CIBC Dividend Visa Infinite
Earn up to 4% cash back on groceries and gas. Access perks like mobile device insurance and premium Visa Infinite privileges. Minimum income requirements apply.
Introducing the CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite has become one of the leading cash back solutions for those who prioritize rewards on grocery and gas spending. With up to 4% cash back on these key categories, this card is tailored for Canadians focused on everyday savings.
Currently, the purchase interest rate is 21.99%. The card requires a minimum personal income of $60,000, or a household income of $100,000 annually. It comes with a $120 annual fee, though welcome offers and rebates are periodically available.
This card features 2% cash back on transportation, dining, and recurring payments, plus 1% back on all other purchases. Redemption is straightforward, with cash back available on demand starting at $10 through online and mobile banking.
Cardholders access additional benefits like extended warranty, purchase assurance, and mobile device insurance coverage up to $1,000. Special partnerships let you save at select gas stations through Journie Rewards, boosting day-to-day value.
Overall, CIBC’s offering is designed for those who want cash back simplicity and significant returns on essentials, combined with premium credit card perks.
How to Apply: Step by Step
First, gather your personal and financial information, such as income, employment details, and address. Ensure your credit score is at least 725 for the best approval chances.
Visit the official CIBC or partner site to begin your application. Complete the online form accurately, double-checking for errors to avoid delays.
Submit the application for review. You may receive a decision instantly or within a few business days, depending on eligibility and application verification needs.
If approved, review the card details and set up pre-authorized payments, which can also help you earn bonus rewards if a welcome offer is running.
Once your card arrives, activate it, set up your online banking profile, and start earning cash back on every qualifying purchase.
Main Advantages
One of the strongest pros is the card’s high cash back rates: 4% on groceries and gas, 2% on select other categories, and 1% everywhere else. This maximizes your everyday rewards with little effort.
Another advantage is the redeem-anytime feature, which brings valuable flexibility. Cardholders no longer need to wait for annual redemption and can access their rewards as soon as $10 is accumulated.
Insurance perks, including mobile device protection, extended warranty, and purchase assurance, add peace of mind to your everyday and tech purchases.
Access to the Visa Infinite program is a premium perk. Cardholders enjoy special dining experiences, hotel upgrades, and unique travel benefits unavailable with basic credit products.
Finally, CIBC partners with Journie Rewards to help drivers save at the pump—yet another way the card goes beyond just cash back to deliver tangible value.
A Few Cons
The $120 annual fee may seem steep, especially for lower spenders who may not recoup enough rewards to offset the cost. It requires a careful spending analysis before committing.
Income requirements are higher than average for a cash back card, making it less accessible to those with more modest household incomes.
The insurance package, while solid, doesn’t cover all travel or baggage-related scenarios, so frequent travellers may wish to look elsewhere for robust coverage.
There is a cap to the elevated 4% and 2% earn rates—once you surpass $80,000 in annual purchases, your rewards revert to the 1% base rate for the remainder of the year.
Finally, residents of Quebec are not eligible, limiting access for those living in the province.
Verdict: Is This Card Worth It?
The CIBC Dividend Visa Infinite is a standout for those who spend heavily in grocery and gas categories and want the convenience of on-demand cash back redemption.
Its collection of perks, insurance, and high earn rates make it a compelling choice for many Canadian households, provided you meet the income and credit score thresholds.
While the annual fee and spending caps require attention, the CIBC Dividend Visa Infinite is a leading pick if you want premium rewards and practical daily value from your credit card.
