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

We’ll issue you a cash back coupon in January, as long as your account is eligible. Your account is eligible as long as it’s open and in good standing, which means that it’s not past due, fraudulent, restricted or part of a consumer credit counselling program or bankruptcy.

Once you receive your cash back coupon, you can redeem it at any Costco warehouse in Canada.