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

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The CIBC Dividend Platinum Visa Card (QC) has earned a 3.06 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the CIBC Dividend Platinum Visa Card (QC) are rewards and interest.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the CIBC Dividend Platinum Visa Card (QC) the most important factors for scoring this card are its rewards and interest.


With the CIBC Dividend Platinum Visa Card (QC), here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Specific Stores1%
All Other Spend1%

Calculating your annual rewards

We estimate that spending $2,000 per month with the CIBC Dividend Platinum Visa Card (QC) would earn $432 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$132

Our study investigating the value found that each dollar spent on the CIBC Dividend Platinum Visa Card (QC) is worth up to $0.02, depending on how you redeem.

This $432 in rewards value puts the CIBC Dividend Platinum Visa Card (QC) in the top 40% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the CIBC Dividend Platinum Visa Card (QC) earns $432 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the CIBC Dividend Platinum Visa Card (QC) for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Apply to statement credit$691

For an annual spend of $24,000, we estimated annual rewards value at up to $432.

That’s equivalent to a 1.80% return on spending.

The CIBC Dividend Platinum Visa Card (QC) has an annual fee of $99. After deducting this, we predicted net annual rewards of $333.

This puts it in the top 40% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The CIBC Dividend Platinum Visa Card (QC) has a $99 annual fee.

The average card charges $85. So, the CIBC Dividend Platinum Visa Card (QC) is in the top 40% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The CIBC Dividend Platinum Visa Card (QC) scored a 1.1 out of 5 for perks, putting it in the bottom 40% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance22.99%
Balance Transfer22.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the CIBC Dividend Platinum Visa Card (QC) charges 1% more than the average.

For cash advances it costs 22.99% compared to the average of 19.96%.

Testing the CIBC Dividend Platinum Visa Card (QC) with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$500,000
Rental Car Theft & DamageYesNo

We scored it 1.5 out of 5 for insurance.

It offers 4 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$0
Household Income$15,000
Annual Fee$99
Extra Card Fee$0
Card typeVisa

We scored it 3.0 out of 5 for approval.

We predict that you will require a credit score of at least 660 to qualify for the CIBC Dividend Platinum Visa Card (QC), while the average card requires 652 to qualify.

This puts it in the top bottom 50% of cards by approval difficulty.

The personal income requirements are $0, while the average card requires $23,896.

This puts it in the top 50% of cards by the income required to qualify.

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.

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


  1. Unlimited Cash Back: 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.
  2. Visa Infinite Concierge Service: 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.
  3. Mobile Device Insurance Coverage: 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.
  4. Rental Car Insurance Coverage: 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.


  1. High Annual Fee: A notable drawback of this card is the annual fee of $99, which could deter cost-sensitive consumers.
  2. High Income Requirement: 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.

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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