Overall rating
First year value
$878
Get this card if you:
- want high cash back rates on groceries, gas and recurring bills
- value comprehensive insurance benefits
- value a great welcome offer
Scores by category
Cash Back 5.0
Groceries 4.6
Gas 3.8
Rewards 3.0
Welcome Bonus 2.9
At a glance
The CIBC Dividend® Visa Infinite* Card is a cash back credit card offering elevated earn rates on categories such as groceries, gas, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection, and optional insurance coverages. It's a good option for those seeking to maximize cash back on everyday spending.
Highlights
$878
First year value
10% cash back†
Welcome bonus
$120
Annual fee
First year rebated†. Each additional card is $30 per year, max 3 — first year rebated†
Interest Rates
20.99%
Purchase APR
non-Quebec residents†
22.99%
Balance transfer APR
non-Quebec residents†
22.99%
Cash advance APR
non-Quebec residents†
Eligibility
Good
Recommended credit score
$60,000
Required annual personal income
$100,000
Required annual household income
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 4% 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 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 (like 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 $2,000† 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
A real user experience using the card | cash back, app and insurance
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% cash 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 $65,000 in 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 $1,000 per 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* Card compare
up to 10% cash back
Welcome Bonus
$1,025
First Year Value
$570
Annual Value
Welcome Bonus: Get up to 10% cash back in your first 3 months, $75 cash back bonus when you spend $25,000 in your first year, and the $120 annual fee waived in the first year†. Expires Jun 01, 2025
Get this card if you...
-
are a high-earner looking to earn cash back
-
want great perks like travel insurance and concierge services
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
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
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
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*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, we'll waive the $120 annual fee in the first year.†
†Terms and Conditions apply,
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
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
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
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*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, we'll waive the $120 annual fee in the first year.†
†Terms and Conditions apply,
10% cash back
Welcome Bonus
$914
First Year Value
$594
Annual Value
Welcome Bonus: Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards. Expires Oct 31, 2025
Get this card if you...
-
want high cash back rates
-
value a great welcome offer
-
want comprehensive insurance benefits
Annual Fee & Annual Interest Rates
$120
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Momentum® Visa Infinite* Card is a cash back credit card offering elevated earn rates on purchases in categories such as groceries, recurring bill payments, gas, and daily transit. Cardholders benefit from a competitive welcome bonus, comprehensive insurance coverage, and the potential to have the annual fee waived by bundling the card with certain Scotiabank chequing accounts.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
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
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
Rewards cash back
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
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.
To qualify for these offers make sure to open a new Scotiabank Momentum® Visa Infinite* credit card account by October 31, 2025.
To earn 10% cash back, make sure to use your new card to make everyday eligible purchases and earn 10% cash back on the first $2,000 you spend in your first 3 months from account opening.
Once you qualify, we’ll credit your account in 2 instalments:
Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within approximately 7 months from the account open date; and
Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program (i.e., November).
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for these offers.
See terms and conditions for full details.
Our Take
The Scotiabank Momentum® Visa Infinite* Card is a cash back credit card offering elevated earn rates on purchases in categories such as groceries, recurring bill payments, gas, and daily transit. Cardholders benefit from a competitive welcome bonus, comprehensive insurance coverage, and the potential to have the annual fee waived by bundling the card with certain Scotiabank chequing accounts.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
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
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
Rewards cash back
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
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on additional cards.
To qualify for these offers make sure to open a new Scotiabank Momentum® Visa Infinite* credit card account by October 31, 2025.
To earn 10% cash back, make sure to use your new card to make everyday eligible purchases and earn 10% cash back on the first $2,000 you spend in your first 3 months from account opening.
Once you qualify, we’ll credit your account in 2 instalments:
Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within approximately 7 months from the account open date; and
Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program (i.e., November).
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for these offers.
See terms and conditions for full details.
10% cash back
Welcome Bonus
$767
First Year Value
$468
Annual Value
Welcome Bonus: 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 $2,000†.
Get this card if you...
-
want to earn cash back on everyday purchases
-
value a generous welcome offer
-
want additional perks such as travel insurance
Annual Fee & Annual Interest Rates
$99
Annual Fee
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Our Take
The CIBC Dividend Platinum® Visa* Card is a cash back credit card that rewards cardholders for everyday purchases, particularly in categories like gas, EV charging, and groceries. It also offers additional benefits such as car rental savings and access to the CIBC Mobile Banking App for convenient account management.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
$15,000
Required Annual Household Income
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
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$99
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
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
Insurance Benefits
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
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 $2,000†.
Our Take
The CIBC Dividend Platinum® Visa* Card is a cash back credit card that rewards cardholders for everyday purchases, particularly in categories like gas, EV charging, and groceries. It also offers additional benefits such as car rental savings and access to the CIBC Mobile Banking App for convenient account management.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
$15,000
Required Annual Household Income
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
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$99
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
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
Insurance Benefits
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
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 $2,000†.
| Card | CIBC Dividend® Visa Infinite* Card | CIBC Dividend Platinum® Visa* Card |
|---|---|---|
| Annual fee | $120 | $99 |
| Welcome offer | Earn 10% cash back for the first 4 statements on net purchases of up to $2,000.† Plus, get a first-year annual fee rebate for you and up to three Authorized Users.† | 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 $2,000†. |
| 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* Card 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* Card eligibility criteria
- $60,000 personal or $100,000 household income
- Good (760+) credit score
FAQs
†Terms and Conditions Apply. This offer is not available for residents of Quebec.
The information for the CIBC Dividend Platinum® Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
The information for the CIBC Dividend® Visa Infinite* Card 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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