CIBC Dividend Visa Card Review
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
19.99%
Purchase Interest Rate
$15,000
Min Personal Required
CIBC Dividend Visa Card
My Rate Compass Rating: star star star_outline star_outline star_outline (2.1)
Bank Name:CIBC
Network Type:VISA
CIBC Dividend Visa Card
Welcome Bonus
Annual Fee
$0
CIBC Dividend Visa Card
Card Details

CIBC Dividend® Visa* Card review


2% cashback on grocery store purchases

Get up to 1% cash back on everything else

Earn maximum rewards

No limit on the total cash back you can earn

Extra protection on new purchases

Double the manufacturer's original warranty up to one year on most of your purchases

Annual fee: $0

Each additional card (up to 3): $0

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
Personal Income Required: $15000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star_outline star_outline star_outline (2.1)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

100,000 Common Carrier Accident Insurance

Purchase Security and Extended Protection Insurance

Earn maximum rewards

No limit on the total cash back you can earn1

Extra protection on new purchases

Double the manufacturer's original warranty up to one year on most of your purchases

Editor's Review

The CIBC Dividend® Visa* Card is a very good credit card for people who want to capitalize on benefits and get a solid cash back bonus without having to pay a yearly fee. This card can also be acquired by anyone since it requires a minimum of $15k per household.

 

Low-income families could definitely use this card to get 2% cashback on all their purchases and 1% on everything else. Best of all, there is no limit at how much they can earn. With a decent return on cash spends, basic travel insurance and optional medical insurance for free, the CIBC Dividend® Visa* Card is definitely a very appealing option for most Canadians.

 

If you're looking for an affordable credit card that gives you extra cashback for groceries, comes for free, and also gives you certain travel perks, then this CIBC card might be exactly what you need. You can even qualify for a 5% cashback if you add a recurring bill to your account.