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All eligible Capital One® Costco Mastercard® accounts will change to the CIBC Costco Mastercard as of March 4, 2022. Eligible cardholders will not need to reapply for the new CIBC card and there’s no additional credit check. Here’s what to expect between now and March 4: Members can continue to use their cards at Costco and wherever else ...
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Nov 25, 2021 · Costco member feedback reflected in many of the new benefits. TORONTO, Nov. 25, 2021 /CNW/ - Today CIBC announced product details and timing updates for the new CIBC Costco Mastercard ®, following on the announcement earlier this year that CIBC will become the exclusive credit card issuer for Costco in Canada.
- You Don’T Have to Reapply
- Keep Making Payments to Capital One
- Cash Back Will Be Rolled Into Your 2023 Gift Certificate
- Your Card Will Arrive in August
- Store A Copy of Past Costco Mastercard Statements
- Hold Off on Making Large Purchases from Costco.ca
- Should You Apply For The Costco Mastercard?
First off, if you’re a current Costco Mastercard holder, you don’t have to reapply for the CIBC version. On March 4, you and any authorized users will automatically be rolled into CIBC’s customer base, without any action on your part.
Until March 3, you will continue to pay off your credit card balance to Capital One. Starting on March 4, however, CIBC will send you credit card statements, and you will start making payments to it.
Don’t worry: you will be compensated for the cash back you earn on the Capital One Costco Mastercard. Your 2023 gift certificate will include the rewards you earn between now and March 4, even if they’re earned on your Capital One credit card.
As of right now, holders of the current Costco Mastercard will continue to use their Capital One version until at least August 31 of this year. You should receive your new CIBC Costco Mastercard before that date. Your new CIBC card will have the same information as your old rewards card. That is, you’ll have the same 16-digit credit card number, ex...
After March 3, you won’t have access to your Costco Mastercard statements from previous years. If you want to hold on to your past credit card statements, be sure to download them, or request copies, before your Capital One account closes. To request copies, simply call the number on the back of your current Costco Mastercard.
Lastly, be strategic with your Costco purchases from now until March 4. Keep in mind that your new CIBC Costco Mastercard will earn you 2% back on most Costco.ca purchases (up to $8,000). Right now, your Capital One card will earn only 1% back (or 0.5%, if you haven’t spent your annual $3,000 yet). So, if you’re planning on making a very large purc...
The new CIBC Costco Mastercard is an exciting new retail card that will no doubt benefit frequent Costco shoppers. If you don’t have a Costco Mastercard yet, you can start by applying for the current Capital One card. Any rewards you earn will transfer to CIBC (you’ll receive a gift certificate in January 2023), and your Mastercard will function as...
Pay for those larger purchases with CIBC Pace It low-rate Installment Plans, spreading payments over a fixed term. With your new CIBC Costco Mastercard you can take advantage of special Installment Plan interest rates with no installment fees on eligible Costco purchases in Canada and at Costco.ca: 5.99%. for 6 months.
Oct 1, 2021 · Learn More. The cat is out of the bag: starting in 2022, CIBC will replace Capital One as Costco’s new credit card partner. Though few details around the partnership have been released, we know ...
People also ask
When will CIBC ® Costco MasterCard® change?
Will CIBC & Costco have a new credit card?
Will Capital One ® Costco MasterCard® change to the CIBC Costco card?
Do I need to reapply for a new CIBC Costco card?
How do I apply for the new CIBC Costco card?
What is the CIBC Costco MasterCard?
Nov 25, 2021 · TORONTO, Nov. 25, 2021 /CNW/ - Today CIBC announced product details and timing updates for the new CIBC Costco Mastercard ®, following on the announcement earlier this year that CIBC will become ...
