Costco Canada’s Best Credit Cards – September 2024

The Best Credit cards For Costco

Rogers Mastercard^®

The Rogers Red Mastercard® is one of the best no-annual-fee credit cards in Canada, especially for Rogers, Fido or Shaw customers.

Right now, you can earn $60 cash back by making one purchase with your mobile wallet in the first 90 days AND 6 automatic payments from your Rogers, Fido or Shaw postpaid service in the first 8 months.

With the Rogers Red Mastercard®, by having a single qualifying service with Rogers, Fido or Shaw, you can earn 2% unlimited cash back on all your purchases. Eligible services include :

• Rogers Mobile
• Fido Mobile
• Rogers, Fido, or Shaw Home (Internet, TV, home phone, home monitoring, or satellite)

This card is now also available to Quebec residents with a mobile service with Rogers or Fido!

Plus, you get 1.5x more cash back on Rogers, Fido and Shaw purchases – that’s a 3% cash back value.

Plus, as a Rogers Red Mastercard® cardholder, you’ll get 5 days’ free access to Everywhere at Home, every year, on Rogers mobile plans (a value of up to $75).

If you’re not a Rogers, Fido or Shaw customer, you’ll earn 2% cash back on U.S. dollar purchases and 1% unlimited cash back on all other purchases.

Rogers World Elite^® Mastercard^®

The Rogers Red World Elite® Mastercard® is one of the best no-annual-fee cash-back credit cards in Canada.

With the Rogers Red World Elite Mastercard, you get 2% cash back on all purchases (including at Costco) if you are an eligible Rogers, Fido or Shaw customer.

Alternatively, earn 1.5% unlimited cash back on all eligible purchases in currencies other than U.S. dollars.

Receive 3% cash back on all purchases in U.S. dollars (this credit card is therefore particularly suitable for snowbirds) and 50% more cash back every time you redeem for Rogers, Fido or Shaw purchases.

What’s more, Rogers customers have 5 days’ free access to Roam Like Home roaming plan when they travel (a value of up to $75).

As the Rogers Red World Elite Mastercard is a World Elite Mastercard, you benefit from a complimentary Mastercard Travel Pass (offered by DragonPass) giving access to over 1,300 airport lounges worldwide (US$32 per person per visit).

Finally, you’re protected by a wide range of insurance coverages, such as :

• Extended Warranty and Purchase Protection
• Rental Car Collision/Damage
• Out-of-Province/Out-of-Country Emergency Medical
• Trip Interruption Insurance
• Trip Cancellation Insurance

BMO^® AIR MILES^® World Elite^®* Mastercard^®*

With this exclusive offer for the BMO® AIR MILES® World Elite Mastercard®*, you can earn 3,000 miles after $3,000 in purchases, representing a cash value of $315.

Get 25¢ per liter off your next eight fill-ups (maximum 50 L) at Shell, plus automatic rebates of 7¢ per liter on Shell V-Power® NiTRO+ premium fuel or 2¢ per liter on other types of fuel. These savings can amount to as much as $128 in fuel.

Besides, the annual fee is waived in the first year!

With this card, you earn 3 miles for every $12 spent at participating AIR MILES Partners. Then, earn 2 miles for every $12 in purchases at any eligible grocery store and wholesale club (warehouse like Costco) or alcohol retailer (SAQ, LCBO, etc.). Everywhere else, you’ll earn 1 AIR MILES mile for every $12 in purchases, including Walmart.

And it’s the only AIR MILES credit card in Canada to offer a 25% discount on one worldwide AIR MILES flight redemption during the calendar year

The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:

• 7 ¢/L discount on Shell V-Power fuel and 2 ¢/L discount on all other Shell fuels
• Excellent insurance for your travels and purchases
• 2X miles for car rentals with National or Alamo

National Bank World Elite Mastercard

The National Bank World Elite Mastercard® is NBC’s best Mastercard credit card. With the current welcome offer, receive up to 35,000 bonus points distributed as follows:

• 10,000 points if you make at least $5,000 in purchases in the first 3 months
• 10,000 points if you make at least $10,000 in purchases in the first 6 months
• 15,000 points if you make at least $20,000 in purchases in the first 14 months

What’s more, you pay no annual fee for the first year.

With this card, you earn up to 5 points per dollar on your purchases:

• 5 points per dollar on grocery and restaurant purchases
• 2 points per dollar on gas and electric recharge purchases
• 2 points per dollar on recurring bills
• 2 points per dollar on À la carte Travel
• 1 point per dollar on all other purchases

And since it’s a National Bank Mastercard credit card, you can use it at Costco.

With this card, you have access to a $150 annual travel credit that you can use in any of these categories:

• Airport parking
• Baggage fees
• Seat selection
• Access to airport lounges
• Flight upgrades

In addition, you can enjoy access to DragonPass airport lounges and free Wi-Fi with Boingo. And unlimited access to the National Bank Lounge at Montreal-Trudeau.

Finally, Milesopedia voted the National Bank World Elite Mastercard® the Best Travel Credit Card and the Best Credit Card for Insurance in 2023 and 2024.

