Up to 2% cash back 
$0 Annual fee 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.
Bonuses & Fees
Currently there is no welcome bonus with the CIBC Dividend® Visa* Card.
The lower interest rate on purchases may come in handy, in case you have an impending purchase that you’ll need to finance in more manageable terms.
Moreover, the card has no annual fee for both the primary cardholder and any supplementary cardholders.†
It’s a solid choice to keep open as a free primary or backup credit card, all while supporting the longevity of your credit history.
Earning Rewards
The CIBC Dividend® Visa* Card offers the following earning rates:
- 2% cash back on eligible grocery purchases†
- 1% cash back on eligible gas, EV charging, transportation, dining purchases, and recurring bill payments†
- 0.5% cash back on all other eligible purchases†
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.
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® 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 CIBC Dividend® Visa Card* offers extended warranty, which doubles the manufacturer’s warranty for up to one additional year, and purchase protection against accidental damage or theft within 90 days of purchase.†