CIBC Dividend Visa Card | Credit card reward programs | Discussion forum

A word of caution. Be careful to check which purchases are considered eligible. For example, some card promotions only consider the bonus for things like take-out food or delivery. Here it is:

Save on everyday purchases
Earn 4% cash back on gas and groceries, and up to 2% on everything else.

Also:

If you apply and are approved for a new eligible card, you will receive 10% cash back on the net purchases posted to your account within the first 4 monthly statement periods or $2,000 in total net purchases (equal to $200 cash back), whichever comes first.

I took advantage of a 4% promo from CIBC Dividend Infinite last year and they arbitrarily and unilaterally dropped it to 3% after a few months. They would not even honour their own word for a single year. I dumped it as soon as the free first year was over. If they pull this stunt during a promo period, one can only imagine what shenanigans they would try once they had me on the hook with a fully paid annual membership.

Alexandra said
The only credit cards I use are the no fees Dividend Visa and the RBC Cash Back card. I always pay them off at the end of the month so never have paid them a penny in interest. Never use their debit cards.

Given the general sentiment of forum members willing to argue and move their money for 0.5 - 1% differences in interest rates, I would find it surprising indeed if the credit card companies made a dime from HISA membership.

Full disclosure, I paid interest last month on my Visa card because I accidentally and stupidly paid the 'min payment required' instead of the full balance. I'm an idiot.

AltaRed said
I 've never had issues with CIBC though the only thing I have with them today is the free CIBC Dividend Visa card. It is my reserve card due to its high credit limit accumulated over the years. I maintain it with one recurring monthly charge. I've had it now, in its various forms, for 48 years and will be asking for a 50 year bonus in a few years. Maybe free upgrade to Infinite for my remaining days being vertical? Most likely wishful thinking.....  

I also still have the same CIBC card and have held it for the last 30 years but never use it because I have other cards that pay a much superior return on purchases.
A few years ago I asked to lower my credit limit simply because I never use it and don't plan on using it either.
As for maintaining it, I don't, but they just keep on renewing it anyway.

It's probably worth your while if you don't mind the fuss of applying, and watching that you spend the right amounts in the right categories in the right time frame. Bear in mind that Visa is no good at Costco if you shop there, and that WalMart does not always qualify for "grocery".

Personally, I seriously dislike the cards that use categories. For me, they are far too much work to manage and create too much "wallet bulge", but I probably would have done it when I was younger and could see better.

We mostly use a card that pays the same for everything. It is a fee-based card, but so far it has been worthwhile as it has other features that we appreciate and have used, and we spend enough to make it worthwhile. The insurance feature saved us close to a thousand dollars last year, not to be sneezed at, and they gave us no hassle about it.

Generally, I prefer the CCs from the Big Banks. I think they run a better operation, in general. It's probably the ONLY thing I prefer about Big Banks!!