Pages Menu
Categories Menu

Posted by in Student

CIBC Student Credit Card Review – Dividend Visa

CIBC Student Credit Card Review – Dividend Visa

The CIBC Dividend Visa Card for Students is a no-fee credit card. It’s from the CIBC student credit card lineup and is specifically tailored to students who have low/no income.

It earns post-secondary students cash back on all purchases.  There is no annual income required and the card will pay up to 2% cash back on grocery purchases and up to 1% cash back on everything else.

Here are the actual details on the cash back as it is not as cut and dry as most non-student cards:

  • Earn 2% cash back on your first $6,000 worth of groceries
  • Earn 0.5% cash back on your first $6,000 of all other purchases
  • Earn 1% cash back on all other purchases over $6,000

It feels like there are some more restrictions to getting the higher rates of cash back, but this is a student card so likely we are talking about little to no income.

The Details:

  • Annual Fee: $0
  • Interest Rate (purchases): 19.99%
  • Cash Advance and Balance Transfer Interest Rate: 22.99%

Benefits of this Card:

  • No limit on the total cash back you can earn
  • Helps establish your credit history
  • $100,000 Common Carrier Accident Insurance
  • Purchase Security and Extended Protection Insurance

Learn more about the CIBC Dividend Visa Card for Students.

This CIBC student credit card is a decent option for students. Bottom line? As a student, it can be hard to get credit, let alone a card that will give you rewards. This card has no income requirements and I think it’s got pretty decent cash back. Even if you are only earning 0.5% cash back on the majority of your purchases, you are still ahead of the game.


Check Out The Best Credit Cards In Canada!

Disclaimer: makes no representations as to accuracy, completeness or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All data and information provided on this site is for informational purposes only.