Comparison by use

Best credit card for Costco purchases

Purchases at Costco. The ranking below applies the same published spending scenario to every eligible card; change the spending level or the American Express policy to see the matching Top 3.

Costco warehouses in Canada only accept Mastercard, and a Costco membership is required to shop there; the other purchases in the scenario follow the usual rules.

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Your use

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Reference amounts for this use

Each level uses an amount suited to the selected use instead of a profile’s full annual budget.

  • Moderate — $3,100 / year
  • Standard — $4,700 / year
  • High — $7,800 / year

The ranking applies the same amount to every card compared within a given level.

Carte IQ ranking

Best cards for Costco purchases

1 Top Carte IQ pick
CIBC Costco Mastercard — CIBC

CIBC Costco Mastercard

CIBC · Mastercard

  • Costco
  • Cashback
Use-case value
$47
Annual fees
$0
Annual net value
$47
View card
2 Alternative
Cash Back Mastercard — Desjardins

Cash Back Mastercard

Desjardins · Mastercard

  • Costco
  • Cashback
Use-case value
$23.50
Annual fees
$0
Annual net value
$23.50
View card
3 Alternative
MBNA Smart Cash Platinum Plus Mastercard — MBNA

MBNA Smart Cash Platinum Plus Mastercard

MBNA · Mastercard

  • Costco
  • Cashback
Use-case value
$23.50
Annual fees
$0
Annual net value
$23.50
View card
3 cards compared with the same assumptions. Based on $4,700 per year at the standard spending level in Quebec.

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