CIBC Dividend Platinum Visa Card (QC) Review



Annual Fee


Annual Rewards

15% Cash Back

Intro Offer


Annual fee


Annual rewards

15% Cash Back

Intro offer


  • Earn 4% cash back on grocery and gas purchases
  • Earn 2% cash back on dining and daily transit expenses
  • Earn 1% cash back on all other purchases
  • First-year annual fee rebate
  • Purchase protection and extended warranty coverage
  • Travel and shopping benefits


  • $99 annual fee after the first year
  • Limited bonus offers compared to competing cards
  • No dedicated travel rewards program or transfer partners
  • Cash back earnings are capped per purchase category
  • Cash back redemption requirements and restrictions
  • Not available for residents outside of Quebec

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With CIBC Dividend Platinum Visa Card (QC), here’s how you earn rewards:

Restaurants / Delivery2%
All Other Spend1%

How much your rewards are worth

The dollar value of your rewards depends on the specific CIBC rewards program and what you choose to redeem your points for.

For CIBC Dividend Platinum Visa Card (QC) in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards
Apply to statement credit$6.24

Calculating your annual rewards

$24,000.00 annual spending x $1.63% return on spending = $390.00 annual rewards

$390.00 annual rewards – $99.00 annual fee = $$291.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score660 – 724
Household Income$15,000.00
Interest Rates
Cash Advance22.9%
Balance Transfer22.9%
Annual Fee$99.00
Extra Card Fee$0
Card typeVisa

Insurance coverage

Extended Warranty1 year
Purchase Protection90 days
Travel Accident500000
Rental Car Theft & DamageYes

CIBC Dividend Platinum Visa Card (QC) Review

The CIBC Dividend Platinum Visa Card (QC) is a well-rounded credit card that offers numerous cash back opportunities and additional benefits for cardholders. This review will explore its earning potential, highlight four key benefits, and discuss two potential drawbacks. We’ll also provide any other relevant information for Canadian consumers considering this card.

1. Earning potential with the card:

The CIBC Dividend Platinum Visa Card (QC) earns cash back rewards on everyday spending. Here are the reward rates for different categories:

  • 4% cash back on gas & groceries
  • 2% cash back on dining, daily transit, and recurring payments
  • 1% cash back on all other purchases

2. Benefit 1: One major advantage of this card is that there is no limit on the total cash back that you can earn, making it suitable for high spenders.

3. Benefit 2: Another major advantage is access to the CIBC Visa Infinite Concierge Service, which can provide assistance for dining reservations, travel planning, event ticket purchasing, and more.

4. Benefit 3: Cardholders also benefit from up to $1,000 per year coverage on Mobile Device Insurance for damage or theft of mobile devices purchased with the card.

5. Benefit 4: This card offers rental car insurance coverage up to a maximum of 48 consecutive days, which includes collision damage waiver and personal effects insurance benefits.

6. Drawback 1: A notable drawback of this card is the annual fee of $99, which could deter cost-sensitive consumers.

7. Drawback 2: Another drawback is the requirement of having a minimum annual income of $30,000 for Quebec residents or $60,000 for residents of other Canadian provinces to qualify for the card.

8. Additional information: Keep in mind that the cash back rates may change periodically, so it’s essential to stay updated and read the terms and conditions carefully. Overall, the CIBC Dividend Platinum Visa Card (QC) is an appealing choice for those seeking powerful cash back rewards and additional benefits on everyday spending.

Interested in other credit cards? If the CIBC Dividend Platinum Visa Card (QC) credit card isn’t perfect for you, you might want to consider the CIBC Classic Visa Card. Plus, many Canadian’s that like the CIBC Dividend Platinum Visa Card (QC) like the CIBC Aventura Visa Infinite Card, and the CIBC Classic Visa Card for Students.


The CIBC Dividend Platinum Visa Card (QC) is a cash back credit card, which means you do not earn points for your purchases. Instead, you earn cash back at varying rates depending on the type of purchase made:

  • 4% cash back on eligible gas station and grocery store purchases
  • 2% cash back on eligible transportation, dining and recurring payments
  • 1% cash back on all other purchases

There are no point redemptions involved. Your earned cash back will be accumulated and automatically applied to your credit card statement as a credit each year in December.

The CIBC Dividend Platinum Visa Card (QC) charges a foreign transaction fee for transactions made outside of Canada or in a foreign currency. The foreign transaction fee is 2.5% of the converted transaction amount, which is added to the Canadian dollar value of the transaction. This fee applies to purchases, cash advances, and balance transfers made in a foreign currency or processed outside of Canada.

The CIBC Dividend Platinum Visa Card (QC) has a minimum income requirement of $15,000 for Quebec residents. This is applicable for both individual and household incomes. Keep in mind that meeting the minimum income requirement does not guarantee card approval, as other factors such as credit score and payment history may be considered during the application process.

Key benefits

  • Annual interest rate: 20.99% on purchases, 22.99% on cash advances
  • Grace period: At least 21 days without interest on new purchases
  • Cash advance fee: $4 at CIBC ATMs, $5 at other ATMs (within Canada)
  • Foreign transaction fee: 2.5% of purchase amount in foreign currency
  • Minimum credit limit: $1,500
  • Zero liability protection for unauthorized use
  • Optional CIBC Payment Protector Insurance available
  • Secure chip and PIN technology for added protection
  • Access to CIBC CreditSmart, Visa Infinite Privilege, and CIBC Visa Infinite Concierge Service

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