CIBC · Visa
3% on gas and groceries with no published cap, 2% on transport, dining and bills, and the $99 fee waived in the first year.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- 3% on gas, EV charging and groceries with no annual cap published
- 2% on transportation, dining, recurring payments and CIBC by Expedia travel
- The $99 fee is rebated in the first year
- 10% cash back for the first four statement periods on up to $2,000 of purchases
- Rental car collision damage waiver included
- Cash back does not expire while the account is in good standing
Watch out for
- A $99 cash back card with no travel medical, trip cancellation or mobile device insurance
- Additional cards cost $30 each after the first year
- The base rate outside the bonus categories is 1%
- The 10% welcome rate is capped at $2,000 of purchases, worth $200 at most
- The fee rebate is first year only
What this card earns
- Groceries
- 3%
- Gas
- 3%
- Dining and restaurants
- 2%
- Travel
- 2%
- Recurring bills and subscriptions
- 2%
- Transit
- 2%
- Everything else
- 1%
- Bonus categories at once
- 3 you choose which
The earning fine print
3% cash back on gas, EV charging and groceries; 2% on transportation, dining, recurring payments and travel booked through CIBC by Expedia; 1% on all other purchases. CIBC's product page publishes no annual earning cap for this card and states that accumulated cash back does not expire while the account is in good standing. Cash advances cost $5.00 in Canada and $7.50 outside Canada. Cash advance and balance transfer rate is 22.99% (21.99% for Quebec residents).
The welcome offer
- Welcome bonus
- $10 after you spend $2,000, within 4 months
- Second tier
- $50 after you within 4 months
- Also included
- The first-year annual fee is waived
What the offer actually requires
Up to $300 in total first-year value: 10% cash back on net purchases of up to $2,000 during the first 4 statement periods (maximum $200); a $50 bonus for setting up a pre-authorized payment within the first 4 statement periods; and the $99 first-year annual fee rebate. Tier 1 is an accelerated rate capped at $2,000 of spend; tier 2 is a flat $50 credit (a dollar amount, not a percentage). No offer end date published. Bonus_tier1_months of 4 represents 4 statement periods.
Fees and interest rates
- Annual fee
- $99 waived the first year
- Additional card
- $30
- Foreign transaction fee
- 2.5%
- Purchase APR
- 21.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
Who can get this card
- Minimum personal income
- Not published by the issuer
- Minimum household income
- $15,000
Insurance and benefits
- Rental car damage waiver
- Included
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
Common Carrier Accident Insurance up to $500,000. Car Rental Collision and Loss Damage Insurance. Purchase Security and Extended Protection (doubles the manufacturer's warranty up to one additional year). CIBC Global Money Transfer with $0 transfer fee to 120+ countries. No emergency travel medical, trip cancellation, trip interruption, flight delay or mobile device insurance is advertised on this card. The 10% welcome rate is capped at $2,000 of net purchases over 4 statement periods, worth a maximum of $200. It is not 10% for the year. The $99 annual fee rebate is first year only, and additional cards revert to $30 each afterwards. A $99 cash back card with no travel medical, trip cancellation or mobile device insurance. Quebec residents pay 21.99% rather than 22.99% on cash advances and balance transfers. The product page renders its rate fields from a database and displayed placeholder tokens on fetch. The rates here come from CIBC's disclosure PDF.
Our verdict
The absence of a cap is what separates this from most of its rivals. 3% on gas and groceries with no annual ceiling means a household spending $15,000 in those categories earns $450, and CIBC does not cut you off partway through the year the way BMO and MBNA do. Add the 2% list and the first year is free, and this is a strong cash back card.
What you do not get is insurance. For $99 there is no travel medical, no trip cancellation and no mobile device cover, which is thin next to what other $99 cards include. Treat it as a pure cash back card, compare it against the SimplyCash Preferred at 4% on the same categories, and pick on where you actually shop, because Amex acceptance is the tiebreaker.
Cards worth comparing this against
Compare this against every card we track
Where this came from. CIBC Dividend Platinum Visa product page (fees, cash back rates, welcome offer, income requirement, insurance list) and CIBC's Credit Card Summary of Annual Interest Rates and Fees PDF, which states 21.99% on purchases, 22.99% on cash advances and balance transfers (21.99% for Quebec residents), $99 annual fee, $30 additional card fee, a 2.5% foreign currency markup and cash advance fees of $5.00 in Canada / $7.50 outside.. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.