CIBC Dividend® Visa* Card Review
The CIBC Dividend Visa Card offers decent grocery optimization, alongside fuel and car rental discounts.
Sep 23, 2026 3:14 PM
The Bottom Line
This Card might seem tempting at first, but there are better cash back credit cards in Canada with superior optimization and coverage, also for no annual fee.
Skip to: Detailed Review
on CIBC's website
RECOMMENDED CREDIT SCORE
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
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.
Eligibility
Credit Score
GoodAnnual Income
$15,000 household
Card Details
Interest Rates
Purchase APR
20.99%
Cash Advance APR
22.99%□
Balance Transfer APR
22.99%
Fees
Annual Fee
$0
Additional Cards
$0 up to 3 additional cards
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
$15,000
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Decent grocery earnings
- Fuel savings
- Car rental discounts
- On-demand redemptions
Cons
- Low base earn rate
- Limited insurance coverage
Our Detailed Review
How to Earn Rewards with the CIBC Dividend Visa Card
The CIBC Dividend Visa Card earns you decent cash back on everyday expenses.
Cardholders can expect:
- 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
How to Redeem Rewards with the CIBC Dividend Visa Card
Once you earn at least $10 in cash back, you can redeem your earnings any time through CIBC Online Banking or the CIBC Mobile Banking App.
Benefits and Perks
5 Benefits of the CIBC Dividend Visa Card
There are a few benefits that might make the CIBC Dividend Visa Card one of the best CIBC credit cards in Canada.
For starters, the CIBC Dividend Visa Card avoids annual fees, making it extremely appealing to budget-conscious applicants.
With the CIBC Dividend Visa Card, cardholders collect the most cash back on grocery purchases, which is arguably the most common expense Canadians have.
Cardholders also save on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations. Simply link your CIBC Dividend Visa Card with Journie Rewards to qualify
Need a set of rented wheels? The CIBC Dividend Visa Card unlocks discounts off base rates at participating Avis and Budget locations across the globe. All you have to do is pay using your CIBC Dividend Visa Card.
Luckily, once you've earn at least $10, you can cash in your cash back at any time.
Drawbacks and Considerations
2 Downsides to the CIBC Dividend Visa Card
There are also a couple of drawbacks to consider.
Unfortunately, purchases outside of groceries, eligible gas, electric vehicle charging, transportation, dining, and recurring payments earn a below-average cash back rate.
There are other no-fee credit cards in Canada that boast better insurance coverage. See more details in our comparison section.
Compare to Similar Cards
In this section, we're going to compare the CIBC Dividend Visa Card against top no-fee cash back credit cards in Canada.
Rogers Bank
4.5
Tangerine
4.4
Simplii Financial™
4.3
American Express
3.8
Annual Fee
$0
$0
$0
$0
$0
Interest Rates
Purchase
20.99%
Cash advance
22.99%
21.99%
Balance transfer
22.99%
Purchase
21.99% - 25.99%*
Cash advance
22.99% - 27.99%*
Balance transfer
22.99% - 27.99%*
Rate details
Purchase
20.95%*
Cash advance
22.95%*
Balance transfer
22.95%*
Rate details
Purchase
20.99%*
Cash advance
22.99%*
Balance transfer
22.99%*
Rate details
Purchase
21.99%*
Cash advance
21.99%*
Rate details
Welcome Bonus
—
Welcome Bonus varies
10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months
20% cashback† up to $500 in spending
Up to $100 in Statement Credits
Rewards
$212.67
First year rewards
$360
First year rewards
$382.86
First year rewards
$438.18
First year rewards
$409.2
First year rewards
on Rogers Bank's website
on Tangerine's website
on Simplii Financial™'s website
on American Express' website
Apply with Confidence — won't impact your credit score
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
CIBC Dividend Visa Card vs Rogers Red World Elite Mastercard
Recognized as one of the best cash back credit cards in Canada, the Rogers Red World Elite Mastercard earns impressive cash back on eligible U.S. dollar purchases, plus solid cash back on all other purchases, especially if you have a qualifying Rogers, Fido, Shaw, or Comwave service. This card also comes with valuable insurance coverage like trip interruption insurance, trip cancellation insurance, and travel medical insurance. For perks, expect an airport lounge Dragon Pass membership and 5 Roam Like Home days with an eligible Rogers mobile plan. The catch? Applicants need to meet some hefty annual income requirements to qualify. High reward opportunities are also capped annually.
Verdict: The Rogers Red World Elite Mastercard has the potential to earn qualifying customers some of the highest cash back rates on all purchases, plus it includes rare coverage for a no-fee card.
CIBC Dividend Visa Card vs Tangerine Money-Back Mastercard
The Tangerine Money-Back Mastercard, one of the best credit cards in Canada, offers a customizable way to collect cash back. Cardholders can select two earn categories out of the 13 offered by Tangerine, plus a third when they deposit their earnings into a Tangerine Savings Account. Unfortunately, the coverage on this card is even less impressive, offering only extended warranty and purchases protection insurance. The card also lacks any added benefits.
Verdict: The Tangerine Money-Back Mastercard is one of the most customizable no-fee cash back credit cards in Canada, but it lacks extensive coverage and perks.
CIBC Dividend Visa Card vs Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa Card is one of the best dining credit cards in Canada, offering high cash back on eligible restaurant, bar, and coffee shop purchases. The card also optimizes gas, groceries, drugstore, and pre-authorized payments. Note that the grocery rate is slight lower. The coverage is also basic and there are no added perks.
Verdict: The Simplii Financial Cash Back Visa Card is much more for valuable if you want to optimize dining expenses.
CIBC Dividend Visa Card vs SimplyCash Card from American Express
The SimplyCash Card from American Express offers similar cash back rates on eligible gas and groceries, plus an above-average base earn rate on all other eligible purchases. It offers the same coverage categories as the CIBC Dividend Visa Card, but its travel accident insurance is less valuable. In terms of perks, cardholders unlock American Express Experiences. One of the best parts about this card is that it avoids annual income requirements.
Verdict: The SimplyCash Card from American Express is more accessible and valuable overall.
Frequently Asked Questions
The CIBC Dividend Visa Card stands out for its grocery optimization and slightly beyond basic coverage.
Yes. The CIBC Dividend Visa Card comes with a small household annual income requirement of $15,000.
The CIBC Dividend Visa Card offers basic purchase protection and extended warranty insurance, plus travel accident insurance.
No. Currently, the CIBC Dividend Visa Card does not have a welcome bonus.
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CIBC Dividend® Visa* Card
2.6
FinlyWealth Rating
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