CIBC Dividend Visa
Broad category coverage across groceries, gas, and dining, with no annual fee to offset it.
Groceries earn 2% back with the CIBC Dividend Visa, and the card carries no annual fee.
Think of it as a no-cost, bank-issued card for people whose monthly budget is dominated by supermarket trips, fuel and regular payments.
Three things define it: a $0 annual fee, a 2% grocery rate and no cap on cash back earned.
Why is the CIBC Dividend Visa worth it?
Rewards cards usually force a choice between a simple flat rate and a layered category plan. This one is the layered kind, and its worth comes down to how much of your spending lands in CIBC’s bonus categories versus the 0.5% default.
Advantages
- The annual fee is $0, and up to three additional cards are also free
- Groceries earn 2%, the best rate on the card
- A 1% tier covers gas, EV charging, transportation, dining, recurring payments and eligible travel booked through CIBC by Expedia
- CIBC does not limit total cash back earnings
- Linking Journie Rewards can take up to 10 cents off each litre at participating gas stations
- Perks listed by CIBC include a Skip+ membership, Avis and Budget discounts, and purchase and extended warranty coverage
Disadvantages
- Anything outside the bonus categories earns just 0.5%
- You need at least $15,000 in annual household income and a minimum credit limit applies
- The card page shows no sign-up offer
- No purchase interest rate appears on the card page, so confirm it with CIBC first
Important notice: this content is informational and based on official sources. We do not act as a financial intermediary.
Inside the CIBC Dividend Visa
CIBC issues this card on Visa. It is the fee-free member of the Dividend range; the Infinite version above it charges an annual fee.
Because the earning rate depends on the merchant category, your results will track your own spending mix closely. Someone who shops for groceries on this card and nothing else will see a very different return from someone who uses it only for occasional purchases.
Key information
- Issuer: CIBC
- Network: Visa
- Annual fee: $0 (also $0 for up to 3 additional cards)
- Rewards: 2% groceries, 1% on gas, EV charging, transportation, dining, recurring payments and CIBC by Expedia travel, 0.5% elsewhere
- Cap on earnings: none
- Income requirement: $15,000 minimum annual household income
- Sign-up bonus: none listed
Last updated: 01/10/2026
Digital platform: CIBC Mobile Banking App
Account access is built around the CIBC Mobile Banking App. CIBC also notes on the card page that international money transfers to 120+ countries carry no transfer fee, which is useful if you regularly send money abroad.
Who is the CIBC Dividend Visa ideal for?
It is a good match for anyone who buys most food at the supermarket, fills up a car or charges an EV often, and wants a major-bank card without a yearly fee.
People who spend mostly on categories CIBC does not list, or who prefer a higher flat rate on everything, may find the base rate underwhelming. Applicants below the stated income minimum will not qualify.
Common questions
What is the cash back on groceries?
The card pays 2% on groceries.
Do additional cardholders cost extra?
CIBC charges $0 annual fee for up to three additional cards.
Which network does the card use?
It is a Visa card issued by CIBC.
Is the CIBC Dividend Visa a good option?
If groceries and everyday bills make up the bulk of your card spending, the CIBC Dividend Visa offers solid, uncapped earning for no fee. If your spending is scattered or you want a welcome bonus, other cards may suit you better.
Open the details page to see how applying works and how to contact CIBC.
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