Quick overview of CIBC Dividend Visa Infinite Card
When choosing your daily spending cash back credit card, it pays to read the fine print. These cards are notorious for promising high cash back rates, then hiding their sneaky stipulations within the too-tiny-to-read part of the agreement.
After whipping out my magnifying glass, however, I’m happy to report the CIBC Dividend Visa Infinite is a fantastic choice for your go-to cash back card.
It's reasonable to be suspicious at first (even the card art looks ominous!). But it offers an ample 44% cash back for grocery stores and gas, plus 2% for transportation, dining and recurring payments. It’s true that if you spend over $$20,000 annually in these categories (or $$80,000 overall), you will be bumped down to the 1% cash back rate. But if your grocery bill is that high, you may be in the market for a swankier card, anyway.
Where this card falls short is travel insurance — which makes sense. The pro-move is to use the CIBC Dividend Visa Infinite Card for daily spending and find a separate credit card for travel purchases.
Who’s the CIBC Dividend Visa Infinite Card for?
Perhaps unexpectedly, the CIBC Dividend Visa Infinite Card is perfect for the food-motivated individual. It’s one of the rare cards that offers an elevated cash back bonus on both grocery stores and dining. So, if (li ke me) you want a credit card for both your home chef creations and your fancy date nights — this card is made for you.
Pros and cons of the CIBC Dividend® Visa Infinite* Card
Pros
-
First-year annual fee rebate
-
10% cash back welcome bonus up to $3,000 spend
-
4% cash back on gas, electric vehicle charging and grocery stores
-
2% cash back on transportation, dining and recurring payments
-
High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
Cons
-
High income requirement
-
Sparse travel insurance offering
How to earn cash back on the CIBC Dividend Visa Infinite Card
Earning cash back on this card is simple: all you have to do is eat and drive (foodie road trip, anyone?). Keep this card at the front of your wallet for your weekly grocery store trips and gas station visits to get that generous 4% cash back bonus.
While not as lucrative, the 2% cash back on dining, transportation and recurring payments is still competitive. So, you can still feel good ordering takeout on those too-tired-to-cook nights, while streaming your favourite trashy Netflix reality show.
The elevated cash back rates apply up to $$20,000 in purchases in these bonus categories, annually — after that it’s back to a 1% cash back. Not bad, all things considered.
How to redeem name of points on the CIBC Dividend Visa Infinite Card
This card allows you to redeem your cash back rewards any time of the year.
You can do that by accessing CIBC online banking or the mobile app, and clicking on the card to redeem your accumulated rewards. After that, your cash back rewards will show up as a credit on your statement.
The catch? You need to have accumulated at least $25 in cash back rewards to redeem.
For the truly lazy (clicking a few buttons is a lot of work!), you can also wait until your January statement each year — after which, the cash back rewards will be automatically redeemed as a statement credit.
CIBC Dividend Visa Infinite Card key benefits
- Earn 4% cash back on eligible gas, EV charging, and grocery purchases†
- Generous welcome bonus of up to 10% back†
- Flexible cash back redemption process
CIBC Dividend Visa Infinite Card insurance coverage
- Out-of-province emergency travel medical insurance: Up to $5 million of coverage for 10 consecutive days, for cardholders under 65. No coverage for cardholders over 65
- Car rental collision/loss damage insurance: Rental cars charged to this card will be covered for a rental period of 48 days (for rental cars up to $65,000in value)
- Common carrier accident insurance: Coverage for accidental death or dismemberment, resulting from riding as a passenger on a common carrier are covered up to $500,000
- Purchase security and extended protection insurance: Provides coverages for certain items bought with the card, if these items are lost, stolen and damaged (up to 90 days from date of purchase). For items bought on this card with warranty, an extra 1 year following the expiry of the original warranty will be added
- Mobile device insurance: Provides coverage for mobile devices that are lost, stolen or accidentally damaged up to $1,000per occurrence, per insured person. Either the full device cost was paid with this card, or any portion of the price is financed with the card through a Canadian wireless service provider
Extra benefits
- Save up to 10 cents per litre at participating gas stations (e.g. On the Run, Pioneer, Fas Gas, Ultramar and Chevron locations) by linking the CIBC Dividend Visa Infinite Card with Journie Rewards
- Get 25% off auto rentals at participating Avis and Budget locations worldwide
- Send money abroad with $0 transfer fee (cash advance fees don’t apply)
What people have to say about this card
CIBC Dividend Visa Infinite is also great particularly if you drive a lot as it works with Journie Rewards to save on gas.