KOHO Premium Mastercard Prepaid Card

Special Offer:

• Enter the code KOHOMILES when applying for your card
• Get 3 months of the Extra Plan for free (a $9 discount per month) and $20 cash back

The features of the KOHO Extra Prepaid Mastercard (formerly known as the KOHO Premium Prepaid Mastercard) are as follows:

• Earn an extra 1.5% cashback on eating & drinking, billing & services, and groceries on top of minimum 0.25% cash back on all purchases. Plus, up to 50% extra cashback from select merchants.
• Accepted at Costco.
• Earn 5% interest on both your spending and savings account. Your funds will also be eligible for CDIC insurance. Interest rates are per year, calculated daily, paid monthly, and can change at any time without notice.
• $9/month or $84/year to access Extra Plan features.
• No Foreign Exchange fees on any purchases.
• Also get access to 1 free international ATM withdrawal per month.

RBC Cash Back Preferred World Elite Mastercard

With the RBC Cash Back Preferred World Elite Mastercard, earn 1.5% cash back on all your purchases. Costco included. And this, without any annual limit!

In addition, you get several benefits such as:

• Instant fuel savings at Petro-Canada
• 12 months free shipping with DoorDash
• Free Wi-Fi with Boingo

Finally, the RBC Cash Back Preferred World Elite Mastercard is ideal for protecting your purchases. You get:

• Premium purchase protection for 120 days
• Extended warranty triples the manufacturer’s original Canadian warranty

MBNA Rewards World Elite^® Mastercard^®

With the MBNA Rewards World Elite® Mastercard®, you can earn 5 points per dollar of purchases for:

• Dining purchases
• Grocery purchases
• Digital media purchases (Netflix, Spotify, etc.)
• Memberships
• Household utility purchases (electricity, etc.)

Everywhere else, you will get 1 point per dollar.

Enough to make the MBNA Rewards World Elite® Mastercard® the best MBNA credit card for restaurants, groceries, digital media, subscriptions and household utilities.

Knowing that Mastercard recognizes Walmart Supercenters as grocery stores, this is the best credit card for Walmart customers!

Plus, depending on your province of residence, you’ll get a welcome bonus of between 20,000 and 30,000 points, a value of $200 to $300!

And each year, you will receive Birthday Bonus Points equal to 10% of the total number of Points the Account earned in the 12 months before the month of your birthday, to a maximum Birthday Bonus each year of 15,000 Points.

BMO^® CashBack^® World Elite^®* Mastercard^®*

The BMO® CashBack® World Elite®* Mastercard®* is one of the best cash back Mastercard credit card in Canada.

For a limited time, you will earn up to 10% cash back on select purchases for the first 3 months (that’s up to $260 cash back). Besides, the annual fee is waived in the first year!

With the BMO® CashBack® World Elite®* Mastercard®*, you earn between 2% and 5% cash back on many spending categories:

• 5% on grocery purchases (on the first $500 you spend monthly)
• 4% on transit (on the first $300 you spend monthly)
• 3% on gas and electric vehicle charging (on the first $300 you spend monthly)
• 2% on recurring bill payments (on the first $500 you spend monthly)

Everywhere else, you’ll earn 1% cash back, including at Costco.

Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.

BMO Ascend World Elite Mastercard

The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard credit cards with travel points in Canada. With our exclusive offer, you can get up to 100,000 bonus points:

• 55,000 points after $4,500 in Card purchases in the first 3 months
• 3,750 points per month after $2,500 in monthly purchases from the 4th to the 15th month (up to 45,000 points)

Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.

With the BMO Ascend World Elite Mastercard, a premium credit card from BMO, you get:

• 5 points per dollar on travel purchases
• 3 points per dollar on dining purchases
• 3 points per dollar for entertainment purchases
• 3 points per dollar on recurring bill payments

And 1 point for every $1 spent everywhere else, including at Costco. You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.

The BMO Ascend World Elite Mastercard also offers:

• Four annual complimentary passes to airport VIP lounges
• Excellent Premium insurance for your travels or purchases
• a premium concierge service

National Bank Platinum Mastercard

Unlike the other two National Bank travel rewards cards, the National Bank Platinum Mastercard® does not require a minimum income.

For a limited time, you can earn up to 25,000 points and the annual fee is waived in the first year for the primary cardholder (a $70 value) and one additional cardholder (a $35 value) via our welcome offer:

• 10,000 points if you’ve made $2,500 in net purchases in the 3 months following becoming a cardholder
• 5,000 points upon enrolling in credit card payment insurance
• 10,000 points after the first year if you have made $6,500 in net purchases in the 12 months following enrolment

With the National Bank Platinum Mastercard®, you can earn 2 points per dollar on grocery store and restaurant purchases, and 1.5 points per dollar on gas and electric vehicle charging, recurring bill payements and À la Carte Travel. And since it’s a National Bank Mastercard credit card, you can use it at Costco.

In addition, you get premium insurance usually dedicated for high-end credit cards:

• 180-day Purchase protection in the event of theft or damage
• Possibility of tripling the manufacturer’s warranty (up to 2 additional years)
• Trip Cancellation Insurance
• Trip Interruption Insurance
• Out-of-province hospital insurance
• Flight Delay Insurance
• Baggage insurance in case of delay, theft or loss
• Car rental insurance
• Mobile Device Insurance

We voted the National Bank Platinum Mastercard® as the best credit card for young professionals in 2024.