Credit Cards

CIBC Dividend® Visa Infinite* Card Review

Overall Ranking

5/5

Overview

Earn Rate

5/5

Annual Fee

5/5

Welcome Offer

5/5

Travel Insurance

5/5

If you’re looking for a high-earning cash back card with a lower-than-average annual fee, the CIBC Dividend® Visa Infinite* Card is a strong contender. This card carries loads of earning potential: after the Welcome Offer ends it offers up to 4% cash back on eligible gas and grocery purchases†. Plus, new cardholders get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!†

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About the CIBC Dividend® Visa Infinite* Card

The CIBC Dividend® Visa Infinite* Card is a high-earning cash back card that’s notable for earn rates after the Welcome Offer ends: 4% earn rate on eligible groceries and gas† – two common spending categories for most Canadians. You also get 2% cash back on eligible transportation, dining purchases, and recurring payments†, and 1% cash back first-year on all other purchases†.

As a welcome offer, new cardholders get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!† Signing up won’t cost you a thing.

A big selling feature is the generous insurance package included on this card. The CIBC Dividend Visa Infinite* Card includes comprehensive travel insurance (including Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person), as well as trip interruption, flight delay, and baggage insurance – all valuable offerings for travellers. It also has Auto Rental Collision and Loss Damage Insurance, $500,000 Common Carrier Accident Insurance, and Purchase Security and Extended Protection Insurance.†

These perks combined with the generous cash back offering, excellent welcome offer, and competitive annual fee make the CIBC Dividend® Visa Infinite* Card stand out from other premium credit cards.

CIBC Dividend® Visa Infinite* Card At A Glance
Welcome Offer: Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!†!Minimum income eligibility: $60,000 individual or $100,000 household†
Annual fee: $120 (first-year annual fee rebate)†Credit score required: Good
Purchase Annual Interest Rate: 20.99%†Cash Advance Annual Interest Rate and Balance Transfer Annual Interest Rate 22.99%† (21.99% QC only) and 22.99%† (21.99% QC only)
Rewards: After the Welcome Offer ends earn 4% cash back on eligible gas and grocery purchases†; 2% cash back on eligible transportation, dining purchases, and recurring payments†; 1% cash back on all other purchases†

Card Features & Benefits

The CIBC Dividend® Visa Infinite* Card carries some excellent features by way of its limitless earning potential and extras, offered at a lower-than-average annual fee.

  • After the Welcome Offer ends earn 4% cash back on eligible gas and groceries†—two big-spending categories for Canadians.
  • 2% cash back on eligible transportation, dining purchases, and recurring payments†.
  • Earn 1% cash back on all other card purchases†.
  • Get cash back on demand - redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking®†
  • Includes Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person, trip interruption insurance, and flight delay and baggage insurance.†
  • Includes $500,000 Common Carrier Accident Insurance.†
  • Includes Auto Rental Collision and Loss Damage Insurance.†
  • Includes Purchase Security and Extended Protection Insurance.†
  • Competitive $120 annual fee (first-year annual fee rebate)†
  • Purchase Annual Interest Rate: 20.99%†
  • Cash Advance Annual Interest Rate: 22.99%† (21.99% QC only)
  • Balance Transfer Annual Interest Rate: 22.99%† (21.99% QC only)
  • A welcome bonus – Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!†

Other Perks

In addition to cash back rewards, carriers of this card have Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person† – an incredibly valuable offering for travellers. The policy is valid for the first 15 days of a trip if the covered person is age 64 or under – and you don’t even have to charge your trip to the card, which is a rarity.

Pros and Cons

The biggest draw for the CIBC Dividend® Visa Infinite* Card is the impressive post-Welcome Offer 4% cash back on eligible groceries and gas purchases†. These two spending categories are frequently used and 4% is much higher than most cards offer. You’ll also get 2% cash back on eligible transportation, dining purchases, and recurring payments†, which is decent. Also, the base rate of 1%† beats out the typical 0.5% seen on most other cash back credit cards.

The welcome promotion of a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300† is a nice touch.

One downside: the CIBC Dividend® Visa Infinite* Card requires that you earn $60,000 annually as an individual (or $100,000/annually as a household) † in order to be eligible to apply. If you can’t meet this threshold, you may want to look at CIBC Dividend Platinum® Visa* Card instead. It offers the same great cash back earn rate and annual fee but with a leaner, no-frills insurance package.

  • Excellent welcome offer

  • Better than average cash back rate on eligible groceries and gas

  • Better than average base rate

  • Robust travel insurance package

  • Access to exclusive Visa Infinite benefits

  • No limit on the total cash back you can earn


  • Additional cards are $30 per year

  • Higher minimum annual income eligibility requirement

The Verdict

While this card has a few shortcomings, the CIBC Dividend® Visa Infinite* Card offers an excellent earn rate of 4% on two of the top everyday spending categories—groceries and gas after the Welcome Offer ends.† That coupled with a hefty welcome offer (worth up to $300)† and an annual fee rebate for this first year† make this card a good contender for most Canadians looking to earn big on common purchases. Travellers will appreciate the impressive insurance package that’s included, and the Visa Infinite perks sweeten the pot. With a first-year annual fee rebate†, there’s no reason not to give this card a try.

† Conditions apply

This is a digital-exclusive offer.† To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.†

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien



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