You Can Now Add Costco’s CIBC Mastercard to Apple Pay [Update]
Back in March, CIBC announced it would be launching Apple Pay support for the Costco Mastercard, which the bank now runs as part of acquiring the latter from Capital One in the fall of 2021.
CIBC said Apple Pay would be coming in “late May” but as of earlier this week, the bank started enabling the mobile wallet for iPhone users, we can confirm.
According to iPhone in Canada reader Shawn H., he was able to add his CIBC Costco Mastercard to Apple Pay today. Card verification options were available by phone call and text message. He’s a new CIBC Costco Mastercard customer and added the card to Apple Pay by scanning the back of his card.
The CIBC Costco Mastercard offers up to 3% cash back and has no annual fee, while it also combines your Costco membership card as well. The card offers additional insurance benefits such as mobile device insurance and purchase security and extended warranty insurance.
The card also supports other mobile wallets such as Google Pay and Samsung Pay. We’ve reached out to CIBC to get additional information on when other mobile wallets will be supported.
Update May 12, 2022: CIBC confirmed to iPhone in Canada that new clients can add their Costco Mastercard to Apple Pay and Google Pay mobile wallets right away. Clients transferred from Capital One will be gain mobile wallet functionality in “late May”, or the next few weeks, we’re told.
CIBC points out that when converted clients download their card it will show in their wallet as their CIBC Costco Mastercard–even if they have not yet received their new physical card yet. New CIBC Costco Mastercards are expected to arrive before August 31, 2022