How To Set Pin On Capital One Card

Image source: Getty Images

On March iv of this year, CIBC will officially supervene upon Capital I as Costco's credit bill of fare partner. For those who have a Capital One Costco Mastercard, that might go out you lot wondering what's going to happen to your electric current account as well equally whatsoever rewards you earn between now and March 4. To help you prepare, hither are a few important things you should know.

Yous don't have to reapply

Outset off, if you're a current Costco Mastercard holder, you don't have to reapply for the CIBC version. On March 4, y'all and any authorized users volition automatically be rolled into CIBC'due south customer base of operations, without any action on your office.

Keep making payments to Capital Ane

Until March iii, you will continue to pay off your credit card balance to Upper-case letter Ane. Starting on March four, however, CIBC will transport you credit carte du jour statements, and you will start making payments to it.

Cash back will be rolled into your 2023 gift certificate

Don't worry: you volition be compensated for the cash back you earn on the Majuscule One Costco Mastercard. Your 2023 gift certificate will include the rewards you earn betwixt now and March 4, even if they're earned on your Upper-case letter One credit card.

Your card volition make it in August

As of right at present, holders of the current Costco Mastercard volition continue to use their Capital One version until at least August 31 of this twelvemonth. Y'all should receive your new CIBC Costco Mastercard earlier that engagement.

Your new CIBC card will have the same information as your erstwhile rewards card. That is, you'll have the same sixteen-digit credit card number, expiration date, CVV, and PIN. This ensures you don't take to change credit menu information on sure pre-authorized transactions, such every bit using your Costco Mastercard for monthly subscriptions.

Store a re-create of by Costco Mastercard statements

Later March iii, you won't have access to your Costco Mastercard statements from previous years. If yous want to agree on to your past credit card statements, be sure to download them, or request copies, earlier your Capital Ane business relationship closes.

To request copies, simply call the number on the back of your current Costco Mastercard.

Hold off on making large purchases from Costco.ca

Lastly, exist strategic with your Costco purchases from at present until March 4. Keep in mind that your new CIBC Costco Mastercard volition earn you ii% back on most Costco.ca purchases (up to $8,000). Right at present, your Capital Ane card will earn only i% dorsum (or 0.five%, if you oasis't spent your annual $3,000 yet). And then, if you're planning on making a very large purchase, ane that y'all tin can buy online, I would concur off until you can earn two% back.

Should yous employ for the Costco Mastercard?

The new CIBC Costco Mastercard is an exciting new retail card that volition no doubt benefit frequent Costco shoppers. If you lot don't have a Costco Mastercard nevertheless, you can start past applying for the current Majuscule One card. Any rewards you earn volition transfer to CIBC (you'll receive a gift certificate in January 2023), and your Mastercard volition function as your Costco ID.

In fact, I would argue that any person with a Costco ID can benefit from the CIBC Costco Mastercard: it costs nothing to apply, and yous might have the opportunity to earn more cash back than yous normally would for certain Costco.ca purchases.