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

The CIBC Dividend Visa earns 0.5% on groceries, while the TD Cash Back Visa earns 1%. The better choice depends on your grocery spending and the specific merchants you shop at.

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

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

TD Cash Back Visa edges ahead by $54/yr

TD Cash Back Visa earns $64 more on groceries

Groceries: +$64Dining & Restaurants: +$17Entertainment: +$9

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

TD 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

$267

/first year

0.6% effective$22/mo

vs 1% no-fee card: −$151

Annual rewards earned+$297

FX costs−$30

Annual fee−$0

Best for your spendingTD Cash Back Visa—$267Year 1 value

+$54 more than CIBC Dividend Visa

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Earn Rates by Category

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The Bottom Line

TD Cash Back Visa edges ahead by $54/yr

TD Cash Back Visa earns $64 more on groceries

Groceries: +$64Dining & Restaurants: +$17Entertainment: +$9

Showing Year 1 analysis

TD Cash Back 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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