CIBC Dividend Visa Card for Students

This no annual fee student Visa card offers up to 2% cashback on groceries and a $125 welcome bonus.

Last checked on June 11, 2026. We may earn a commission when you click through.

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✓ No annual fee ✓ Up to 2% cashback on groceries ✓ Generous $125 welcome bonus
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CIBC Dividend Visa Card for Students

Visa · student

Our Verdict

This card is a great choice for students looking to earn cashback without an annual fee.

What it really costs

Annual fee No annual fee
APR Range 21.99% – 22.99%
Rewards2% cashback on groceries 2%
Welcome bonus$25 after first purchase + 10% cashback welcome bonus up to $100 CA$125

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Who it's for

Ideal for students focused on earning cashback on grocery purchases while avoiding annual fees.

Watch out

Be mindful of the high APR if you carry a balance, as interest can add up quickly.

The good and the not so good

  • No annual fee
  • Up to 2% cashback on groceries
  • Generous $125 welcome bonus
  • Visa card accepted widely
  • Good for building credit history
  • High APR of 21.99%
  • Limited to grocery cashback
  • Not ideal for those with larger expenses
  • Cashback may take time to accumulate
  • No additional perks or benefits

In-Depth Review

The CIBC Dividend Visa Card for Students is tailored for young adults looking to maximize their grocery spending. With **up to 2% cashback** on groceries and no annual fee, it's a compelling choice for students who prioritize everyday purchases. The **$125 welcome bonus** is split into a $25 reward after the first purchase plus an additional **10% cashback** on the first $1,000 spent, making it easier to start earning rewards. However, the **APR is quite high at 21.99%**, which can be a significant drawback for students who might not pay off their balances in full each month. This card is not intended for those with large expenses outside groceries, as the cashback is limited to that category. Users should consider their spending habits carefully. Customer feedback on the CIBC app indicates a generally positive experience, though some users mention the need for improved customer service. It's important to compare this to alternatives like the **Scotiabank Scene Visa**, which offers broader cashback categories and potentially lower APRs. Overall, this card is best suited for those who will take full advantage of the grocery rewards while managing their balances responsibly.

Summary

The CIBC Dividend Visa Card for Students is a practical option for students looking to earn cashback on groceries, though its high APR is a notable concern.

What cardholders say

Cardholders appreciate the cashback benefits but are concerned about the high interest rates.

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