Are you wondering what CIBC Costo MasterCard will be? In case you are searching for information on this then this article has everything for you. CIBC will now be the replacement issuer following the announcement that Capital One and Costco’s agreement had ended. However, the primary thing will always remain the same when it comes to utilizing the card that is to activate CIBC Costo Mastercard. You will find the process to activate the Mastercard in this post as well. Let’s begin with what features it offers first, then we will jump to the process. Your new CIBC Costco Mastercard differs slightly from your Capital One card in a few ways.
Let’s begin with the pointers-
Earn exclusive rewards with our Shop Your Way Card guide
There will still be no yearly fee for primary or secondary cardholders of the CIBC Costco Mastercard. Additionally, there is no sign-up bonus, so if you purchase this card, it will just be for daily earning and cardholder advantages.
Additionally, it will keep receiving cash-back bonuses. The rates you’ll receive on regular spending are as follows-
With some noticeable enhancements, these are comparable to the previous prizes. Until you reach the yearly cap, 3 percent cash back on gas is exceptionally high for a no-fee credit card and for a Mastercard.
Previously, the Capital One card offered dismal insults to devoted Costco customers who could actually earn great rewards there by using a rival Mastercard. It only offered 0.5 percent cash back on the first $3,000 spent annually. You can now immediately earn 1% cash back at Costco or 2% online. It’s unfortunate that Costco warehouses don’t also provide the 2% rate. Fortunately, you may still make significant purchases online for greater savings and to take advantage of Costco’s low prices and long warranties. If the card could accrue Aventura points, that would have made CIBC’s acquisition more intriguing, so I was interested to know. However, given that they are taking on a new audience.
As before, you’ll get your cash back as a Costco gift card once a year in January. Although this is another chance lost by CIBC to make rewards more accessible to customers, it will not be a major inconvenience for frequent Costco customers.
Also Read: Log in to Netspend account
If you’re a new customer of CIBC, you can view your credit card information, such as transactions or payments, by signing up for CIBC Mobile or Online Banking using your current Capital One Costco Mastercard 16-digit card number. These simple steps will let you register-
Given that this card is designed for frequent Costco shoppers rather than frequent travelers, the insurance features on the CIBC Costco Mastercard are very restricted. Mobile Device Insurance, which provides $1,000 in coverage per event, is the most significant insurance inclusion. This protection is highly uncommon on no-fee credit cards and is relatively new to credit cards in general.
The only other no-fee card that offers this insurance is the Brim Mastercard, which unlike the CIBC Costco Mastercard has a deductible and a far less generous payout policy that is subject to depreciation. CIBC itself does not offer this insurance on any of its other no-fee cards. Common Carrier Accident insurance, which covers you up to $100,000 in the event of an unforeseeable accident on board regularly scheduled transportation and physical injury, is the only type of travel insurance available with the card.
Additionally, it provides purchase protection and an extended warranty that doubles the manufacturer’s standard warranty by up to an additional year (against accidental damage or theft within 90 days).
Check out our guide to Activate Aspire Credit Card
Frequently Asked Questions:
There are several different methods you can pay off your credit card.
Call CIBC Credit Card Services at 1-800-465-4653 to set up pre-authorized payments on your credit card account. Use the number 514-861-4653 if you’re phoning from outside of North America. They accept collect calls. On weekdays from 7:00 am to 12:00 am ET and on weekends from 7:00 am to 10:00 pm ET, they are available to assist.
You can also transfer money from your CIBC bank account to your CIBC credit card by logging into CIBC Online Banking. To transfer money, your CIBC credit card must be connected to your debit card. Look for a “Link Account” option next to your credit card on the “My Accounts” tab to make sure it is currently connected to your debit card.
Another option is to use CIBC Online Banking while logged into your CIBC bank account to add your credit card as a payee-
From the navigation, choose “Pay Bills.”
Then click “Add or Edit Payees.”
Select “Search” after entering the payee’s name in the text field.
The payee’s name should be chosen from the search results.
Select “Next” after entering your credit card information in the “Payee Account Number” box.
Select “Add Payee” after you have checked the payee information.
By selecting “Add Payee” once more, you will be prompted to confirm the payee you wish to add. Additionally, a one-time verification code will be required of you. You will get a confirmation that your request has been submitted once this step is finished. A total of 99 payees may be present at once.
You should wait at least 10 minutes before requesting another code because it could take up to 10 minutes to obtain the code. The 6-digit verification code can be found in the body of the most recent text message that was delivered, so please open it when you receive it.
Calling the customer support number on the back of your current card and providing an updated phone number can allow you to update your account if you still haven’t received the code or it doesn’t work.
0001: Error message
This error indicates when an unforeseen connectivity problem occurred. Please try again in a few minutes to register or log in.
The 0003 error message
This error indicates when your mobile banking session expired as a result of inactivity for your security. You’ll have to log in once more. Please occasionally click on the page to let them know you’re still there in order to avoid this problem in the future.
When you enter your card number, expiration date, or phone number wrong, the error message 0008 appears. For the purpose of signing up for CIBC digital banking, use the same primary phone number that Capital One had on file for you. Make sure you have the right information because you can get locked after several unsuccessful tries.
You can check the option to view your password and reset it if you have password problems. Use the phone number you previously had on file for password reset verification if you have a CIBC Costco Mastercard.
On the CIBC Mobile Banking App or CIBC Online Banking, you can access up to six months’ worth of prior transactions.
Follow one of these easy methods to get your past Costco Mastercard statements that were sent up until and including March 4:
Through CIBC Online Banking, submit a request.
Opens a fresh window
Go to CIBC Online Banking and log in.
Go to the My Accounts tab after logging in.
On the left-hand side of the page, in the sidebar, select View eStatements.
Verify that you have chosen your Costco Mastercard account from the dropdown menu.
You’ll find a box with instructions on how to get previous Costco Mastercard statements below your account number. Select the Request Submission link.
Once there, you can fill out a form to seek access to earlier Costco Mastercard statements that were issued up to and including March 4.
Click Submit after completing the form.
Call the customer support number listed on the back of your credit card to submit a request.
Remember that it may take up to 30 days to obtain your prior statements whether requesting them via CIBC Online Banking or by phoning the customer care line.