Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
CIBC Dividend® Visa Card for Students
Credit cards

CIBC Dividend® Visa Card for Students

Updated 01.12.2022

About CIBC Dividend® Visa Card for Students

A CIBC Dividend® Visa Card for Students is an affordable credit solution for youth, with no annual fee, minimum income requirements, and a $1,000 minimum credit limit. Along with affordability, a CIBC Dividend® Visa Card for Students features unlimited cash back earning opportunities. 

CIBC Dividend® Visa Card for Students features

A CIBC Dividend® Visa Card for Students features a 20.99% purchase interest rate and 22.99% cash interest rate (21.99% for Quebec residents). There is no annual fee for primary and up to 3 additional cards.

With a welcome offer for new applicants, CIBC rewards will reward you with a one-time $60 cash back on your first purchase made within the first four months. As for regular cash back earning opportunities, select categories of purchases made with your CIBC Dividend® Visa Card for Students will bring you cash back at an accelerated rate.

For purchases made at merchants classified by Visa as “grocery stores and supermarkets,”  you will earn 2% cash back. For purchases made at merchants classified by Visa as “service stations or automated gas dispensers,” “local and suburban commuter transportation in Canada,” “eating places and restaurants, drinking places and fast-food restaurants,” and “recurring payments,” you will earn 1% cash back. 

After you reach the annual spending thresholds, you will continue earning cash back for purchases in these categories at a regular rate of 0.5%. 

Other eligible purchases made with your CIBC Dividend® Visa Card for Students will bring you cash back at a regular 0.5% rate. CIBC doesn’t set any limit on the maximum amount of cash back you can earn with your CIBC Dividend® Visa Card for Students.

Occasionally, there are special offers at CIBC allowing you to earn cash back for sending money abroad through CIBC Global Money Transfer™ at CIBC foreign exchange rates. CIBC Global Money Transfers involve no transaction fees and no interest applied, provided you pay your balance by the payment due date.

A CIBC Dividend® Visa Card for Students qualifies for CIBC Pace It™ Installment Plans, which means you can break up your purchases of $100 and more into installment plans at lower interest rates:

  • 4.99% for a 6-month plan

  • 5.99% for a 12-month plan

  • 6.99% for a 24-month plan

Setting up an installment plan involves a one-time installment fee equal to 1.50% of the purchase amount.

Along with cash back earning opportunities, a CIBC Dividend® Visa Card for Students provides you with the following benefits:

  • Saving up to $0.10 per liter on fuel purchases at participating Pioneer, Ultramar, and Chevron gas stations with the Journie Rewards program

  • Free membership with SPC+ providing access to up to 30% discounts, special experiences, giveaways, and more

Insurance coverages included in a CIBC Dividend® Visa Card for Students are $100,000 common carrier accident insurance, purchase security, and extended warranty insurance. You can also add optional CIBC Payment Protector™ Insurance for Credit Cards providing coverage of your credit card payments in case of disability, job loss, critical illness, or loss of life.

Pros and cons

Here are the key advantages of a CIBC Dividend® Visa Card for Students:

  • A zero annual fee

  • Free issuance of up to 3 additional cards

  • No minimum annual income requirements to apply

  • $60 cash back on your first purchase 

  • Eligibility for CIBC Pace It™ Installment Plans 

  • Discounts on fuel purchases at partner gas stations

  • Free SPC+ membership

  • Zero transaction fees for foreign currency purchases

  • No interest on a CIBC Global Money Transfer if paying your balance by the payment due date

  • Benefits from partner integrations

  • Online and mobile banking features for convenient credit card account management

  • Contactless payment available through Apple Pay®, Google Pay™, and Samsung Pay®

  • Credit card protection capabilities (the Mastercard Zero Liability Protection policy and fraud alerts)

As for the disadvantages, we can name the limited number of insurance coverages included.

How to apply for a CIBC Dividend® Visa Card for Students

Applying for a CIBC Dividend® Visa Card for Students is available online. To proceed, click the “Apply now” button on the credit card description page. On the next screen, select an option that applies to you — "Yes, sign on now” or “No, continue application.” If you are a CIBC client already, sign in using your online or mobile banking login credentials. If you are new to CIBC, fill out the form with the following information:

  • Your first name

  • Your last name

  • Your date of birth

  • Your email

  • Your phone number

  • Your address 

  • Your living situation (rent, own/buying, live with parents, room or board, or other)

  • How long you have lived at the specified address

  • Your social insurance number

  • Your job category

  • Statement options

  • Your personal annual income

  • Your other household income (optional)

  • Your housing payments (monthly rent, mortgage, and condo fees)

There are no minimum annual income requirements to apply for a CIBC Dividend® Visa Card for Students.

Who is eligible for SPC+ membership with CIBC?

To qualify for SPC+ membership, you must be either an individual aged 14-19 with an eligible youth product or a full-time post-secondary student with an eligible student product. You must also have a CIBC Online Banking® or Mobile Banking® account.
Can authorized users redeem cash back rewards?Only the primary holders of a CIBC Dividend® Visa Card for Students can make a cash back redemption.
For how long can I lock my CIBC Dividend Visa Card for Students?

If you’ve misplaced your CIBC Dividend® Visa Card, you can lock it at any time through CIBC Online or Mobile Banking for the time you need. Once you find your card, you can easily unlock it.

Rate
i

Effective interest rate on the product

21.99% - 22.99%

Other Credit cards of Canadian Imperial Bank Of Commerce (CIBC)

Financial product
Amount
Rate
CIBC Costco® Mastercard®Canadian Imperial Bank Of Commerce (CIBC)
19.75% - 21.49%

Top offers of the month

Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Canadian Imperial Bank Of Commerce (CIBC) reviews in 2023
Leave feedback