Costco recently switched to a CIBC Mastercard, from a Capital One Mastercard in 2022. The Costco Mastercard partnership has been wildly successful for both parties. In the early days of Costco, they pitched to Visa, and Visa said no to Costco as they refused to reduce their fees.
How successful has this partnership been? We want to offer a deep dive with this CIBC Costco Mastercard Review to highlight the role that transactions and payment processors play in businesses – especially those as large as Costco.