![]() Until March 4, 2022, the terms and conditions of your Capital One Costco Mastercard account continued to apply. Your physical CIBC Costco Mastercard will also serve as your Costco membership card. Your annual Costco membership fee auto-renewal settings will continue to be available through your Costco.ca account. If you enrolled in Costco’s membership auto-renewal using your Capital One Costco Mastercard, this will be processed on your CIBC Costco Mastercard on your next renewal date following the transfer of your account to CIBC. In addition, you won’t need to update your pre-authorized payments (if applicable) with any merchants. Your credit limit remains the same, and you’ll be able to use your card without interruption. Shortly after your new CIBC Costco Mastercard is activated, you and any authorized users on the account will no longer be able to use your Capital One Costco Mastercard. Your new card should arrive before August 31, 2022. You can continue to use your Capital One Costco Mastercard as usual until you receive your new CIBC Costco Mastercard in the mail. On March 4, 2022, eligible Capital One Costco Mastercard accounts, along with the 16-digit credit card number, expiry date, CVV and PIN, were transferred to CIBC. What You Need to Know About Changes to Your Account If you have further questions about your new credit card or the transfer of your account to CIBC, please visit /costcobenefits. Please read the following information for more details on these changes. On March 4, 2022, CIBC became the exclusive issuer of Costco credit cards in Canada and acquired the existing Canadian Capital One Costco Mastercard® portfolio.
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