Academic-Lead-5771
The online community raved about this card’s compatibility with Journie rewards — a program that allows you to save three cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations (plus an additional seven cents/litre each time you earn 300 Journie points).
While not a “make or break” benefit, it’s a nice addition that cements the CIBC Dividend Visa Infinite as a great daily spending card.
How CIBC Dividend Visa Infinite compare
BMO CashBack® World Elite®* Mastercard®*
4.9
up to 10%
Welcome offerExcellent
Suggested credit scoreGet up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*.
Expires
Jun 1, 2025
While the BMO Cash Back World Elite has a flashier promotion (5% cash back on groceries) — it's one of those cards with extra sneaky fine print. As soon as you spend $500 in a month on groceries, you’re bumped down to the regular 1% cash back rate. It’s the same with all BMO’s spending categories. Once you’ve hit its annoyingly low spend ceiling each month, you lose the elevated cash back rate they lured you in with.
Still, if you’re a moderate spender who doesn’t envision hitting BMO’s spending caps — it could be the better card for you. Plus, the BMO Cash Back World Elite has a better travel insurance offering (trip interruption, flight delay, baggage delay).
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee annual fee waived in the first year*
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
While the BMO Cash Back World Elite has a flashier promotion (5% cash back on groceries) — it's one of those cards with extra sneaky fine print. As soon as you spend $500 in a month on groceries, you’re bumped down to the regular 1% cash back rate. It’s the same with all BMO’s spending categories. Once you’ve hit its annoyingly low spend ceiling each month, you lose the elevated cash back rate they lured you in with.
Still, if you’re a moderate spender who doesn’t envision hitting BMO’s spending caps — it could be the better card for you. Plus, the BMO Cash Back World Elite has a better travel insurance offering (trip interruption, flight delay, baggage delay).
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee annual fee waived in the first year*
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
Scotiabank Momentum® Visa Infinite*
5.0
10% back
Welcome offerExcellent
Suggested credit scoreEarn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). No annual fee in the first year, including on additional cards.
Expires
Nov 1, 2025
The Scotia Momentum Visa Infinite is a solid card that gives the CIBC Dividend Visa Infinite a run for its cash back rewards. This Scotia card offers its 4% cash back rate to groceries and recurring payments, whereas gas and daily transit get 2%.
In the end, it comes down to spending habits. If you’re driving and dining, then go with CIBC. But if your Netflix subscription, gym memberships and insurance premiums are taking the majority of your paycheque — the Scotia card is the superior choice.
Some other considerations: the Scotia Momentum Visa Infinite has a higher spending cap for their bonus cash back spending categories at $25,000 ($5,000 higher than CIBC). Also, Scotia is a clear winner in terms of travel insurance with more trip coverage, plus trip cancellation/interruption and flight delay insurance.
Pros
-
High earn rate on everyday spending categories
-
Comprehensive travel and purchase insurance
-
Visa Infinite perks such as concierge, events, and special offers
-
25% Car rental discounts at Avis and Budget
-
Mobile device insurance
-
Up to $200 welcome bonus
Cons
-
Income requirements are higher: $60k personal or 100k household
-
Cash back can only be redeemed once a year
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
The Scotia Momentum Visa Infinite is a solid card that gives the CIBC Dividend Visa Infinite a run for its cash back rewards. This Scotia card offers its 4% cash back rate to groceries and recurring payments, whereas gas and daily transit get 2%.
In the end, it comes down to spending habits. If you’re driving and dining, then go with CIBC. But if your Netflix subscription, gym memberships and insurance premiums are taking the majority of your paycheque — the Scotia card is the superior choice.
Some other considerations: the Scotia Momentum Visa Infinite has a higher spending cap for their bonus cash back spending categories at $25,000 ($5,000 higher than CIBC). Also, Scotia is a clear winner in terms of travel insurance with more trip coverage, plus trip cancellation/interruption and flight delay insurance.
Pros
-
High earn rate on everyday spending categories
-
Comprehensive travel and purchase insurance
-
Visa Infinite perks such as concierge, events, and special offers
-
25% Car rental discounts at Avis and Budget
-
Mobile device insurance
-
Up to $200 welcome bonus
Cons
-
Income requirements are higher: $60k personal or 100k household
-
Cash back can only be redeemed once a year
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
4%
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
2%
For every $1 you spend on gas and daily transit purchases
1%
Cash back on all other purchases with no cash back limit
For every $1 you spend on grocery store purchases, recurring bill payments and subscription purchases
4%
For every $1 you spend on gas and daily transit purchases
2%
Cash back on all other purchases with no cash back limit
1%
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$120
Annual Fee $50 per supplementary card
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
CIBC Dividend Platinum® Visa* Card
3.6
10% back
Welcome offerVery Good
Suggested credit scoreGet a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $3,000†.
