CIBC Dividend Platinum Visa
Churning cardWhat the roles mean
- The welcome offer: $250 cash back and the $99 fee back in year one, on a cash-back card that needs only $15,000 household income
Welcome offer now
"Join and earn up to $300 in value including an annual fee rebate." For new cards approved beginning July 16, 2026; no end date published. Same offer footnote as the Dividend Visa Infinite.
Checked on CIBC's own page October 23, 2026. See CIBC's page
What it earns in a year
$549 back a year
After the $99 annual fee.
Based on $30,000 a year of spending ($9,600 groceries, $3,000 gas, $3,000 dining…). Welcome offer not included.
Try it with your own spending →
- Groceries (Bonus rates stop after $20,000 of spending in these categories, or $30,000 in total, a year): 3% back.
- Gas / EV (Bonus rates stop after $20,000 of spending in these categories, or $30,000 in total, a year): 3% back.
- Dining & restaurants (Bonus rates stop after $20,000 of spending in these categories, or $30,000 in total, a year): 2% back.
- Bills & subscriptions (Bonus rates stop after $20,000 of spending in these categories, or $30,000 in total, a year): 2% back.
- Travel (Travel booked through CIBC by Expedia; not subject to the cap): 2% back.
- Transit (Bonus rates stop after $20,000 of spending in these categories, or $30,000 in total, a year): 2% back.
- Everything else: 1% back.
Highlighted = use this card here.
How to apply for the CIBC Dividend Platinum Visa
Check first
- Not if you opened, transferred or cancelled another Dividend card in the last 12 months: no welcome offer
- Check you qualify No minimum income listed. You need to live in Canada and be the age of majority in your province.
- Have this ready Your address and how long you've lived there, your employer and yearly income, and your monthly rent or mortgage. Your SIN is optional for a credit card; you can leave it blank.
- Expect a credit check Applying adds a hard inquiry to your credit report, which lowers your score a little for a few months. Space applications about 90 days apart.
- Apply on CIBC's own site Apply online from the bank's product page, where the offer above is shown. This isn't an affiliate link: we earn nothing if you apply.Apply on CIBC's site →
- After you're approved Put the spending needed for the welcome offer on the card before the deadline, and pay the full balance every month.
How to use it
- Welcome offer: put your first $2,000 on it in the first 4 statements (10% = $200), and move one recurring bill to it for the extra $50
- Groceries, gas, EV charging: 3%
- Dining, transit, rideshare, recurring bills: 2%
- Travel booked through CIBC by Expedia: 2%, no cap
- Everything else: use another card. This one pays 1%
- Before year two: switch to the no-fee Dividend Visa, or keep it only if a CIBC Smart Account rebates the fee
- Example: $800/month groceries + $250/month gas at 3% + $250/month dining + $300/month bills at 2% = $510 a year, $411 after the fee
Key facts
- Annual fee
- $99
- Purchase interest
- 21.99%
- Foreign currency fee
- 2.5%
- Min. personal income
- None published
- Min. household income
- $15,000
- Rewards
- Cash back
Annual fee waiver
- CIBC Smart Account, Tier 3: full $99 back a year, plus up to $50 for each of 3 extra cards (covers the $30)
- The catch: Tier 3 needs $100,000 on average across CIBC deposits and investments
- Tier 2 ($40,000–$99,999): only $50 back, primary card only
- From January 1, 2027: the rebate is no longer automatic; Tier 3 gets it only by picking it instead of 3 CIBC Smart Benefits (Tier 2: instead of 2)
- The card must be used: at least $1 of spending in the last 12 months
From cibc.com product page, checked October 23, 2026. Not an affiliate link.
More CIBC cards
CIBC Aeroplan VisaNo annual fee
CIBC Aeroplan Visa Infinite$139 fee
CIBC Aeroplan Visa Infinite Privilege$599 fee
CIBC Aventura VisaNo annual fee
CIBC Aventura Visa Infinite$139 fee
CIBC Aventura Gold Visa$139 fee
CIBC Aventura Visa Infinite Privilege$499 fee
CIBC Dividend VisaNo annual fee
CIBC Costco MastercardNo annual fee
CIBC Dividend Visa Infinite$120 fee
CIBC Adapta MastercardNo annual fee
Best paired with
Neo World Elite Mastercard
- This card: dining & restaurants, travel, transit, drugstore / pharmacy, entertainment, everything else
- Neo World Elite Mastercard: groceries, gas / ev, bills & subscriptions
- Together: $669 a year after both fees, vs $549 with this card alone
- With this card's $99 fee rebated (see Fee waiver): $768 a year
If your stores take Amex: Scotiabank Gold Amex for groceries, gas / ev, dining & restaurants, transit, entertainment makes it $848 a year. Costco and Loblaw-banner grocers don't take Amex.
