Which card is better for groceries, CIBC Dividend Visa or TD Business Cash Back Visa?

The CIBC Dividend Visa earns 0.5% on groceries, while the TD Business Cash Back Visa earns base rate. The better choice depends on your grocery spending and the specific merchants you shop at.

CIBC Dividend Visa vs TD Business Cash Back Visa — Which Is Better? | Churnr

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

TD Business Cash Back Visa edges ahead by $95/yr

CIBC Dividend Visa earns $64 more on groceries
CIBC Dividend Visa earns $48 more on bills & utilities
$195 welcome bonus advantage

Groceries: +$64Bills & Utilities: +$48Gas: +$36

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

TD Business Cash Back Visa: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$213

/first year

0.5% effective$18/mo

vs 1% no-fee card: −$206

Annual rewards earned+$238

Welcome bonus+$5

FX costs−$30

Annual fee−$0

Winner

$308

/first year

0.7% effective$26/mo

vs 1% no-fee card: −$111

Annual rewards earned+$138

Welcome bonus+$200

FX costs−$30

Annual fee−$0

Best for your spendingTD Business Cash Back Visa—$308Year 1 value

+$95 more than CIBC Dividend Visa

Scroll down for the full breakdown

Earn Rates by Category

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The Bottom Line

TD Business Cash Back Visa edges ahead by $95/yr

CIBC Dividend Visa earns $64 more on groceries
CIBC Dividend Visa earns $48 more on bills & utilities
$195 welcome bonus advantage

Groceries: +$64Bills & Utilities: +$48Gas: +$36

Showing Year 1 analysis

Year-over-Year

Year 1

TD Business Cash Back Visa

by $95 — welcome bonus advantage

Year 2+

CIBC Dividend Visa

by $100 — ongoing earn advantage

TD Business Cash Back Visa wins Year 1 thanks to a better welcome bonus, but CIBC Dividend Visa earns more ongoing. Consider how long you plan to hold the card.

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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