$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
The lower interest rate on purchases helps if you need to finance a purchase in manageable terms.
It's a solid choice to keep open as a free primary or backup credit card while supporting your credit history.
| Category | Rate |
|---|---|
| Groceries | 2% |
| Gas | 1% |
| Dining | 1% |
| Everything Else | 0.5% |
You'll want to prioritize this card for groceries and gas to maximize rewards, since the elevated rates on these categories significantly outpace the baseline—but the recurring bill payment bonus is an underrated feature that lets you earn on expenses you'd pay anyway.
Extended warranty
Purchase ProtectionThe CIBC Dividend® Visa* Card comes with a limited set of perks, which is typical for cash back credit cards.
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)
If you frequently make higher-value purchases, the purchase protection window is notably short—plan accordingly and file claims promptly within that 90-day window.
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Last updated: August 5, 2025