Daniela Hanna
The CIBC Dividend® Visa Card is a simple, reliable no-fee credit card that helps you earn steady cash back on everyday spending. You’ll earn up to 2% on groceries and 1% on recurring payments, with no annual fee.
Quick highlights
- 🛒 2% cash back on groceries and 1% on recurring bill payments.
- 💵 0.5% cash back on all other purchases.
- 💳 No annual fee for primary or additional cards.
- 📱 Manage your spending easily with CIBC Mobile Banking and alerts.
Why we like the CIBC Dividend® Visa Card
This no-fee cash-back card is great for Canadians who want consistent rewards on groceries and bills. It’s straightforward, low-maintenance, and comes from a trusted big-five bank.
Stand-out features
- ✅ 2% cash back on groceries and 1% on recurring bill payments.
- ✅ No annual fee.
- ✅ Automatic cash-back redemption once per year.
- ✅ Access CIBC Mobile Banking tools for spend tracking.
Good to know
- ⚠️ 2% grocery rate applies only at eligible merchants.
- ⚠️ Rewards paid annually (December).
- ⚠️ Standard interest rates apply if you carry a balance.
Pros
- No annual fee.
- Strong grocery earn rate (2%).
- Includes 1% on recurring payments.
- Cash back is simple to redeem automatically.
- Available to new credit users and families.
Cons
- Limited bonus categories beyond groceries and bills.
- Cash back is credited once per year only.
- No travel insurance or premium perks.
Rewards program
- 🥕 2% cash back on groceries.
- 📱 1% cash back on recurring bill payments.
- 💵 0.5% cash back on all other eligible purchases.
How to maximize rewards
- Use it for grocery shopping and recurring bills to get the top earn rates.
- Set up pre-authorized payments for phone, internet, and streaming services.
- Pair it with a travel or dining card to cover other categories.
- Keep your account in good standing to ensure full cash-back payout.
Insurance & benefits
Included
- 🛍️ Purchase Security — covers theft or damage for 90 days.
- 🕒 Extended Warranty — doubles manufacturer’s warranty up to one year.
- 💳 Visa Zero Liability protection.
Not included
- ❌ No travel insurance or rental coverage.
- ❌ No mobile device insurance.
- ❌ No medical or trip interruption benefits.
Rates & fees
| Annual fee | $0 |
|---|---|
| Purchase APR | 20.99% |
| Cash advance APR | 22.99% |
| Foreign transaction fee | 2.5% |
| Grace period | 21 days on new purchases |
Best for
- 🍎 Families and grocery shoppers.
- 💸 Canadians wanting a no-fee, reliable cash-back card.
- 🧾 Users who pay off their balance monthly.
Where it falls short
- No travel or premium benefits.
- Annual redemption timing limits flexibility.
- Foreign currency purchases include a 2.5% fee.
Customer reviews
Positive feedback
“Reliable grocery rewards with no fee — I use it every week.”
“Perfect beginner card for cash-back simplicity.”
Critiques
“Wish the cash back paid out monthly instead of yearly.”
“Could use more bonus categories.”
Community insights
Among Canadian users, the CIBC Dividend® Visa Card is known as a reliable, no-fuss option for groceries and bills. It’s often paired with a premium rewards card to diversify earnings.
AI review (straight talk)
This card does exactly what it promises: solid grocery and bill cash back with no annual fee. If you prefer simplicity and predictable rewards, it’s a safe long-term keeper.
Alternatives & comparison
| Card | Annual Fee | Top Categories | Other Purchases | Key Perks | Best For |
|---|---|---|---|---|---|
| CIBC Dividend® Visa Card | $0 | 2% groceries | 0.5% | Cash-back simplicity | Everyday spending |
| BMO CashBack® Mastercard® | $0 | 3% groceries | 0.5% | Flexible redemptions | Grocery spenders |
| Tangerine Money-Back Mastercard® | $0 | 2% custom categories | 0.5% | Category flexibility | Custom earners |
| RBC Cash Back Mastercard® | $0 | 2% groceries | 0.5–1% | Automatic cash back | Simple earners |
FAQ
Is there an annual fee?
No, the CIBC Dividend® Visa Card has no annual fee.
What are the cash-back rates?
Earn 2% on groceries, 1% on recurring bills, and 0.5% on all other purchases.
How is cash back paid out?
Cash back is applied automatically once a year, typically on your December statement.
Does it include travel insurance?
No, this card only includes purchase-related coverage.
Final verdict & ratings
Our take The CIBC Dividend® Visa Card offers reliable cash-back rewards without fees. It’s a great fit for families, new credit users, or anyone focused on grocery and bill payments.
| Overall | ★★★★☆ 4.2 / 5 |
|---|---|
| Rewards value | 4.3 / 5 — solid grocery and bill rates |
| Benefits & protections | 3.5 / 5 — limited but fair for a free card |
| Fees & costs | 5.0 / 5 — no annual fee |
| Ease of approval | 4.3 / 5 — accessible for most Canadians |
