CIBC Dividend® Visa* Card

Pros & Cons

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

Groceries

2x

Gas

1x

Restaurants

1x

Transit

1x

Recurring

1x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries2.00%

$700/month

Gas & EV1.00%

$200/month

Transit1.00%

$100/month

Restaurants1.00%

$300/month

Pharmacy0.50%

$50/month

Travel0.50%

$150/month

Bills & recurring payments1.00%

$250/month

Telecom0.50%

$150/month

Entertainment & streaming0.50%

$100/month

Office supplies0.50%

$0/month

All other spending0.50%

$500/month

Cashback earned

$327

$/yr

Estimated Value

$327

After Fees

+$327

1st Year Value

$427

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 2.00%$168

Gas & EV$2,400/yr × 1.00%$24

Transit$1,200/yr × 1.00%$12

Restaurants$3,600/yr × 1.00%$36

Pharmacy$600/yr × 0.50%$3

Travel$1,800/yr × 0.50%$9

Bills & recurring payments$3,000/yr × 1.00%$30

Telecom$1,800/yr × 0.50%$9

Entertainment & streaming$1,200/yr × 0.50%$6

All other spending$6,000/yr × 0.50%$30

Total annual spend$30,000

Monthly spend$2,500

Average earn rate on spend per year1.09%

Average earn rate on spend 1st year with welcome bonus1.42%

Total cashback on spend$327

Welcome bonus+$100

Earn $100 Cash Back after $2,000 in purchases within the first 4 months

Total cashback earned$427

Purchase Protection

Included

Extended Warranty

+1 year(s)

Fees and interest rates

Annual Fee
$0
Additional card fee
$0
Foreign currency conversion fee
2.5%
Purchase Rate
21.99%
Balance transfer rate22.99%
Quebec21.99%
Cash advance rate22.99%
Quebec21.99%

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, EV charging, transportation, dining purchases and 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®

Get a free Skip+ membership when you link your eligible CIBC credit card

Plus, enjoy $0 delivery fees and earn a $10 monthly voucher.^†

Fuel up for less

Link your card with Journie Rewards to save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.^†

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.