CIBC Dividend® Visa* Card
2.6/5
Rewards Calculator Algorithm
You can estimate your rewards by inputting your monthly or yearly spending habits.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Card Details
Based on $2,000 spending
First Year Value
$207.78
$207.78 in years after
Annual Rewards
$207.78
First Year Bonus
$0
Annual Fee
$0
First Year Value
$207.78
While the first year bonus value here shows $0, the actual welcome bonus for this credit card is valued at $200 when you meet the minimum spending or other listed requirements. The value of $0 here was derived based on numbers in the spending inputs.
Interest Rates
Cash Advance: 22.99%, for Quebec 21.99%
Purchase: 20.99%
Balance Transfer: 22.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: $15,000
Credit Score
Very Good
Welcome Bonus
N/A
Card Type
Cash Back
Our Rating
2.6/5
Institution
CIBC
Rewards
- 2% cashback on groceries if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cash back on eligible gas, electric vehicle charging, transportation, dining and recurring payments if they are in the first $80k transactions of the year and $20k of categorical spends
- 1% cashback on all other eligible card purchases
CIBC Dividend® Visa* Card Cash Back Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Groceries
$64.5
Gas, Transportation, Food and drinks, recurring transactions
$88.27
All other purchases
$55
Net Annual Rewards
$207.78
Rewards Summary
Net Annual Rewards
$207.78
First Year Card Bonus
$0
First Year Card Value
$207.78
Insurance & Benefits
Insurance
Coverage
Travel Accident
$500,000
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
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Gas Discount
save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
Car Rental Discount
Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.
Pros & Cons
Pros
- No Annual Fee: This card comes with no annual fee, which is a major plus for those looking for a basic cashback card without extra costs.
- 2% Cash Back on Groceries: Earn 2% cash back on grocery purchases, which is higher than the standard rate for no-fee cards.
- Fuel Savings: Save up to 10 cents per litre on gas when you use the card at Journie Rewards gas stations.
- Redeem Cash Back on Demand: Flexibility to redeem cash back any time you have at least $25.
Cons
- Low Base Earn Rate: The base earn rate of 0.5% cash back on all other purchases is quite low compared to other cashback cards.
- Limited Insurance Coverage: The card offers basic insurance benefits, but it lacks the more comprehensive travel and purchase protection available with premium cards.