cash-back3.4 / 5

CIBC Dividend Visa Card

CIBC

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

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 Information may be simplified, incomplete, or out of date.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

The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

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

Sources

CIBC cardholder agreement and rates & fees disclosure
VaultNerd cards database