The CIBC Dividend Platinum Visa is the less sexy version of the two cards, for those who can’t make the $60,000 individual or $100,000 household income of the Infinite. This card only requires $15,000 and its perks are reduced accordingly. Spending on groceries and gas earns 3%. Emergency travel insurance is cut altogether.
CIBC Dividend Platinum cardholders do get to keep the 2% cash back on transportation, dining and recurring payments. There is also a slightly cheaper annual fee at $99 per year.
Even still, if you meet the income requirements — best to go for the CIBC Dividend Infinite Visa.
Pros
-
Very impressive welcome offer
-
Elevated cash back rates (2-3%) in five everyday spending categories†
-
No limit in total cash back you can collect
-
The $15,000 minimum annual income requirement† is very low for a cash back card of this calibre
Cons
-
$99 annual fee may not be worthwhile for all consumers
-
The $20K annual spending limit for earning cash back at the accelerated 2-3% rates is lower than the limits offered by some competing cash back credit cards
Eligibility
Very Good
Recommended Credit Score
$15,000†
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Household Income
$15,000†
3%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
$500,000
common carrier accident insurance
$65,000
MSRP for rental cars for up to 48 consecutive days
cash back on eligible gas, EV charging, and grocery purchases.†
3%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
common carrier accident insurance
$500,000
MSRP for rental cars for up to 48 consecutive days
$65,000
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$99
Annual Fee First year annual fee rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$99
Foreign Transaction Fee
2.5%
The CIBC Dividend Platinum Visa is the less sexy version of the two cards, for those who can’t make the $60,000 individual or $100,000 household income of the Infinite. This card only requires $15,000 and its perks are reduced accordingly. Spending on groceries and gas earns 3%. Emergency travel insurance is cut altogether.
CIBC Dividend Platinum cardholders do get to keep the 2% cash back on transportation, dining and recurring payments. There is also a slightly cheaper annual fee at $99 per year.
Even still, if you meet the income requirements — best to go for the CIBC Dividend Infinite Visa.
Pros
-
Very impressive welcome offer
-
Elevated cash back rates (2-3%) in five everyday spending categories†
-
No limit in total cash back you can collect
-
The $15,000 minimum annual income requirement† is very low for a cash back card of this calibre
Cons
-
$99 annual fee may not be worthwhile for all consumers
-
The $20K annual spending limit for earning cash back at the accelerated 2-3% rates is lower than the limits offered by some competing cash back credit cards
Eligibility
Very Good
Recommended Credit Score
$15,000†
Required Annual Household Income
Recommended Credit Score
Very Good
Required Annual Household Income
$15,000†
3%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
$500,000
common carrier accident insurance
$65,000
MSRP for rental cars for up to 48 consecutive days
cash back on eligible gas, EV charging, and grocery purchases.†
3%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
common carrier accident insurance
$500,000
MSRP for rental cars for up to 48 consecutive days
$65,000
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$99
Annual Fee First year annual fee rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$99
Foreign Transaction Fee
2.5%
| Card | CIBC Dividend Infinite Visa | CIBC Dividend Platinum |
|---|---|---|
| Annual fee | $120 | $99 |
| Welcome offer | Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $3,000†. | Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $3,000†. |
| Insurance | Emergency travel insurance, rental car insurance, purchase protection and mobile device insurance | Rental car insurance, purchase protection and mobile device insurance. No emergency travel insurance |
| Benefits | 25% off rental cars | 25% off rental cars |
Is the CIBC Dividend Visa Infinite worth it?
Yes — the CIBC Dividend Visa Infinite is a fantastic cash back card with rewards that justify its annual fee. Like with any card, you should review your spending habits to make sure you’re getting the most of this card’s bonus categories.
Additionally, I recommend you pair this card with a separate travel credit card for your vacation purchases. You don’t want to get stuck relying on the CIBC card’s travel insurance policy.
CIBC Dividend Visa Infinite eligibility criteria
- $60,000 personal or $100,000 household income
- Good (760+) credit score
FAQs
†Terms and Conditions Apply. This offer is not available in Quebec.
The information for the CIBC Dividend Platinum Visa has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Cam is a content marketer with a passion for saving, financial independence, and pulling off elaborate credit card point schemes. He has worked in Fintech and Finserve (specifically Group Retirement) and loves researching and writing about finance.
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