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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% 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
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