Annual fee
CA$99
Rewards rate
2%-0%
Welcome Bonus
CA$600
Apply Now →on CIBC's website
- 2%Cash back on groceries
- 1%Cash back on all other purchases
Welcome Bonus:
Bundled welcome bonuses up to $600.
Reward Rate:
Earn 2% cash back on groceries and 1% on all other purchases.
A key differentiator for the CIBC Dividend Platinum Visa is its strong cash back rewards on grocery purchases, making it ideal for those who spend significantly in this category. Coupled with a substantial welcome bonus, it provides newcomers with a robust option for building their credit while earning rewards.
Pros:
- High cash back on groceries
- Bundled welcome bonuses
Cons:
- Annual fee applies after the first two years
- Higher interest rates
The CIBC Dividend Platinum Visa is well-suited for individuals who frequently spend on groceries and are looking to maximize their cash back rewards in this category. With its annual fee and robust welcome bonus, this card can be a compelling choice for those aiming to earn rewards while managing everyday expenses.