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2.6
/5
CIBC
Visa
CIBC Dividend® Visa* CardCash Back Calculator
Our Take
The CIBC Dividend® Visa Card* is a solid option for those looking for a no-fee credit card with decent rewards, particularly for groceries. However, the lower base earn rate and limited insurance benefits make it less competitive for general spending or travel protection compared to other options.
Card Details
Interest Rates
Purchase: 20.99%
Cash Advance: 22.99%□
Balance Transfer: 22.99%
□ Cash advance rate for Quebec residents is 21.99%
Annual Fees
Main Card: $0
Additional Cards: $0 up to 3 additional cards
Annual Income
Personal: N/A
Household: $15,000
Credit Score Estimate
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Credit
Our Rating
2.6/5
Institution
CIBC
How You Earn Rewards
- 2% cash back on groceries if they are in the first $80k transactions of the year and $20k of categorical spends3
- 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 spends3
- 0.5% cash back on all other eligible card purchases3
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
3 insurance
2 benefits
Insurance
Coverage
Common Carrier Travel Accident Insurance
$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
- Decent grocery earnings
- Fuel savings
- Car rental discounts
- On-demand redemptions
Cons
- Low base earn rate
- Limited insurance coverage
Legal
3 Earn 2% cash back on purchases (less returns) at merchants classified by the credit card network as grocery stores and supermarkets. Earn 1% cash back on purchases (less returns) at merchants classified by the credit card network as (i) gas service stations, automated fuel dispensers, and electric vehicle charging with a merchant category code of MCC 5552 (ii) local and suburban commuter transportation in Canada including subway, streetcar, taxi, limousine and ride sharing services (excludes merchants that may be classified as travel services or travel bookings such as air transport, car rentals and cruises), (iii) eating places and restaurants, drinking places and fast food restaurants, (iv) recurring payments that are pre-authorized with a merchant to occur on a regular schedule (e.g. daily, monthly or annually) and classified by the merchant as recurring or (v) eligible purchases made through CIBC by Expedia excluding taxes, insurance, service charges or similar items. All other purchases earn 0.5% cash back. The 2% and 1% cash offers (other than the 1% cash back for eligible purchases through CIBC by Expedia) are available on the first $30,000 in net annual card purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 in net annual card purchases on grocery stores, supermarkets, gas, service stations and automated fuel dispensers, merchants classified as electric vehicle charging with a merchant category code of MCC 5552, commuter transportation, eating and drinking places and restaurants or on recurring payments; after that, net card purchases at all merchants, including grocery stores, supermarkets, gas, service stations and automated fuel dispensers, merchants classified as electric vehicle charging with a merchant category code of MCC 5552, commuter transportation, eating and drinking places and restaurants or on recurring payments will earn cash back at the regular rate of 0.5%. The $30,000 limit and the $20,000 limit will reset to zeros after your December Statement Date. Terms, conditions and eligible merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, CIBC Global Money Transfers™, interest, fees, balance transfers, payments and CIBC Convenience Cheques. Credits for returns made on your account may result in a deduction of cash back at a higher earn rate, even though the return may relate to a purchase that earned cash back at a lower rate.