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CIBC Dividend Visa Card for Students review

Get special discounts and a decent return on cashback with a card tailored to meet your daily needs as a student. 

Get $30 cash back after you make your first purchase within the first 4 months.
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$0

Annual Fee

Up to 2% cash back

Rewards

Please note: All information about CIBC Dividend Visa Card for Students has been collected independently by Finder and this card is not available through this site.

The CIBC Dividend Visa Card for Students offers a decent return on cash back with no annual fee. Earn 2% cash back on groceries, 1% on gas, transportation, dining and recurring payments, and 0.5% on everything else. This card also comes with a free SPC membership, basic insurance and a generous welcome offer.

30-second take

  • Think about this card if you want a decent return on cash back and no annual fee.
  • Choose something else if you want comprehensive benefits and flexible rewards.
  • There are no minimum income requirements to qualify for this card.

The basics

If you’re looking for a card that’s tailored to meet your unique set of needs as a student, then the CIBC Dividend Visa Card for Students could be the right fit for you.

  • No annual fee. This card has a $0 annual fee.
  • Decent cash back. Get cash back on all purchases.
  • Extra cash back for groceries. Rack up double the cash back when you shop for groceries.
  • Welcome offer. Get $30 cash back after you make your first purchase within the first 4 months.
  • Free SPC membership. Get a free Student Price Card to secure discounts at over 450 partner brands in-store and online.
  • Purchase assurance. Your purchases are insured against loss, theft or damage for 90 days
    .
  • Extended warranty. Lock in double the protection with an added year of warranty coverage on eligible purchases made with your card.

The perks

  • Common carrier insurance. You’ll be insured up to $100,000 every time you travel by plane, ferry, train or bus.
  • Optional travel insurance. Pay an additional fee to get optional travel medical insurance.
  • Fraud alerts. Get notified quickly about unauthorized use of your credit card with custom email and online alerts.
  • Free additional cards. Order up to three additional cards at no extra cost.
  • Tap and pay. Pay instantly when you use contactless payments or Apple Pay.
  • Enhanced security. Cards are equipped with an embedded microchip to encrypt information.

What to watch out for

  • High interest. You’ll pay standard high interest on your outstanding balances and even more interest on cash advances and balance transfers.
  • Strict redemption criteria. Cash back can only be applied as an annual credit on your December statement.
  • No points. You won’t be able to collect points to cash in for rewards like travel, merchandise or gift cards.
  • Limited benefits. This card doesn’t offer additional benefits like extended travel medical, mobile phone insurance or roadside assistance.

What should I know before I apply?

How to apply

  1. Head to the CIBC website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

The CIBC Dividend Visa Card for Students could be a good fit for you if you’re looking for a card that offers a higher cash back return on daily essentials like groceries for no annual fee. It also comes with a free SPC membership and basic insurance.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine World Mastercard
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until December 29, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by January 31, 2023.
OFFER
Tangerine Money-Back Credit Card
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until December 29, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 26.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 0.5% cashback guaranteed.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
12.99%
$0 annual fee for the first year ($20 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $20 annual fee waived in the first year.
RBC ION+ Visa
12,000 points
3 points per $1 spent
19.99%
$48
Min. recommended credit score: 660
Earn 12,000 Avion points when you get approved for the card. Apply by November 30, 2022.
RBC ION Visa
6,000 points
1.5 points per $1 spent
19.99%
$0
Min. recommended credit score: 660
Earn 6,000 Avion points when you get approved for the card. Apply by November 30, 2022.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
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Frequently asked questions about the CIBC Dividend Visa Card for Students

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