CIBC Costco Mastercard vs World Mastercard: What’s the Difference

The main difference between the CIBC Costco Mastercard and the CIBC Costco World Mastercard is that the World Mastercard provides you with additional benefits provided by Mastercard.

The World and World Elite Mastercard program offers a comprehensive suite of benefits, catering to the needs of discerning cardholders with a focus on travel, security, and convenience:

  • Travel Rewards: Cardholders enjoy cash rewards and exclusive online offers through the Mastercard Travel Rewards program. This includes easy earning of cash rewards on purchases made with eligible Mastercard’s, automatic addition of savings to statements, and access to a shopping portal with additional savings opportunities.
  • Mastercard Travel Pass provided by DragonPass: Access 1,300+ airport lounges around the world.
  • Boingo Wi-Fi: Complimentary access to over 1 million premium WiFi hotspots around the world.
  • Extended Warranty: When you use your eligible Mastercard to make a purchase, the card extends the warranty of the original manufacturer or store brand, providing additional coverage beyond the standard warranty period.*
  • Purchase Protection: Most items bought with an eligible Mastercard are covered in case of damage or theft, usually within a 90-day period following the purchase. This offers added security for your new purchases.*
  • Car Rental Insurance: This benefit covers physical damage and theft of a rental vehicle when the rental is paid for with an eligible Mastercard. However, it’s important to note that this insurance is not available with all World products.*
  • Mastercard Global Service: Offers emergency assistance worldwide, including card replacement and cash advance services.

A full list of benefits is available on the

Besides the Mastercard World benefits, both the CIBC Costco Mastercard and the CIBC Costco World Mastercard have the same offering to customers, highlighted below.

How to Get the CIBC Costco World Mastercard

There is no specific way to get the World version of the card.

Mastercard has standard income requirements for the World version pf various co-branded cards they offer.

If you have a minimum personal income of $60,000 or a household income of $100,000, chances are you’ll automatically get the complimentary upgrade to the World version of the CIBC Costco Mastercard.

CIBC Costco® Mastercard®

key highlights

The CIBC Costco Mastercard stands out as a versatile credit card option, particularly for Costco members, offering a blend of rewards, insurance benefits, and convenient features. Offering a 1% cash back on all purchases with no spend cap, as well as 2-3% on certain categories with spend limits.

Annual Fee $0
APR Purchases 20.75%
APR Cash Advances 22.49%
Minimum Income $15,000


Here’s how much you can earn on your spending:

  • 3% Cash Back: Earned at restaurants and Costco gas.
  • 2% Cash Back: Available at other gas stations and
  • 1% Cash Back: On all other purchases, including Costco.
  • Annual Spend Cap: Post reaching a category spend limit, earn 1% for the rest of the year.
Additional Info

Additional Cardholder Fee: $0

  • Mobile Device Insurance: Up to $1000 for repair or replacement of mobile devices.
  • Purchase Security & Extended Warranty Insurance: Coverage for new purchases lost, stolen, or damaged within 90 days; extends manufacturer’s warranty by up to an additional year.

Payment Flexibility
  • CIBC Pace It™ Installment Plans: Option to convert large purchases into installment plans at lower interest rates.

Card Management and Usage
  • Online Activation: Conveniently activate cards online.
  • eStatements: Digital access to statements, reducing paper usage.
  • Lock and Unlock Feature: Immediate security control if the card is misplaced.
  • Card Replacement Service: For lost, stolen, or damaged cards.

Additional Features
  • Contactless Payments: Including mobile wallet compatibility.
  • Chip Technology: For enhanced security.
  • Cash Advances: Up to $1000 daily at compatible ATMs.
  • Additional Cardholders: Up to three, with individual spending limits.
  • CIBC Auto Pay Service: Ensures timely payments with options for paying either the minimum or the full amount due.

Eligibility and Privacy
  • Membership Requirement: Active Costco membership is necessary for primary and authorized users.
  • Data Sharing: Exchange of personal information between CIBC and Costco for account management.


Frequently Asked Questions

  • Is there a CIBC Costco World Mastercard?
  • How do you qualify for Costco World Mastercard?
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