CIBC Dividend® Visa Infinite: High Cash Back Rewards for Everyday Spending

The CIBC Dividend® Visa Infinite offers some of the highest cash back rates for Canadians who spend frequently on groceries and gas. With a 4% earn rate on these categories, 2% on dining, transit and recurring bills, and 1% on all other purchases, cardholders can easily maximize rewards. The $120 annual fee is offset by a generous welcome bonus and the ability to redeem cash back at any time for as little as $10.

How to apply for the CIBC Dividend® Visa Infinite

Start by checking the minimum requirements: a personal income of $60,000 and a credit score of at least 725. Gather your income, employment, and identification details. Complete the credit card application securely online or visit a CIBC branch. Once approved, you can start using your card immediately for everyday spending and enjoy the benefits.

Pros of the CIBC Dividend® Visa Infinite

One major advantage is the high cash back on essential purchases like groceries and gas. The ability to redeem cash back at any time offers exceptional flexibility for users. Additionally, built-in insurance coverage, including travel accident and mobile device insurance, adds extra peace of mind for cardholders.

Cons of the CIBC Dividend® Visa Infinite

A $120 annual fee and a higher minimum income requirement may limit accessibility for some applicants. Additionally, insurance coverages are not as extensive as some competing cards, which may be a drawback for certain users. There is also a cap on annual bonus category spending after $80,000, after which the earn rate drops to the base level.

Verdict: Is the CIBC Dividend® Visa Infinite right for you?

If you routinely spend in high-cash-back categories, this card delivers exceptional value and flexibility. The card’s generous earn rates, easy redemption, and useful insurance make it a strong contender for many Canadians seeking a reliable cash back option.