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

The Visa Cashback has a $65 annual fee, while the CIBC Dividend Platinum Visa charges $99/year.

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

The CIBC Dividend Platinum Visa earns 3% on groceries, while the Visa Cashback earns 0%. The better choice depends on your grocery spending and the specific merchants you shop at.

CIBC Dividend Platinum Visa vs Visa Cashback — 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 $733/yr — strongest in groceries

CIBC Dividend Platinum Visa earns $383 more on groceries
CIBC Dividend Platinum Visa earns $108 more on gas

Groceries: +$383Gas: +$108Bills & Utilities: +$96

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

Visa Cashback: $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

−$95

/first year

-0.2% effective$8/mo

vs 1% no-fee card: −$514

Annual rewards earned+$0

FX costs−$30

Annual fee−$65

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

+$733 more than Visa Cashback

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 $733/yr — strongest in groceries

CIBC Dividend Platinum Visa earns $383 more on groceries
CIBC Dividend Platinum Visa earns $108 more on gas

Groceries: +$383Gas: +$108Bills & Utilities: +$96

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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