CIBC Dividend Visa Card for Students
CIBC
Students who want simple cash back and credit-building with no fee.
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
An excellent first card — the $125 welcome offer and 2% grocery rate are generous for a student product, and SPC+ adds everyday savings.
Reward rates
Groceries | 2% |
Gas & EV charging | 1% |
Transportation | 1% |
Dining | 1% |
Recurring payments | 1% |
Everything else | 0.5% |
Welcome bonus
Up to $125 cash back
Requirement: $25 cash back after first purchase within first 4 statements; 10% welcome bonus (up to $100) on up to $1,000 in net purchases over first 4 statements
Pros
- Real cash back welcome bonus on a student card
- SPC+ membership included free
Cons
- 0.5% base earn rate
- Minimal insurance
Perks
- No annual fee and no minimum income requirement
- Free SPC+ membership with discounts at 450+ brands
- 2% cash back on groceries
- Builds credit history for post-secondary students
- Up to 10 cents off per litre with Journie Rewards
Insurance
- Purchase security and extended protection
Researching and writing about Canadian credit cards and rewards since 2026.
“CIBC Dividend Visa Card for Students Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/cibc-dividend-visa-students, updated June 2026.
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