CIBC Dividend® Visa Infinite* Card review

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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

Unlike most cash back cards with hidden limitations, the CIBC Dividend Visa Infinite delivers real value. We love the 4% cash back on eligible gas, EV charging, and grocery purchases†, plus 2% cash back on eligible transportation, dining purchases and recurring payments†.

Even better, the spending caps are reasonable for most Canadians. Just pair it with the right travel card (as this one is a little weak on travel insurance) for the perfect combo.

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. 

Others who will find value with the Dividend Visa Infinite Card include:

  • Families with significant grocery and gas spending who can maximize the bonus cash back categories
  • Commuters who use public transit, taxis, or rideshares regularly
  • Canadians with multiple subscription services and recurring bills

Pros and cons of the CIBC Dividend® Visa Infinite* Card

Pros

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

Cons

  • High income requirement

  • Sparse travel insurance offering

A real user experience using the card | cash back, app and insurance

CIBC Dividend® Visa Infinite* Card welcome bonus

The CIBC Dividend® Visa Infinite* Card comes with a pretty straightforward sign-up bonus for new accounts:

  • 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.†

We estimate this welcome bonus to be valued at $320.

How to earn cash back on the CIBC Dividend® Visa Infinite* Card

Earning cash back on this card is simple:

  • Earn 4% cash back on eligible gas, EV charging, and grocery purchases†
  • Earn 2% cash back on eligible transportation, dining purchases and recurring payments†
  • Earn 1% cash back on all other purchases†

Like I said, 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. 

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. 

  • There's no need to wait for an annual payout date
  • You control when to receive your rewards
  • Cash back is calculated monthly based on net purchases during each statement period
  • Cash back does not expire as long as your account remains open and in good standing

How to redeem cash back with the CIBC Dividend® Visa Infinite* Card

This card allows you to redeem your cash back rewards any time of the year - a great feature. 

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. 

  • Only primary cardholders can redeem cash back (not authorized users)
  • Minimum redemption amount is $25
  • Redemptions process within 5 days
  • Unredeemed cash back automatically applies as credit after December statement
  • Account must be open and in good standing to earn and redeem cash back

CIBC Dividend® Visa Infinite* Card key benefits

  • Earn 4% cash back on eligible gas, EV charging, and grocery purchases†
  • Earn 2% cash back on eligible transportation, dining purchases and recurring payments†
  • Earn 1% cash back on all other purchases†
  • Generous welcome bonus of up to 10% cash back†

What makes this card particularly attractive is its flexible redemption system. Unlike many competitors that restrict redemptions to once annually, CIBC allows cardholders to access their cash back whenever they want throughout the year, provided they've accumulated at least $25. This gives you greater control over your rewards.

We rate the CIBC Dividend Visa infinite credit card because of the impressive value for money it provides. We estimate that the card provides up to $878 in first-year value (including the welcome bonus that we value at $320).

CIBC Dividend® Visa Infinite* Card insurance coverage

Insurance Coverage amount
Extended warranty For items bought on this card with warranty, an extra 1 year following the expiry of the original warranty will be added
Purchase protection 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).
Mobile device 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
Travel accident insurance Coverage for accidental death or dismemberment, resulting from riding as a passenger on a common carrier are covered up to $500,000
Emergency medical insurance Up to $5 million of coverage for 10 consecutive days, for cardholders under 65. No coverage for cardholders over 65
Car rental 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)

  • 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)

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.

CIBC Dividend Visa Infinite is also great particularly if you drive a lot as it works with Journie Rewards to save on gas.

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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

Learn More Apply Now On BMO's Secure Site

The CIBC Dividend Visa Infinite gives you 4% back on groceries and gas, while BMO's World Elite offers 5% on groceries and 3% cash back on gas and EV charging% on gas. BMO has a better welcome bonus worth around $455 in the first year compared to CIBC's $320.

The biggest practical difference? CIBC lets you redeem your cash back whenever you want, but BMO makes you wait for an annual January payout. CIBC is also easier to qualify for with a $60K income requirement versus BMO's $80K.

