Earn up to 2% cash back with the CIBC Dividend Visa card, for no annual fee. Plus get 3 types of insurance included for no extra cost.

Annual Fee
Extra Card Fee
Card Type
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $100,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

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Our Review

A no fee, cash back credit card with bonus rewards on groceries, the CIBC Dividend Visa provides cash back rewards on every purchase. But like most things, it's far from perfect.

Here's a lowdown on this card, and a few alternatives to consider.

Earning cash back rewards with the CIBC Dividend Visa

So what will you earn for cash back?

You can earn up to 2% cash back on your purchases:

  • 2% cash back on groceries, up to $6,000 spent annually (1% after), and
  • 0.5% on all other purchases, which increases to 1% after spending $6,000 (excluding groceries).

Spend $6,000 on groceries, and that's $120 in cash back you've earned for no annual fee.

However, on the rest of your spending, you're only looking at 0.5% on that first $6,000 in spend. Thankfully, the earn rate increases to 1% after that, which is a good flat rate for a no fee card.

You'll get your cash back to you every year as a statement credit in December.

Other features of the CIBC Dividend Visa

Besides cash back, what else does this credit card provide?

The only other benefits this card offers are 3 insurance coverages:

  • travel accident,
  • extended warranty, and
  • purchase protection.

The full coverage amounts can be viewed in the insurance tab located above.

Other than that, there are no other benefits provided with this card. But since it has no annual fee, that's not really surprising. You tend to get what you pay for when it comes to credit cards.

2 credit card alternatives

Looking for something different? Here are 2 other no fee cash back credit cards to consider. They could also work as a companion to your CIBC Dividend Visa as well.

The first is the . You'll earn unlimited 2% cash back on up to 3 categories of your choosing, groceries being one of them. You still earn 0.5% cash back on all other purchases.

Why it makes a great pairing: Use the CIBC Dividend Visa for 2% cash back on groceries, and pick up to 3 other categories to earn 2% cash back as well. That's a total of 4 categories with 2% cash back for no annual fee.

Another alternative is the . You'll earn a straightforward 1% back on all purchases, with no categories or tiers to worry about. Plus, you can earn bonus rewards when you shop with Brim's 150+ retail partners. And it also has no foreign exchange fees.

Why it makes a great pairing: You'll supplement the CIBC Dividend's base earn rate of 0.5% with a full 1% cash back, while also getting no foreign transaction fees.

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