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How to Receive and Redeem Cash Back with the Capital One Costco Mastercard

We’ll mail cash back coupons in January 2022 to eligible Capital One Costco Mastercard® cardholders for the rewards earned in 2021. Coupons will be mailed separately from your January statement as long as your account is in good standing, which means that it’s not past due, fraudulent, restricted, or part of a consumer credit counselling program or bankruptcy. Please note that coupons will likely arrive by mid-February 2022.

Once you receive a cash back coupon, you can redeem it for cash or almost anything at any Costco warehouse in Canada.

Please refer to this article for more information on cash back earned in 2022.