The CIBC Dividend Platinum Visa that lets you earn up to 4% cash back, with no limit to the amount you can earn.

Annual Fee
$99
Extra Card Fee
$30
Card Type
Credit
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Personal Income
$15,000
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Rental Car Theft & Damage Yes

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

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Our Review

For high cash back rewards, coupled with low income requirements of only $15,000 personal, the CIBC Dividend Platinum Visa fits the bill for both.

In fact, it's almost the same as its big brother, the CIBC Dividend Visa Infinite, minus a few perks.

Here are the details of this card.

Earning cash back with the CIBC Dividend Platinum Visa

This card has some great earn rates, for a lower annual fee of $99.

You'll earn:

  • 4% cash back on gas and groceries,
  • 2% cash back on Tim Hortons and TELUS purchases, and
  • 1% cash back on all other purchases.

For the gas and grocery spender, you're looking at some high earn rates on those categories. A mere combined spend of $2,475 annually on groceries and gas covers the $99 annual fee.

Plus you can earn 2% on those Tims runs and Telus bills, all while earning 1% cash back on every other purchase.

You'll see your cash back rewards applied as a statement credit every December.

Purchase and travel protection included

Compared to its brother, the insurance coverage is quite scaled back.

There are 4 types included:

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

You can view the full details by clicking on the insurance tab above.

And other than that, there are no extra benefits with this card.

Other cash back credit cards to consider

There are some great earn rates attached to this card. However, unless you have some major bills with Telus or frequently visit Tim Hortons, the 2% cash back categories won't be of much use to you.

Here are 2 other cards to keep in mind. Just note that both have a higher annual fee of $120 and income requirements of either $60K personal or $100K household.

Our top rated cash back credit card, the , is a great alternative.

You'll earn cash back on a wider variety of categories:

  • 4% cash back on groceries and recurring bills,
  • 2% cash back on gas and transit, and
  • 1% cash back on everything else.

It also has better insurance coverage, as well as Visa Infinite benefits.

Our other top recommendation is the .

With this card you'll earn:

  • 3% cash back on gas, groceries, and recurring bills, and
  • 1% cash back on all other purchases.

While the gas earn rate is lower, this is (more than) made up for by the fact it also includes free roadside assistance, saving you the cost of a CAA membership.

What are your thoughts?

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