Pros
- ✓Welcome Bonus: $100
- ✓Purchase protection included
- ✓No annual fee
Cons
- ✗Foreign Transaction Fee (2.5%)
Our Review
The CIBC Dividend® Visa* Card is one of the best no-fee cash-back Visa credit cards in Canada.
For a limited time, earn 5% cash back (up to 100 $) during the period covered by your first 4 monthly statements.
Plus, get :
- 2% cash back on eligible grocery purchases†
- 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments†
- 0.5% cash back on all other purchases†
This no-annual-fee CIBC credit card offers certain insurance coverages:
- Purchase Security and Extended Protection Insurance
Rewards
All Spending
0.5x
Cash Back pts per dollar
Gas
1x
Groceries
2x
Restaurants
1x
Transit
1x
Recurring
1x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$246
$/yr
Estimated Value
$246
After Fees
+$246
1st Year Value
$346
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Interest Rates
- Purchase Rate21.99%
- Cash Advance22.99%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$15,000
Household Income
$15,000
Terms & Conditions
Card Features
Welcome Offer: Get 5% cash back for the first 4 statements on net purchases of up to $2,000 (up to $100 cash back).†
Plus, get 2% cash back on eligible grocery purchases!†
- 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments†
- 0.5% cash back on all other purchases†
- Get cash back on demand – redeem your cash back at any time when you have a minimum of $10 through CIBC Online and Mobile Banking®
Save on gas with CIBC and Journie Rewards:
Link and use your CIBC Dividend Platinum Visa Card with Journie Rewards to save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Save over $600 with CIBC and Skip
Get a 12-month Skip+ free trial and other exclusive benefits when you link your CIBC Dividend Visa Card with Skip. †
FAQ
Does the CIBC Dividend® Visa* Card has an annual fee?
No, the CIBC Dividend® Visa* Card has no annual fee.
This CIBC Credit Card is a cash-back credit card that you can keep from year to year to improve your credit score without paying an annual fee.
What is the cashback rate on grocery purchases with the CIBC Dividend® Visa* Card?
The CIBC Dividend® Visa* Card offers 2% cash back on eligible grocery purchases.
How is cash back distributed for the different CIBC Dividend® Visa* Card purchase categories?
The CIBC Dividend® Visa* Card offers 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases, as well as on eligible recurring payments, and 0.5% cash back on all other purchases.
How can I redeem my cash back with the CIBC Dividend® Visa* Card?
Cash back can be redeemed at any time with a minimum balance of $10 via CIBC Online Banking or CIBC Mobile Banking.
How to save on gas with the CIBC Dividend® Visa* Card and Journie Rewards?
By linking your CIBC Dividend® Visa* Card to Journie Rewards, you save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations.
How to link the CIBC Dividend® Visa* Card to Journie Rewards to save on gas?
To save on gas, link your CIBC Dividend® Visa* Card to Journie Rewards and use it at participating gas stations to receive the discount.
What is the cash back percentage on recurring payments with the CIBC Dividend® Visa* Card?
The CIBC Dividend® Visa* Card offers 1% cash back on eligible recurring payments.
Legal
This is a digital-exclusive offer.† To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you. † This offer is reserved for you. Please do not forward it to anyone else.
This offer is reserved for you. Please do not forward it to anyone else. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†
† Terms and conditions apply. Click on Apply Now to learn more.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 CIBC. All trademarks are property of their respective owners.