$0
Annual fee
Last updated: August 5, 2025
The CIBC Dividend® Visa* Card is an excellent card for students, newcomers to Canada, or individuals with new or recovering credit files who want to build a strong relationship with CIBC while earning consistent cash back.
Annual Fee
Free
Additional Card
Free
Without a fee or bonus to weigh, this card sidesteps the usual first-year value calculus entirely – you're committing to a long-term earning tool, not chasing a signup windfall.
| Category | Rate |
|---|---|
| Groceries | 2% |
| Gas | 1% |
| Dining | 1% |
| Everything Else | 0.5% |
Beyond groceries, the earning rates trail stronger alternatives – but the ability to earn on recurring bills is a genuine differentiator that turns fixed monthly expenses into passive rewards without any effort.
Redeem as statement credit anytime – no minimum thresholds, no waiting periods, and no transfer partners to evaluate. Your cash back value is locked in at earn time, so there's no strategic advantage to holding rewards.
Extended warranty
Purchase ProtectionExtended warranty adds a year of coverage on electronics and appliances, but that's where the perks stop – no mobile device insurance, no travel medical, no purchase protection. If insurance matters, you'll need another card in your wallet.
Underwritten by Belair Insurance Company Inc.
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | Not included | — |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car (CDW/LDW) | Not included | — |
| Purchase Protection | $60,000/year | 90-day coverage |
| Extended Warranty | +1 year | — |
View Certificate of Insurance (PDF)
Shopping-only coverage with no travel insurance means you'll need another card for trip bookings – standard for cash-back cards, but plan your wallet stack accordingly.
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Last updated: August 5, 2025