CIBC Dividend Visa

CIBC Dividend Visa

CIBC Dividend Visa
Summary: Visa rewards card that earns up to 1% cash back for no annual fee

Description: 

With the Dividend Visa Card by CIBC, earn up to 1% cash back paid out annually for no annual fees with some insurance benefits.

Cash back is earned on a tier system as follows:

Tier one - 0.25% rebate for net annual purchases up to $1,500
Tier two - 0.50% rebate for net annual purchases from $1,500.01 to $3,000
Tier three - 1% rebate for net annual purchases over $3,000

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.

This Visa card includes insurance benefits such as Travel Accident Insurance, Purchase Security and Extended Warranty coverage. Optional benefits can be added for a fee including Travel Cancellation/Trip Interruption Insurance and Trip Medical Insurance, and Balance Protection.

Overview

Version:
Standard
Credit required:
Fair
Card Type:
Visa
Issuer: 
CIBC
Minimum Income: 
$15,000
Minimum Credit Limit: 
$500
 

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: 
$0
Supplemental Cards: 
$0
 

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 1% cash back paid 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: 
No
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.
 
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