Annual fee
CA$0
Rewards rate
2%-1%
Welcome Bonus
5%
Apply Now →on CIBC's website
- 2%Cash back on eligible groceries
- 1%Cash back on all other purchases
Welcome Bonus:
Get 5% cash back for the first 4 statements on net purchases of up to $2000.
Reward Rate:
Earn 2% cash back on eligible groceries and 1% cash back on other purchases.
The standout feature here is the CIBC Dividend Visa Card's ability to provide 2% cash back on groceries, making it an excellent option for everyday spending without the burden of an annual fee.
Pros:
- No annual fee
- Good cash back on groceries
Cons:
- Higher interest rates
- Limited to specific categories
The CIBC Dividend Visa Card is particularly suitable for consumers who prioritize cash back rewards on everyday purchases, especially groceries, and prefer a no-annual-fee structure. Its competitive reward rate and welcome bonus make it a practical choice for budget-conscious individuals looking to maximize their cash back potential without incurring additional costs.