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Pros & Cons
Pros
- +Welcome Bonus: Up to $125
- +Purchase protection included
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
The CIBC Dividend® Visa* Card for Students is one of the best cash back Visa student credit cards in Canada. Apply for the card and get up to $125 in value:
- $25 cash back after you make your first purchase within the first 4 monthly statements†
- A 10% cash back welcome bonus for the first 4 monthly statements, up to $100†
With this CIBC Student Credit Card, you get:
- 2% cash back on eligible grocery purchases†
- 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments†
- 0.5% cash back on all other purchases†
What’s more, with this CIBC Student Credit Card, you get a free SPC+ membership, plus over 450 deals on everyday purchases, bigger discounts, special experiences and exclusive giveaways†.
And this CIBC Student Credit Card offers some insurance coverages:
- Purchase Security and Extended Protection Insurance
Awards won by the CIBC Dividend® Visa* Card for Students
Rewards
All Spending
0.5x
Cash Back pts per dollar
Groceries
2x
Cash Back pts per dollar
Transit
1x
Cash Back pts per dollar
Recurring
1x
Cash Back pts per dollar
Gas
1x
Cash Back pts per dollar
Restaurants
1x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$327
$/yr
Estimated Value
$327
After Fees
+$327
1st Year Value
$477
incl. welcome bonus
Annual rewards breakdown
- Earn $50 Cash Back
- Earn $100 Cash Back
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Balance transfer rate22.99%Quebec21.99%
- Cash advance rate22.99%Quebec21.99%
Terms & Conditions
Card Features
Welcome Offer: Join and earn up to $125 in value†
Here’s how it adds up:
- Get $25 cash back after you make your first purchase within the first 4 monthly statements.†
- Get a 10% cash back welcome bonus for the first 4 monthly statements (up to $100 cash back).†
Plus, get 2% cash back on eligible grocery purchases!†
- 1% cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
- 0.5% cash back on all other purchases†
- Get cash back on demand – redeem your cash back at any time when you have a minimum of $10 through CIBC Online and Mobile Banking®†
Get a free Skip+ membership when you link your eligible CIBC credit card
Plus, enjoy $0 delivery fees and earn a $10 monthly voucher.†
Fuel up for less
Link your card with Journie Rewards to save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Get 50% off Disney+ for 6 months
Use an eligible CIBC credit card to pay for your Disney+ Standard with Ads subscription, and automatically receive $4.50 each month in statement credits.†
Get all the student-life essentials on a budget
Eligible student clients can get a free SPC+ membership, and receive over 450 deals on everyday purchases, bigger discounts, special experiences and exclusive giveaways. Start banking with CIBC and make student life more rewarding.†
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.†
Legal
This is a digital-exclusive offer.† To be eligible for this offer: 1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and 2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you. † This offer is reserved for you. Please do not forward it to anyone else.
This offer is reserved for you. Please do not forward it to anyone else. 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.†
† Terms and conditions apply. Click on Apply Now to learn more.
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FAQ
What is the cashback percentage on grocery purchases with the CIBC Dividend® Visa* Card for Students?
With the CIBC Dividend® Visa* Card for Students, you get 2% cash back on eligible grocery purchases.
How are cash back on other types of purchases calculated with CIBC Dividend® Visa* Card for Students?
The CIBC Dividend® Visa* Card for Students offers 1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases, as well as on eligible recurring payments, and 0.5% cash back on all other purchases.
How can I redeem my cash back with the CIBC Dividend® Visa* Card for Students?
You can redeem your cash back at any time when you have a balance of at least $10 via CIBC Online Banking or CIBC Mobile Banking.
What additional benefits can students get with the CIBC Dividend® Visa* Card for Students?
Eligible students can get a free SPC+ program membership, which offers over 450 deals on everyday purchases, increased discounts, special experiences, and exclusive gifts, making student life more rewarding with CIBC Bank.
How does the CIBC Dividend® Visa* Card for Students help you manage your student budget?
The CIBC Dividend® Visa* Card for Students offers cash back on various categories of purchases, including groceries and gas, helping students save and manage their budgets while enjoying the essentials of student life.
What is the minimum amount of cash back required to redeem with the CIBC Dividend® Visa* Card for Students?
To redeem your cash back with CIBC Dividend® Visa* Card for Students, you must have a balance of at least $10.
How can I obtain free registration for the SPC+ program at CIBC Dividend® Visa* Card for Students?
Eligible students can get a free membership to the SPC+ program by choosing the CIBC Dividend® Visa* Card for Students, thereby enjoying numerous benefits and discounts.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 CIBC. All trademarks are property of their respective owners.