Pros & cons
Pros
- 10% cash back for the first 4 months, up to $2,000 in spend
- 3% cash back on gas and groceries.
- 2% cash back restaurants, transportation, and bill payments.
- Save up to 10 cents per litre on fuel at Journie Rewards gas stations.
- Redeem cash back on demand.
Cons
- Lower insurance coverage compared to similar credit cards.
Your rewards
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 10% in your first 4 months on up to $2,000 in spending which translates to an estimated $168.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With CIBC Dividend Platinum Visa Card, here's how you earn rewards:
- 3% cash back on eligible gas , EV charging , and groceries
- 2% cash back on eligible restaurants , transportation , and recurring bills
- 1% cash back on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For CIBC Dividend Platinum Visa Card in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $390 |
Calculating your annual rewards
$24,000 annual spending x 1.63% return on spending = $390 annual rewards
$390 annual rewards − $99.00 annual fee = $291 net annual rewards
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1x Award Winner
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- $15,000
- Annual Fee
- $99.00
- Extra Card Fee
- $30
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance Δ
- 22.99%
- Balance Transfer Δ
- 22.99%
Insurance coverage
- 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, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
CIBC Dividend Platinum Visa Card's 3.0 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Visa
GC: $150
CIBC Dividend Visa Platinum review
For high cash back rewards coupled with a low income requirement of only $15,000 personal, the CIBC Dividend Platinum Visa fits the bill.
In fact, it's almost the same as its big brother, the
Here are all 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:
- 3% cash back on gas and groceries,
- 2% cash back dining, transportation, and recurring bills, 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 your dining, transportation, and recurring bills, all while earning 1% cash back on every other purchase.
Purchase and travel protection included
Compared to its brother, the insurance coverage is scaled back.
There are 4 types included:
- extended warranty,
- purchase protection,
- travel accident, and
- rental car theft and damage.
You can view the full details by clicking on the "Insurance Coverage" tab above.
And other than that, there are no extra benefits with this card.
Annual fee
With the high earn rate of up to 3%, the card has a lower annual fee than most other premium credit cards of only $99, that's currently rebated for the first year.
Plus, you can add up to 3 supplemental cardholders, for only $30 each. These lower fees will help keep a little more money in your pocket.
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Key benefits
† Terms and Conditions Apply. Select Apply Now to learn more. The information for the CIBC Dividend Platinum® Visa* Card has been collected independently by creditCardGenius. The card details on this page have not been reviewed or provided by the card issuer.
User reviews
Reviewed by 7 Canadians
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I believe it's a great card with no annual fee and 4% cash back for groceries & gas and 2% on other purchases. A rebate in December is always nice! Of course it has has insurance, purchase protection etc.
Well the best cards to have are actually the Savor or SavorOne cards from Capital One. They have comparable benefits, 4% on dining & entertainment with $95 annual fee but no annual fee for additional cardholders or 3% on dining & entertainment with no annual fee but cash as real cash that you can redeem at any time any time not like this CIBC and the rest of the cards where you have to wait all the way till the end of the year to get the cash rewards and only as a credit, but as usual, they are not available to Canadians. As Canadians, we always have to be stuck with either the cards with the crappy benefits or cards with some decent benefits but with hefty annual fees. It's just disappointing that we Canadians just always get the short end of the stick on everything financial, higher commission, less products available, less benefits, higher fees...
Considering the annual fee, and the very few categories where to earn 4%, and that some merchants don't accept it, it's not as good as other cards out there, eg. CapitalOne World Mastercard. I will dump it after the first year free trial.
I got this when my cibc petro-canada visa was discontinued. Already got $500 cashback after 8 months.
$99 anual fee for 4% back on food and gas. 2% telus and 1% on everthing else.
This card was a replacement for a CIBC Master Card that was discontinued. The CIBC MC was an excellent card that gave you credit towards a car purchase. These benefits are not as good, but will continue with this card for now. Currently on the lookout for alternatives.
