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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 ...
Access your Citibank account online to manage your Costco Anywhere Visa Card, view rewards, and more.
Nov 25, 2021 · The just a few months after revealing the big bank will become the exclusive credit card issuer for Costco in Canada. Launching in March 2022, the card will "offer strong new features and benefits for members, including more cash back, new insurance coverage and flexible payment plans," CIBC said in a statement.
- What Do We Know?
- What Can We Expect?
- Perks That (Hopefully) Carry Over
- The Costco Curse: Will This Last?
As of right now, CIBC and Costco have released little information about the new credit card. We do, however, know a few things. Like the Capital One Costco hybrid, we know the CIBC card will function as your Costco membership card. We also know the CIBC will be a Mastercard and that it will earn rewards on everyday purchases. We also know that your...
Aside from these facts, Costco also hinted at some possible changes. Pierre Riel, Costco Canada’s SVP Country Manager, wrote in a press release that the new credit card will give members “more ways to get the most out of their membership.” He cited “leading digital capabilities,” “robust features,” and “stronger rewards.” I don’t know about you, bu...
Though, sure, the rewards program on the Capital One Costco Mastercardis a little flat, it does have some features that (fingers crossed) won’t disappear under the new partnership. First off, I’d like to see the slew of insurance carry over. Right now, your Capital One Costco Mastercard has a fairly comprehensive package of travel insurance, includ...
Perhaps the biggest question on my mind is — will we see another breakup in the years to come? Just to recap, we’ve already seen two partnerships end in the last decade In 2014, Costco terminated a 15-year partnership with American Express, electing to partner with Capital One instead. Last year, after Capital One’s card sales in Canada were declin...
Nov 25, 2021 · Launching in March 2022, the card will offer strong new features and benefits for members, including more cash back, new insurance coverage and flexible payment plans. "Our top priority is to provide an innovative credit card offering that expands the value that Costco members receive, many of whom are new to our bank.
Mar 8, 2022 · The new credit card also doubles up as your Costco membership card, as it does with the Capital One Mastercard. Update: CIBC completed the transition on August 31, 2022, when all cardholders received their new credit card. Once your card arrives and you activate it, the Capital One Mastercard will no longer work.
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