Which has the lower annual fee, CIBC Dividend Platinum Visa or Scotia Momentum Visa?

The Scotia Momentum Visa has a $49 annual fee, while the CIBC Dividend Platinum Visa charges $99/year.

Which card is better for groceries, CIBC Dividend Platinum Visa or Scotia Momentum Visa?

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

CIBC Dividend Platinum Visa vs Scotia Momentum Visa — Which Is Better? | Churnr

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

CIBC Dividend Platinum Visa wins by $274/yr — strongest in groceries

CIBC Dividend Platinum Visa earns $128 more on groceries
CIBC Dividend Platinum Visa earns $50 more on dining & restaurants

Groceries: +$128Dining & Restaurants: +$50Bills & Utilities: +$48

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

Scotia Momentum Visa: $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

$364

/first year

0.9% effective$30/mo

vs 1% no-fee card: −$55

Annual rewards earned+$443

FX costs−$30

Annual fee−$49

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

+$274 more than Scotia Momentum Visa

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 wins by $274/yr — strongest in groceries

CIBC Dividend Platinum Visa earns $128 more on groceries
CIBC Dividend Platinum Visa earns $50 more on dining & restaurants

Groceries: +$128Dining & Restaurants: +$50Bills & Utilities: +$48

Showing Year 1 analysis

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

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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