Notes, trademarks and disclaimers
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The card is provided and administered by CIBC and also serves as your Costco membership card. When you have a card, you have a
relationship with both Costco and CIBC.
2
Earn 3% on purchases (less returns) at merchants classified in the credit card network as Costco gas stations within Canada and
2% on purchases (less returns) at merchants classified in the credit card network as gas merchants on the first $5,000 net annual
card purchases in this category on your account. After that, net card purchases at all gas merchants, including Costco, will earn 1%
in Cash Back Rewards. Earn 2% on purchases (less returns) classified in the credit card network as Costco.ca purchases on the first
$8,000 net annual card purchases in this category on your account. After that, net card purchases at Costco.ca will earn 1% in Cash
Back Rewards. Purchases at merchants classified in the credit card network as restaurants will earn 3% and all other qualifying
purchases will earn 1% in Cash Back Rewards. The $5,000 and $8,000 limit will reset to zero annually on January 1. Cash Back
Rewards will be provided in the form of a Cash Back Gift Certificate issued in Canadian dollars to an eligible Primary Cardholder
once per calendar year in January for the cash back earned in the prior calendar year. The Cash Back Gift Certificate can only be
redeemed for purchases at any Canadian Costco Wholesale warehouse location. Authorized Users on the Account are not issued
and cannot redeem Cash Back Gift Certificates.
3
Your CIBC Costco credit card account must be in Good Standing on Dec. 31 and the Primary Cardholder’s Costco membership must
also be active on Dec. 31 to be eligible to receive a Cash Back Gift Certificate for rewards earned in that year. Gift Certificates may not
be used towards: purchases of alcoholic beverages, cigarettes or other tobacco-related products, purchases made outside a Costco
warehouse front-end register, such as purchases at Costco’s gas stations, tire service centres, food courts, optical centres (Quebec
only), pharmacies or purchases made online at costco.ca, certain services, including travel, auto and other services designated by
Costco from time to time in its sole discretion, purchases where prohibited by applicable legal or regulatory restrictions or any other
purchases as determined from time to time at Costco’s sole discretion.
4
Insurance coverage(s) included with CIBC credit cards are underwritten by Royal & Sun Alliance Insurance Company of Canada.
You may contact the insurer at 1 866 363-3338 in Canada and the U.S. or collect from elsewhere at 905 403-3338 or visit
cibccentre.rsagroup.ca. Different cards will have different coverage(s). To learn about which coverage(s) are included with a specific
card, and important information regarding coverage eligibility requirements, benefits, limitations and exclusions, refer to the the
insurance certificate(s) in your card package or visit cibc.com/ca/credit-card/agreements-insurance.html. Some insurance coverage(s)
require purchase(s) and other costs to be charged to the card to activate coverage. Other conditions may also apply. Certain coverages
are “excess insurance” (all other sources of insurance and recovery must be exhausted before coverage is available).
5
CIBC Pace It Installment Plans allow eligible cardholders to convert eligible card transaction(s) to monthly installment payments
(including interest) over a fixed period of time. When you create an Installment Plan you will have the ability to choose the
payment term (in months) with a corresponding annual interest rate. Once you accept the Installment Plan Terms and Conditions
and the installment plan is created, you can cancel it at any time but you cannot change it. CIBC Pace It Installment Plans are only
available: (a) on Accounts in good standing; and (b) for certain eligible Accounts and eligible Transactions. For complete Terms and
Conditions, visit cibc.com/paceit.
6
Transactions must first be posted to your account before they can trigger a spend alert. It may then take up to 24 hours after a
triggering transaction is posted for an alert to be sent.
7
This service is provided by Equifax Canada, a leading credit bureau in Canada.
8
Subject to merchant transaction limits.
9
Cash advances do not earn cash back. Interest accrues from the date advances are taken.
10
All Cardholders (primary and Authorized Users) on the account will receive a PIN.
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The Primary Cardholder may assign and change the Authorized User Spending Limits on the credit card account for any Authorized
User(s) by contacting CIBC. CIBC may make adjustments to the spending limits any time following a decrease in the credit limit or
cash limit of the card. The spending limits for Authorized Users will be subject to the overall credit limit and cash limit on the credit
card account, so the funds available to an Authorized User may be less than the spending limit set. An Authorized User Spending
Limit will reset monthly, or earlier if requested by the Primary Cardholder or if a payment on the credit card account is made by
the applicable Authorized User. “Cash” refers to cash advances, Convenience Cheques and balance transfers. For full details, visit
https://www.cibc.com/en/personal-banking/credit-cards/manage.html
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