CIBC Dividend Visa Infinite Review: 4% Cash Back
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The CIBC Dividend® Visa Infinite* Card pays 4% cash back at both the pump and the grocery store, the strongest twin-category combination in Canada. Add up to $300 in welcome cash back and a first-year fee rebate, and it explains why this card ranks among the top cash back sellers in our network.
Here is the full math: the offer, the caps behind the rates, and who beats it. For the whole category, see our best cash back credit cards ranking.
- Annual feeNo annual fee the first year
- $0 $120
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$250Annual fee rebated$120Total$370Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $370
- Welcome offerAfter $2,000 in 4 months
- Up to $250 cash back
Apply Now
on CIBC's website
Welcome Offer: Up to $300 Cash Back
CIBC structures the offer around your first four statements:
- 10% cash back: on your first four statements, up to $250
- $50 bonus: for setting up a pre-authorized payment within the same window
- First year free: the $120 annual fee is rebated
Earn Rates and Caps
The 4% headline applies to the two categories where Canadian budgets concentrate, up to $20,000 of combined annual category spend, then 1% applies:
| Category | Cash back |
|---|---|
| Groceries | 4% |
| Gas and EV charging | 4% |
| Restaurants | 2% |
| Daily transit | 2% |
| Recurring payments | 2% |
| Everything else | 1% |
Perks and Insurance
- Redemption on demand: redeem from $25 at any time through CIBC online banking, plus an automatic annual payout option
- Insurance: travel medical, rental car coverage, mobile device insurance, purchase protection and extended warranty
The insurance package is functional rather than premium: medical coverage travels with you, but there is no trip cancellation tier, which is the usual trade-off at this fee level.
Fees and Eligibility
| Item | Amount |
|---|---|
| Annual fee | $120 (rebated year 1) |
| Additional card | $50 |
| Purchase rate | 21.99% |
| Cash advance rate | 22.99% |
| Foreign currency conversion | 2.5% |
| Minimum income | $60,000 personal or $100,000 household |
Below the income floor, the regular CIBC Dividend Visa keeps 2% on groceries with no fee; the trade-offs sit in our cash back ranking.
Who This Card Is For
- Commuter households: two 4% categories that map exactly onto driving and cooking
- EV owners: charging earns the same 4% as gas, still unusual in the market
- Flexible redeemers: cash lands on demand from $25, no annual wait
Who Should Look Elsewhere
- Subscription-heavy budgets: recurring payments earn 2% here; Scotia pays 4%
- Travellers: no trip cancellation coverage; a travel card fills that gap
How It Compares
The head-to-head that matters is with the Scotia Momentum Visa Infinite: identical grocery rate, different second category, stronger insurance on the Scotia side, on-demand redemption on the CIBC side. The no-fee CIBC Dividend Visa remains the fallback below the income floor.
Our Verdict
For a household that drives and cooks, the CIBC Dividend® Visa Infinite* Card is the highest-yield pairing on the market: $12,000 of gas and groceries a year returns $480 against a fee that is waived in year one.
Its closest rival trades gas for bills: the Scotia Momentum® VISA Infinite* card pays 4% on groceries and recurring payments instead. Pick by your second-biggest budget line, or run both through our comparison tool.
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CIBC Dividend Visa Infinite – Frequently Asked Questions
How much cash back does the CIBC Dividend Visa Infinite pay?
4% on groceries and on gas or EV charging, 2% on restaurants, daily transit and recurring payments, and 1% on everything else. The 4% categories share a combined annual cap of $20,000 in spending, after which they earn 1%.
What is the current welcome offer?
New cardholders earn 10% cash back on their first four statements, up to $250, plus a $50 bonus for setting up a pre-authorized payment, for a total of up to $300. CIBC also rebates the $120 annual fee in the first year.
How do I redeem the cash back?
On demand from $25 through CIBC Online Banking, or automatically once a year. The redemption lands as a statement credit, and unredeemed cash back keeps accumulating rather than expiring.
CIBC Dividend Visa Infinite or Scotia Momentum Visa Infinite?
Both pay 4% on groceries. The CIBC pairs it with gas; the Scotia Momentum® VISA Infinite* card pairs it with recurring bill payments and adds stronger travel insurance. Drivers lean CIBC; households with heavy subscriptions and utilities lean Scotia.
Is there a no-fee version?
Yes, the CIBC Dividend Visa pays 2% on groceries and 1% elsewhere with no annual fee, at the cost of the 4% categories and the insurance package. It suits spenders below the Visa Infinite income floor.
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