Which has the lower annual fee, CIBC Dividend Platinum Visa or Neo World Mastercard?

The Neo World Mastercard has no annual fee, while the CIBC Dividend Platinum Visa charges $99/year.

Which card is better for groceries, CIBC Dividend Platinum Visa or Neo World Mastercard?

The CIBC Dividend Platinum Visa earns 3% on groceries, while the Neo World Mastercard earns 2%. The better choice depends on your grocery spending and the specific merchants you shop at.

CIBC Dividend Platinum Visa vs Neo World Mastercard — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

CIBC Dividend Platinum Visa edges ahead by $144/yr

CIBC Dividend Platinum Visa earns $139 more on groceries
CIBC Dividend Platinum Visa earns $50 more on dining & restaurants
$99 higher annual fee, offset by rewards

Groceries: +$139Dining & Restaurants: +$50Gas: +$36

CIBC Dividend Platinum Visa: $30/yr in foreign transaction fees

Neo World Mastercard: Groceries cap limits earning — losing ~$12/yr above cap

Neo World Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$638

/first year

1.5% effective$53/mo

vs 1% no-fee card: +$220

Annual rewards earned+$767

FX costs−$30

Annual fee−$99

$494

/first year

1.2% effective$41/mo

vs 1% no-fee card: +$76

Annual rewards earned+$524

FX costs−$30

Annual fee−$0

Grocery cap reached at $12,000 — remaining $780 earns at base rate (losing ~$12 vs uncapped)

Total lost to caps: $12/yr across 1 category

Best for your spendingCIBC Dividend Platinum Visa—$638Year 1 value

+$144 more than Neo World Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Neither card currently offers a welcome bonus.

Downgrade

Coming soon

The Bottom Line

CIBC Dividend Platinum Visa edges ahead by $144/yr

CIBC Dividend Platinum Visa earns $139 more on groceries
CIBC Dividend Platinum Visa earns $50 more on dining & restaurants
$99 higher annual fee, offset by rewards

Groceries: +$139Dining & Restaurants: +$50Gas: +$36

Showing Year 1 analysis

CIBC Dividend Platinum Visa wins in both Year 1 and Year 2+ — consistent long-term value.

Things to Consider

Neo World Mastercard: Groceries cap limits earning — losing ~$12/yr above cap

Data Sources

Issuer terms & conditions (verified Feb 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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