If you spend more on groceries than gas and don't mind waiting for your rewards, go with BMO. If you value flexibility and spend heavily on gas, CIBC is your better bet.

CIBC Dividend® Visa Infinite* Card BMO CashBack® World Elite®* Mastercard®*
Annual fee:
$120
Annual fee:
$120
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.†
Welcome offer:
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†.
Earn rate:
Up to 4% back
Earn rate:
Up to 5% back
Insurance:
Emergency travel insurance, rental car insurance, purchase protection and mobile device insurance
Insurance:
Emergency travel insurance, rental car insurance, purchase protection, trip delay, flight delay, hotel burglary and more
Apply Now Apply Now

Disclosures:

  • *Terms and conditions apply.
  • BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

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

Learn More Apply Now On Scotiabank's Secure Site

The Scotia Momentum is a great cash back option, thanks to its balanced approach, with 4% cash back on both groceries and recurring payments—ideal for households with numerous subscription services and utility bills.

It offers the most comprehensive travel insurance package, including 25-day emergency medical coverage (10 days longer than CIBC) plus trip cancellation/interruption protection. 

CIBC Dividend® Visa Infinite* Card Scotiabank Momentum® Visa Infinite*
Annual fee:
$120
Annual fee:
$120
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.†
Welcome offer:
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.
Earn rate:
Up to 4% back
Earn rate:
Up to 4% back
Insurance:
Emergency travel insurance, rental car insurance, purchase protection and mobile device insurance
Insurance:
Emergency travel insurance, rental car insurance, purchase protection, trip delay, flight delay, hotel burglary and mobile device insurance
Apply Now Apply Now

Disclosures:

  • Conditions Apply. Visit here for the Scotiabank Momentum® Visa Infinite* Card to learn more.

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†.

Learn More Apply Now On CIBC's Secure Site

The Platinum version offers a more accessible entry point with its lower minimum income requirement and annual fees. 

The main compromise is the lack of emergency travel medical insurance and slightly lower earn rates across categories. It's ideal for students or young professionals building their credit profile while still earning meaningful rewards.

CIBC Dividend® Visa Infinite* Card CIBC Dividend Platinum® Visa* Card
Annual fee:
$120
Annual fee:
$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.†
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 $2,000†.
Earn rate:
Up to 4% back
Earn rate:
Up to [[ ribn.prod.cibc-dividend-platinum-visa.earnRate1Numerical ]]% back
Insurance:
Emergency travel insurance, rental car insurance, purchase protection and mobile device insurance
Insurance:
Rental car insurance, purchase protection and mobile device insurance. No emergency travel insurance
Apply Now Apply Now

Disclosures:

  • This is a digital-exclusive offer.†

    To be eligible for this offer:

    1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and

    2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.†

    This offer is reserved for you. Please do not forward it to anyone else.

    CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†

    Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertising partners.

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

  • 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.
  • This is a digital-exclusive offer.†

    To be eligible for this offer:

    1) this offer must have been directly communicated to you from CIBC or from a partner/affiliate; and

    2) you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you.†

    This offer is reserved for you. Please do not forward it to anyone else.

    CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months.†

    Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertising partners.

FAQs

  • When does the CIBC Dividend® Visa Infinite* Card card pay out?

    +

    The user can initiate a pay out at any time, otherwise it will automatically pay out on your January statement.

  • When does the CIBC Dividend® Visa Infinite* Card charge its annual fee?

    +

    The annual fee is charged on the one-year anniversary of account opening.

  • When should I cancel my CIBC Dividend® Visa Infinite* Card?

    +

    This card is a good card to keep indefinitely, but if you only want it for the sign-up bonus, make sure to cancel it one month before your account opening anniversary.

  • Does the CIBC Dividend® Visa Infinite* Card have lounge access?

    +

    No, there is no lounge access on this card. In general, the primary focus of the card is not travel.

  • What is the daily limit for the CIBC Dividend® Visa Infinite* Card?

    +

    There is no daily limit for regular purchases made on your card (up to your card’s credit limit). Cash advances are limited to $1,000 daily.

Cameron Smonk Freelance Writer

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.

Cory Santos Credit card expert

Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.

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†Terms and Conditions apply.