CIBC: How To Get Your Cash Back On A CIBC Dividend Card

Mar 13, 2025

Updated May 8, 2026

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Tutorials CIBC: How To Get Your Cash Back On A CIBC Dividend Card

To the point Here's the step-by-step process for using your CIBC Cash Back balance, earned on a CIBC Dividend Credit Card.

How to redeem cash back to reduce your credit card balance

Have you signed up for a CIBC Dividend Credit Card and received a welcome bonus of several hundred dollars?

Here’s how to redeem cash back on a CIBC Dividend Visa Card.

Redeem cash back in 4 clicks

First, log in to your CIBC Online Banking profile.

The exchange can be done at any time during the year and it is not necessary to wait until the statement is issued to do so. The only requirement is a balance of at least $10.

On the Operations tab, click on Redeem Now.

CIBC: How To Get Your Cash Back On A CIBC Dividend Card - CIBC Dividendes Visa relevé

A window will open to enter the amount to be redeemed. Select the desired amount and click on Next.

CIBC: How To Get Your Cash Back On A CIBC Dividend Card - Comment remise en argent Visa Dividendes

CIBC then wants confirmation of the amount redeemed, showing the remaining balance. All that remains is to click on Confirm.

CIBC: How To Get Your Cash Back On A CIBC Dividend Card - Details remise en argent Dividendes Visa

Congratulations!

The CIBC Cash Back redemption transaction is confirmed. Thanks to this, I’ll have $150 less to pay on my CIBC credit card balance.

Also, a confirmation email will be sent within minutes.

CIBC: How To Get Your Cash Back On A CIBC Dividend Card - Dividendes Visa CIBC

Your cash back redemption is then credited to your account within five days. But in my experience, it is quite fast with one to two days delay.

It may be slower if there are upcoming holidays.

CIBC Dividend Cash Back Credit Cards

There are four CIBC credit cards that offer cash back:

CIBC Dividend^® Visa Infinite* Card

The CIBC Dividend^® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.

Right now, with this welcome offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate on your first year’s annual fees^†!

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With this CIBC cash back credit card, you earn:

4% cash back on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

For example, if you spend $1,000 per month on groceries and/or gas and/or electric vehicle charging, you’ll earn $40 cash back per month or $480 cash back per year with this card for this category of purchases!

And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).

And this CIBC Cash Back Credit Card offers many insurance coverages:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Out-of-Province Emergency Travel Medical Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend Platinum^® Visa* Card

If you don’t meet the income requirements for the CIBC Dividend^® Visa Infinite* Card, you could apply for the CIBC Dividend^® Platinum Visa* Card. The minimum annual income required for this card is $15,000 (household).

With this offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate for your first year’s annual fees!^†

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With the CIBC Dividend^® Platinum Visa* Card, you get:

3% on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

And this CIBC Cash Back Credit Card offers some insurance coverage:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend^® Visa* Card for Students

The CIBC Dividend^® Visa* Card for Students is one of the best Visa credit cards for students with cash back in Canada. Apply for the card and get up to $150 cash back.

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 benefit from a free free membership to SPC, for instant savings on over 450 in-store and online transactions.

And this CIBC Student Credit Card offers some insurance coverages:

Purchase Security and Extended Protection Insurance

Bottom Line

Read our tip for using this CIBC Dividend Card at Costco here!

Come to discuss that topic in our Facebook Group!

Caroline Tremblay

Caroline, a loyalty program specialist, helps families maximize their points to travel more frequently and affordably. With expertise in Disney, AIR MILES, and Costco, she travels the world with her partner and two children through rewards. Passionate about the latest in loyalty programs, Caroline shares tips to help you earn more points and turn your travel dreams into reality.

All posts by Caroline Tremblay

How to redeem cash back to reduce your credit card balance

Redeem cash back in 4 clicks

CIBC Dividend Cash Back Credit Cards

Bottom Line

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