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CIBC Dividend Visa Card
cash-back3.4 / 5

CIBC Dividend Visa Card

CIBC · Visa

Best for

No-fee shoppers whose spending is concentrated on groceries.

Apply on CIBC
Annual fee
None
FX fee
2.5%
Purchase APR
21.99%
Income req.
$15,000 household
Recommended credit score
640+
Approval difficulty
Moderate approval

VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

A dependable no-fee cash back card anchored by 2% on groceries; fine as a starter or backup card, but heavy spenders will do better paying for the Infinite.

Reward rates

Groceries
2%
Gas & EV charging
1%
Transportation
1%
Dining
1%
Recurring payments
1%
Everything else
0.5%

Pros

  • Solid no-fee grocery rate
  • Simple, flexible cash back redemption

Cons

  • 0.5% base rate is weak
  • Virtually no insurance coverage

Perks

  • 2% cash back on groceries with no annual fee
  • No limit on total cash back; redeem from $10 anytime
  • Up to 10 cents off per litre with Journie Rewards
  • Free Skip+ membership when linked
  • Up to 3 additional cards at no cost

Insurance

  • Purchase security and extended protection

Frequently asked questions

Is the CIBC Dividend Visa Card worth it?

It has no annual fee, and we rate it 3.4 out of 5. It's best suited to no-fee shoppers whose spending is concentrated on groceries. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.

What does the CIBC Dividend Visa Card earn?

It earns 2% on groceries, 1% on gas & ev charging and 1% on transportation.

What credit score do you need for the CIBC Dividend Visa Card?

We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. It also lists an income requirement of $15,000 household. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed June 2026 · How we research

Cite this page

“CIBC Dividend Visa Card Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/cibc-dividend-visa, updated June 2026.

Sources
  • CIBC cardholder agreement and rates & fees disclosure
  • VaultNerd cards database