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

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

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

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.

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*
• CIBC Dividend Platinum^® Visa* Card*
• CIBC Dividend Visa* Card
• CIBC Dividend Visa* Card for Students

CIBC Dividend^® Visa Infinite* Card

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

With this offer, get a value of up to $350:

• A 10% welcome bonus in cash back, up to $200 on net purchases up to $2,000 (first 4 statements)
• A $50 cash back bonus when you set up a pre-authorized payment (first 4 months)
• A first-year annual fee rebate (a $120 value)

With this CIBC cash back credit card, you get:

• 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 payments†
• 1% cash back on all other purchases†

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

This CIBC cash back credit card offers extensive insurance coverage:

• Car rental collision/loss damage insurance
• $500,000 common carrier accident insurance
• Out-of-province emergency travel medical insurance
• Purchase security and extended warranty 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 value of up to $300:

• A 10% welcome bonus in cash back, up to $200 on net purchases up to $2,000 (first 4 statements)
• A $50 cash back bonus when you set up a pre-authorized payment (first 4 months)
• A first-year annual fee rebate (a $99 value)

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 payments^†
• 1% cash back on all other purchases^†

This CIBC cash back credit card also offers some insurance coverage:

• Car rental collision/loss damage insurance
• $500,000 common carrier accident insurance
• Purchase security and extended warranty insurance

CIBC Dividend^® Visa* Card

The CIBC Dividend^® Visa* Card is one of the best no-fee cash back Visa credit cards in Canada.

For a limited time, get 5% cash back, up to a maximum of $100 during the period covered by your first 4 monthly statements.

Plus, 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^†

This no annual fee CIBC credit card offers some insurance coverage:

• Purchase security and extended warranty insurance

CIBC Dividend^® Visa* Card for Students

The CIBC Dividend^® Visa* Card for Students is one of the best cash back Visa credit cards for students in Canada. Apply for the card and get up to $125 in 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^†

Plus, with this CIBC student credit card, you get a free SPC membership, which gives you instant savings at more than 450 retailers in store and online.

This CIBC student credit card also offers some insurance coverage:

• Purchase security and extended warranty insurance

Bottom Line

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