BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash backno fee
CIBC® Dividend® Visa® Card review
3.4Rated by the CreditCardGuru Editorial Team
A dependable no-fee cash back card anchored by 2% on groceries; fine as a starter or backup card, but heavy spenders will do better paying for the Infinite.
At a glance
- Annual fee
- No annual fee
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 2% |
| Gas & EV charging | 1% |
| Transportation | 1% |
| Dining | 1% |
| Recurring payments | 1% |
| Everything else | 0.5% |
Pros & cons
Pros
- Solid no-fee grocery rate
- Simple, flexible cash back redemption
Cons
- 0.5% base rate is weak
- Virtually no insurance coverage
Perks & insurance
Key perks
- 2% cash back on groceries with no annual fee
- No limit on total cash back; redeem from $10 anytime
- Up to 10 cents off per litre with Journie Rewards
- Free Skip+ membership when linked
- Up to 3 additional cards at no cost
Insurance
- Purchase security and extended protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
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Written by
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CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
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Cite this page
“CIBC® Dividend® Visa® Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/cibc-dividend-visa, updated June 7, 2026.