CIBC Dividend Visa Card for Students
Earn up to $125 cash back
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
Get $25 cash back after you make your first purchase within the first 4 monthly statement periods. Plus, you will receive 10% cash back on the net purchases posted to your account within the first 4 monthly statement periods or $1,000 in total net purchases (equal to $100 cash back), whichever comes first.
Eligibility Requirements
CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.
✨Key Card Features
- automated fuel dispensers
- and electric vehicle charging with a merchant category code of MCC 5552 (ii) local and suburban commuter transportation in Canada including subway
- streetcar
- taxi
- car rentals and cruises)
- (iii) eating places and restaurants
🏆Rewards Program
Cash back
Earn rewards on every purchase with the Cash back program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
No minimum income requirement Canadian students can get a credit limit of up to $5,000 International students can get a credit limit of up to $2,000
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want Cash back rewards
- •Those who want rewards without paying an annual fee
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +No annual fee
- +Generous welcome bonus: Earn up to $125 cash back
- +Cash back rewards program
- +Free additional cards
Cons
- −High interest rate (20.99%)
🏆Our Verdict
The CIBC Dividend Visa Card for Students is an excellent choice for those seeking a no-annual-fee card with solid rewards. The welcome bonus adds immediate value. Ideal for everyday spending without the commitment of an annual fee.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the CIBC Dividend Visa Card for Students?
The CIBC Dividend Visa Card for Students has an annual fee of $0. No Annual Fee.
What are the interest rates for the CIBC Dividend Visa Card for Students?
The purchase interest rate is 20.99% and the cash advance rate is 22.99%.
Who can apply for the CIBC Dividend Visa Card for Students?
No minimum income requirement Canadian students can get a credit limit of up to $5,000 International students can get a credit limit of up to $2,000
What welcome bonus does the CIBC Dividend Visa Card for Students offer?
Get $25 cash back after you make your first purchase within the first 4 monthly statement periods. Plus, you will receive 10% cash back on the net purchases posted to your account within the first 4 monthly statement periods or $1,000 in total net purchases (equal to $100 cash back), whichever comes first.
Is the CIBC Dividend Visa Card for Students worth it?
The CIBC Dividend Visa Card for Students is a great no-annual-fee option. The welcome bonus of Earn up to $125 cash back adds significant value. The Cash back program offers flexibility for redemptions.
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