Computed on our standard household ($30,000 a year): each kind of spending goes to whichever card pays more, both fees taken off. Partners are everyday, category and churning cards on Visa or Mastercard. Points at their simplest redemption. Welcome offers not included.
Pros
- Year one: 10% back on the first $2,000 ($200) + $50 for one pre-authorized payment, fee rebated (CIBC: "up to $300 in value")
- 3% on groceries, gas and EV charging; 2% on dining, transit, rideshare and recurring bills
- Income bar is only $15,000 household
- Cash back, redeem any time from $10, never expires while the account is open
- Rental car cover pays first, without touching your own auto insurance
Cons
- $99 a year from year two, $30 per extra card (see fee waiver)
- Bonus rates stop at $20,000 of bonus-category spending or $30,000 of total spending a year, whichever comes first
- If you earn $60,000 ($100,000 household), the Dividend Visa Infinite pays 4% for $21 more
- No travel medical, trip or phone insurance
- No welcome offer if you opened, transferred or cancelled another Dividend card in the last 12 months
- Not accepted at Costco (Visa)
- 2.5% on foreign-currency purchases
Insurance included
- Rental car damage: up to 48 days, cars up to $85,000; pays first, decline the agency's cover
- Travel accident: $500,000, at least 75% of the fare on the card
- Purchases: 90 days of theft/damage cover, +1 year warranty
- Travel medical, trip cancellation, phone: none
Maximums as CIBC lists them. Conditions apply; the insurance certificate decides claims.
Perks
- Journie Rewards: up to 10¢/litre at Chevron, Ultramar, Pioneer and Fas Gas
- Skip+: free membership when you link the card, $0 delivery fees
- Avis and Budget: up to 30% off Avis, up to 35% off Budget (Pay Now)
- Disney+: 50% off Standard with Ads for 6 months
Other cards for groceries
Back a year on $9,600 of groceries, caps included. Points at best-case value. Before annual fees.
| Card | Earns on groceries | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| Amex Cobalt | 5× points≈ 10.0% in value | $960 | $192 | October 21, 2026 |
| Scotiabank Gold Amex | 6× points | $576 | $120 | November 2, 2026 |
| Neo World Elite Mastercard | 5% back | $480 | $149 | October 21, 2026 |
| National Bank World Elite Mastercard | 5× points | $480 | $150 | October 21, 2026 |
| Desjardins Cash Back World Elite Mastercard | 4% back | $384 | $100 | October 23, 2026 |
| SimplyCash Preferred | 4% back | $384 | $120 | October 21, 2026 |
| CIBC Dividend Platinum Visa | 3% back≈ 3.0% in value | $284 | $99 | October 23, 2026 |
Other cards for gas / ev
Back a year on $3,000 of gas / ev, caps included. Points at best-case value. Before annual fees.
| Card | Earns on gas / ev | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| SimplyCash Preferred | 4% back | $120 | $120 | October 21, 2026 |
| Amex Cobalt | 2× points≈ 4.0% in value | $120 | $192 | October 21, 2026 |
| Amex Gold Rewards | 2× points≈ 4.0% in value | $120 | $250 | October 21, 2026 |
| CIBC Aventura Visa Infinite Privilege | 2× points≈ 4.0% in value | $120 | $499 | October 21, 2026 |
| CIBC Dividend Visa Infinite | 4% back≈ 3.9% in value | $118 | $120 | October 21, 2026 |
| BMO eclipse Visa Infinite | 5× points≈ 3.4% in value | $101 | $120 | October 21, 2026 |
| CIBC Dividend Platinum Visa | 3% back≈ 3.0% in value | $89 | $99 | October 23, 2026 |
How the offer has changed
One row per check of CIBC's page, newest first. Old rows are never edited.
| Checked | Welcome offer | Fee, year one | Ends |
|---|---|---|---|
| October 23, 2026 | 10% cash back on first $2,000 in first 4 statements (up to $200) + $50 for one recurring bill payment in first 4 statements + first-year fee rebate ($99). "Up to $300 in value." For approvals beginning July 16, 2026First row (card added to the library). Components add to $349, page says "up to $300". Not eligible if another Dividend card opened, transferred or cancelled in last 12 months. Smart Account fee rebate (Tier 2 $50 / Tier 3 full) stops being automatic January 1, 2027 | $99, rebated yr 1 (AUs $30, also rebated yr 1) | none stated |
General information, not financial advice. Offers change; confirm on CIBC's page before you apply.