StudentCash BackNo Annual FeeVisa

CIBC Dividend Visa Card for Students

CIBC

Straightforward student cash back card with 2% on groceries and free SPC+ membership for discounts at popular retailers.

The CIBC Dividend Visa Card for Students is a CIBC Visa card with no annual fee. It earns 2% cash back on Groceries. Listed welcome offer value: Student discount access.

Last updated October 9, 2026Source: issuer page

Key facts

Annual fee: $0
Purchase interest rate: 19.99%
Cash advance rate: 21.99%
Earn rates: 2% cash back on Groceries; 1% cash back on Gas, EV charging, transportation, recurring payments, CIBC by Expedia travel; 0.5% cash back on All other purchases
Welcome offer: Student discount access
Foreign transaction fee: 2.5%
Income requirement: No minimum listed

How this score is calculated

Formula

Net annual value(50%)4.0
Welcome bonus(15%)0.0
Foreign transaction fee(10%)2.5
Insurance & perks(15%)0.6
Purchase interest rate(10%)3.3

What are the fees and rates?

Verified 2026-10-09

Annual Fee

Additional card: $0

Purchase Interest Rate

19.99%

Cash advance: 21.99%

Foreign Transaction Fee

2.5%

What rewards does this card earn?

The CIBC Dividend Visa Card for Students earns 2% cash back on Groceries.

Groceries

2% cash back

Gas, EV charging, transportation, recurring payments, CIBC by Expedia travel

1% cash back

All other purchases

0.5% cash back

Is there a welcome offer?

Yes. The listed welcome offer value is Student discount access.

Free SPC+ membership included

Value: Student discount access

Students only

Pros

No annual fee
2% cash back on groceries helps with food budget
Free SPC+ membership for student discounts
Visa acceptance is widespread

Cons

Low 0.5% base rate on non-category purchases
No travel insurance
Limited perks compared to premium cards

What perks are included?

No annual fee
2% cash back on groceries
Free SPC+ membership for student discounts
Visa acceptance worldwide
Extended warranty protection
CIBC Pace It installment payments

What insurance is included?

Extended Warranty – Up to 1 additional year

Frequently asked questions

What is the annual fee on the CIBC Dividend Visa Card for Students?

The CIBC Dividend Visa Card for Students has no annual fee.

What rewards does the CIBC Dividend Visa Card for Students earn?

2% cash back on Groceries; 1% cash back on Gas, EV charging, transportation, recurring payments, CIBC by Expedia travel; 0.5% cash back on All other purchases