CIBC announced product details and timing updates for the new CIBC Costco Mastercard?, following on the announcement earlier this year that CIBC 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. The CIBC Costco Mastercard provides valuable benefits built from Costco member feedback, including the following new features: More cash back on Costco.ca purchases and at Costco gas locations: New 2% cash back earned on Costco.ca on purchases up to $8,000 (1% thereafter). Earn 3% at Costco Gas and 2% at non-Costco gas stations on the first $5,000 spent on gas (1% thereafter). A full 1% cash back on every purchase everywhere Mastercard is accepted, including at Costco warehouses. Mobile Device Insurance coverage and other insurance protection available within CIBC's credit card lineup will be included on the CIBC Costco Mastercard. Flexible payment plans through CIBC Pace It?everywhere. Eligible Costco purchases at Canadian warehouses and at Costco.ca can be paid off in installments with special member interest rates and no installment fees. Additionally, cardholders will continue to receive 3% cash back at restaurants and the card will continue to have no annual fee.