The CIBC Dividend Platinum^® Visa^* Card is a mid-tier cash back offering from CIBC, offering a solid 3% return on gas, groceries, and electric vehicle charging.†

Bonuses & Fees

Currently the welcome bonus on the CIBC Dividend Platinum^® Visa^* Card is 10% cash back for the first four statements on net purchases of up to $3,000†^†

The annual fee of $99 is rebated in the first year† with the current offer.

Supplementary cardholders come at a cost of $30 apiece, with the first three rebated in the first year of card membership.†

Earning Rewards

The CIBC Dividend Platinum^® Visa^* Card offers the following earning rates:

• 3% cash back on eligible gas, EV charging, and grocery purchases†
• 2% cash back on eligible transportation, dining purchases, and recurring payments†
• 1% cash back on all other eligible purchases†

Indeed, These are some of the most useful categories for bonus rewards, since they apply to a good portion of many Canadians’ everyday purchases.. Between this one and the higher-tier CIBC Dividend® Visa Infinite* Card, the major difference is that the Visa Infinite variant offers a higher 4% back on eligible gas, EV charging, and grocery purchases† compared to the CIBC Dividend Platinum^® Visa^* Card. Depending on how much you spend on groceries per year, it's worth considering the Visa Infinite card if you're eligible, which has a marginally higher annual fee of $120.† Still, the overall mix of bonus categories on the CIBC Dividend Platinum^® Visa^* Card is quite diverse, making this a competitive card in the cash back market.

Redeeming Rewards

With CIBC's cash back cards, the primary cardholder may redeem cash back at any time during the year, provided they have a minimum cash back balance of $25 at the time the redemption request is made.² That's a relatively flexible policy compared to other cash back credit cards on the market, some of which only allow you to claim your cash back earnings once a year.

Perks & Benefits

As is typical for credit cards that earn cash back instead of travel rewards, the CIBC Dividend Platinum^® Visa^* Card comes with a limited set of perks. As a cardholder, you have the ability to save up to 10 cents per litre^† at participating Chevron, Ultramar, Pioneer, and Fas Gas gas stations^† when you link your card with the Journie Rewards gas loyalty program.^†

Insurance Coverage

The card also boasts $500,000 of Common Carrier Accident insurance, as well as car rental theft/damage insurance on vehicles up to $65,000 MSRP.†

In addition, it offers extended warranty (doubling the manufacturer's standard warranty, up to one additional year) and purchase protection (against accidental damage or theft within 90 days).†