CIBC Dividend Platinum Visa

CIBC Dividend Platinum Visa

CIBC Dividend Platinum Visa
Summary: Visa card that earns up to 2% cash back with an annual fee and insurance benefits

Description: 

CIBC is no longer accepting applications for the CIBC Dividend Platinum Card.

With the Dividend Platinum Visa by CIBC, earn up to 2% cash back rewards for an annual fee with some insurance benefits.

Credit card benefits include Travel Accident Insurance, Travel Medical Insurance, Rental Car Insurance, Extended Warranty Protection and Purchase Security. Optional coverage for Trip Cancellation/Trip Interruption Insurance and Balance Protection can be added for a fee.

Dividend dollars are calculated as follows:

Tier one - 0.5% rebate on your first $3,000 in annual net purchases
Tier two - 1% rebate on your next $12,000 in annual net purchases (Between $3,000 and $15,000)
Tier three - 1.5% rebate on your next $20,000 in annual net purchases (Between $15,000 and $35,000)
Tier four - 2% rebate on your next $15,000 in annual net purchases (Between $35,000 and $50,000)

Your year-to-date net purchase amounts must be greater than the dollar range for a tier before you can start earning Dividend Dollars at the next tier rate.

Overview

Credit required:
Good
Card Type:
Visa
Version:
Platinum
Issuer: 
CIBC
Minimum Income: 
$35,000
Minimum Credit Limit: 
$5,000
 

Annual Interest Rates

Interest Rate: 
19.99%
Cash Advance: 
21.5%
Balance Transfer: 
21.5%
Grace Period: 
21 days
Minimum Payment: 
$10 or 2.1% (whichever is greater)
 

Annual Fees

Annual Fee: 
$79
Supplemental Cards: 
$30
 

Balance Protection

Insurance Plan: 
Payment Protector
Age to Qualify: 
Under 65
Monthly Premium: 
$0.89 (per $100 of outstanding balance)
Maximum Benefit: 
$20000
 

Rewards

Earn up to 2% cash back (maximum of $735 annually)
Travel / Vacation: 
No
Cash Back: 
Yes
Merchandise: 
No
Groceries: 
No
Vehicle Rebates: 
No
Charitable Donations: 
No
Health Care: 
No
Financial Products: 
No

Benefits

Car Rental Insurance: 
Yes
Extended Warranty: 
Yes
Travel Accident Insurance: 
Yes
Travel Medical Insurance: 
Yes
Trip Cancellation Insurance: 
Yes*
Flight Delay Insurance: 
No
Baggage Insurance: 
No
Road Insurance: 
No
Balance Protection Insurance: 
Yes*
Indicates restrictions or additional fees may apply. Check the credit card's web site or fine print for more information.
 
Visit Website