mastercard or Rogers World Elite Mastercard may offer more redemption flexibility.

Can I use my Amex card at Costco Canada? No — American Express is not accepted at Costco Canada warehouses or online. Costco has an exclusive Mastercard agreement in Canada (CIBC Costco Mastercard). If you primarily use Amex for rewards, you’’ll need a Mastercard backup for Costco purchases.

Costco Canada payment methods accepted

Payment method	Accepted?
Mastercard	✅ (all Mastercards)
Interac debit	✅
Costco Cash Card	✅
Visa	❌
American Express	❌
Cash	❌ (most locations)

Costco Canada warehouses accept Mastercard exclusively among credit cards — a long-standing agreement. This is a key consideration when building your credit card strategy as a regular Costco shopper.

Top Mastercard options for Costco shopping

Card	Earn at Costco	Annual fee	Best for
CIBC Costco MC	2% on Costco.ca; 1% in-store	None	Costco loyalists
Tangerine Money-Back MC	2% in 2–3 chosen categories	None	Flexible earn
Rogers WE MC	1.5% everywhere	None (income req.)	Rogers customers
MBNA Rewards WE MC	5× at restaurants (2% elsewhere)	$120	Dining + Costco combo
PC Financial WE MC	30pts/$1 (~1.5–2%)	None	PC Optimum shoppers