Skip to content
Mr. Loonie
CIBC Dividend Platinum® Visa Card

CIBC Dividend Platinum® Visa Card

7.2
Good
Expert Score · 5 reviews How we score

Best for: Grocery and gas spenders who want cash back without a high income requirement

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$690
Every year after
$591

Ranked #51 of 176 for year one. See the list

See how we worked it out
Annual fee
$0 first year
Then $99 a year
Apply now on CIBC’s site (opens in a new tab)
Needs $15,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from CIBC’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Can I get it? Fees Similar cards
3 quick questions

Is it for me?

Do you spend $300 or more a month on groceries and gas?

Is your household income $15,000 or more?

Do you pay your card off in full most months?

Answer the 3 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 3% back on groceries and gas
  • Good: No fee in the first year Then $99 a year.

Watch for

  • Watch for: $99 a year from year two You need about $300 a month on groceries and gas to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $288
    3% back $800 a month · $288 a year
  • Restaurants $60
    2% back $250 a month · $60 a year
  • Gas $90
    3% back $250 a month · $90 a year
  • Recurring bills $60
    2% back $250 a month · $60 a year
  • Travel $36
    2% back $150 a month · $36 a year
  • Everything else $78
    1% back $650 a month · $78 a year
  • Foreign currency $18
    1% back $150 a month · $18 a year
For you Year one Later years
Cash back you earn $630 $630
Welcome offerYour spending wouldn’t reach it $0 $0
Annual fee $0 −$99
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $690 $591

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Groceries
3% back
Gas
3% back Including EV charging
Restaurants
2% back
Transit
2% back On payments made for recurring payments
Recurring bills
2% back
Travel
2% back Booked through CIBC by Expedia
Everything else (base rate)
1% back
  • 2% cash back on transportation
  • The 3% and 2% cash-back offers are only available on the first $80,000 in net annual card purchases, meaning all card purchases by all cardholders, at any type of merchant, or $20,000 on grocery stores, supermarkets, gas service stations and automated fuel-dispensers, commuter transportation, eating and drinking places and restaurants, or on recurring payments on your account, whichever comes first

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Household income $15,000 or more Issuer says
  • Newcomer program CIBC newcomer offer No credit history or security deposit needed. Limit up to $15,000 on your first card when you bank with CIBC. Apply in a branch with your immigration documents.
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.2
Good
Expert Score How we score
  • Money.ca (opens in a new tab) Apr 2025
    6

    “The CIBC Dividend Platinum® Visa* Card is a pretty solid choice for a cash-back card. The 3% cash back on eligible gas, electric vehicle charging, and groceries† is its big draw, as gas and groceries are two major budgetary expenditures for most Canadians.”

  • Rewards Canada (opens in a new tab) Mar 2024

    “The CIBC Dividend Platinum Visa Card is a decent mid-level cash back rewards card that is perfect for those who do not have the income level to apply for an Infinite Card. The valuable welcome bonus offer coupled with strong accelerated earn rates make it an excellent choice for a cash back card in your wallet. If you can take advantage of the Journie Rewards and More Rewards benefits the card gets even better. If you want simplicity and ease of use in a cash back card that provides good returns on gas and groceries you should consider the CIBC Dividend Platinum Visa Card”

  • Yore Oyster (opens in a new tab) Jan 2023

    “The CIBC Dividend Platinum Visa is not worth it. It may be worth it for its higher cash back earn rate of up to 3%, but the CIBC Dividend Visa Card is more worth it since it has similar features to the Platinum Visa and does not have any annual fees. It also has the same security features and offers insurance benefits for purchases, travel accidents, and an extended warranty.”

  • WealthAwesome (opens in a new tab) Jul 2022
    7.5

    “It has a high-earning flat-rate cashback reward of up to a remarkable 4% on your purchases with the card. Of course, it comes with a few conditions, and the cashback is not always 4%. But there seem to be more positives about this card than the negatives that I could find. There is no cap on how much cashback you can earn through this card. The annual fee is $99 per year, but the first year is rebated.”

  • Finder (opens in a new tab) Jan 2021

    “The CIBC Dividend Platinum Visa Card offers a competitive return on cash back for gas and groceries as well as a higher return on transportation, dining and recurring payments. It also comes with a generous welcome bonus, basic insurance and limited travel coverage for a reasonable annual fee, which is waived in the first year.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Identity Theft Assistance
  • Emergency Card Replacement
  • Mobile wallets Apple Pay, Google Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read CIBC’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
$0 first year Then $99 a year
Purchase interest
21.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$30
Cash advance fee
$5.00
Balance transfer fee
3%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%
Source
Issuer page

Province differences

Quebec
Balance transfer rate: 21.99%. Cash advance rate: 21.99%. Over-limit fee: none.

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $690 year one, $591 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the CIBC Dividend Platinum® Visa Card?

$0 the first year, then $99 a year. Each extra card costs $30.

What income do I need?

CIBC asks for $15,000 in household income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$690
year one for you
Apply now on CIBC’s site (opens in a new tab)
Compare
Compare is full