Costco Credit Card vs. Amazon Credit Card: How to Choose
Sep 3, 2024Both cards earn cash back, but they differ in terms of intro offer and how frequently you can redeem your rewards.
Deciding between the CIBC Costco Mastercard and Amazon.ca Rewards Mastercard doesn’t have to be hard.
Both are rewards credit cards that earn cash back.
The Costco card earns cash back on a wider variety of spending categories, but the Amazon card has a higher earn rate for its spending categories.
The Amazon card has a sign-up bonus, whereas the Costco card doesn’t.
Points earned with the Costco card can only be redeemed once a year, whereas points earned with the Amazon card can be redeemed as soon as you hit the required threshold.
Here’s a look at the details that matter most, so you can make a decision quickly and confidently.
Costco card vs. Amazon card
Rewards breakdown
NerdWallet's take
Card details
Rewards breakdown
NerdWallet's take
Card details
Frequently asked questions
Is the Amazon CA credit card good?
Is the Amazon CA credit card good?
The Amazon Rewards Mastercard earns cash-back rewards on everyday spending and doesn’t charge an annual fee. If you frequently shop at Amazon.ca or Whole Foods Market stores, this card could help you earn gift cards to use on future purchases.
Is the Costco credit card worth it?
Is the Costco credit card worth it?
The CIBC Costco Mastercard earns cash-back rewards on everyday spending and doesn’t charge an annual fee. If you shop at Costco regularly, this card could help you earn a gift certificates that can be used for future purchases.
What are the advantages of a Costco credit card?
What are the advantages of a Costco credit card?
The CIBC Costco Mastercard earns 1%-3% cash back on eligible purchases, offers payment plans for purchases of $100 or more, and can serve as your Costco membership card.
What are the benefits of an Amazon credit card?
What are the benefits of an Amazon credit card?
The Amazon.ca Rewards Mastercard features a welcome offer upon approval, earns 1%-5% cash back on eligible purchases, may have special benefits for eligible Prime Members, and offers payment plans for purchases over $100.
Can you use an Amazon card like a regular credit card?
Can you use an Amazon card like a regular credit card?
Yes, though the Amazon Rewards Mastercard is technically a store credit card, it can be used to make purchases anywhere Mastercard is accepted.
What credit score is needed for an Amazon credit card in Canada?
What credit score is needed for an Amazon credit card in Canada?
Amazon.ca doesn’t publicly disclose the minimum credit score requirements for the Rewards Mastercard, but many rewards cards that earn cash back required scores in the good to excellent range.
Am I eligible for a Costco credit card in Canada?
Am I eligible for a Costco credit card in Canada?
To be eligible for a CIBC Costco Mastercard, you must have a Canadian credit file, be a Canadian resident and be the age of majority in the province or territory where you live. You must also have a valid Costco Wholesale membership.
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