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 a total of up to a total of $300 cash back on $3,000 spent for the first four statements.^†

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.†

This is a digital-exclusive offer.†

To be eligible for this offer, it must have been directly communicated from CIBC or from a partner/affiliate, and you must apply for the eligible card through the link provided by CIBC or the partner/affiliate.†

CIBC may approve your application, but you are not eligible to receive this offer if you have opened, transferred, or cancelled another eligible Dividend card within the last 12 months.†

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).†