CIBC picks up Costco credit card business | Page 4 | Credit card reward programs | Discussion forum

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CIBC picks up Costco credit card business
December 21, 2021
9:12 pm
User230
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mustang said
Just received our replacement cibc costco world mastercard
First takeaway, from comparison chart:
Seems like a whole raft of coverages disappearing from the Insurance and Services section  

Costco likely wants to appeal to non-Costco members. Cashback will lure some non-members to become a member. More so than insurances would. The cashback set-up does make the new card a possibly a primary cc or a one card solution CC. Not the best card on the market. A card that can at least compete if you are already paying for a membership.

Insurances would make their current members happy. I think current Costco members are already pretty happy though. The huge lines and full parking lots seem to indicate Costco is making their customers happy.

I am staying away from the card as I rather stick with cards that suit my needs better and are easier and faster to redeem cashback.

I am also liking the digital offers AMEX sends out once in a while. Spend 50 and get 20 dollars off at Best Buy for example.

December 22, 2021
9:30 am
mustang
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We had been using the Cap 1 Costco card as primary card
Guess we will have to look for something else, with a full range of coverages

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