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CIBC Dividend Platinum® Visa Card review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
Interest Rate: Purchases
Balance Transfer
Balance Transfer
1 - 3% cashback
1 - 3% cashback
Signup Bonus
Signup Bonus

Informr score
The CIBC Dividend Platinum® Visa Card currently has an Informr score of 8.3 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?

CIBC Dividend Platinum® Visa Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

Rewards Canada
Rewards Canada

The CIBC Dividend Platinum Visa Card is a decent mid-level cash back rewards card that is perfect for those who do not have the income level to apply for an Infinite Card. The valuable welcome bonus offer coupled with strong accelerated earn rates make it an excellent choice for a cash back card in...

- Rewards Canada

The CIBC Dividend Platinum® Visa* Card offers cash back rewards ranging from 1%–3% (depending on where you shop), as well as a moderate spread of extra insurance and travel benefits. It’s a particularly appealing cash back card for those that spend a lot on gas, EV charging, and groceries, and offer...

- Hannah Logan,
Yore Oyster
Yore Oyster

The CIBC Dividend Platinum Visa is not worth it. It may be worth it for its higher cash back earn rate of up to 3%, but the CIBC Dividend Visa Card is more worth it since it has similar features to the Platinum Visa and does not have any annual fees. It also has the same security features and offers...

- Victor, Yore Oyster

It has a high-earning flat-rate cashback reward of up to a remarkable 4% on your purchases with the card. Of course, it comes with a few conditions, and the cashback is not always 4%. But there seem to be more positives about this card than the negatives that I could find. There is no cap on how muc...

- Christopher Liew, CFA, WealthAwesome

The CIBC Dividend Platinum Visa Card offers a competitive return on cash back for gas and groceries as well as a higher return on transportation, dining and recurring payments. It also comes with a generous welcome bonus, basic insurance and limited travel coverage for a reasonable annual fee, which...

- Claire Horwood, Finder


Interest Rates
Regular APR Interest Rate 20.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $99.00

First year rebated

Balance Transfer Fee 3%


Cash Advance Fee $5.00
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00

Fee not applicable to Quebec residents.

Late Payment Fee $0.00

Sign up bonus No
All Purchases 1% cash back
Restaurants 2% cash back
Gas 3% cash back

Including electric vehicle charging stations

Groceries 3% cash back
Hotels No
Travel No
Pharmacy No
Bills $2 per $ spent

On payments made for recurring payments

Additional Details
  • 2% cash back on transportation
  • The 3% and 2% cash-back offers are only available on the first $80,000 in net annual card purchases, meaning all card purchases by all cardholders, at any type of merchant, or $20,000 on grocery stores, supermarkets, gas service stations and automated fuel-dispensers, commuter transportation, eating and drinking places and restaurants, or on recurring payments on your account, whichever comes first
Features & Benefits
Additional Card Holders

$30 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay, Samsung Pay, Google Pay
Virtual Cards No
Additional Benefits
  • Identity Theft Assistance
  • Emergency Card Replacement
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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