CIBC Dividend Visa Infinite
4% cash back on groceries and gas, 2% on transit and dining, 1% all other purchases. $120 annual fee. Redeem rewards anytime, minimum $10. Minimum $60,000 income required.
The CIBC Dividend Visa Infinite is a strong contender for Canadians seeking cash back rewards tailored to family necessities. With a top-tier 4% cash back on groceries and gas, it maximizes value on categories where households tend to spend the most. The current annual fee of $120 is balanced by flexible redemption options — you can claim rewards any time once you reach $10, a feature that stands out for convenience.
Interest for purchases sits at 21.99%, with a minimum income requirement of $60,000. Additionally, cardholders benefit from 2% back on transit, dining, and recurring payments, plus 1% on all other purchases. A mobile device and travel insurance package round out the offering, making it a comprehensive pick for everyday spenders.
Come candidarsi: passo dopo passo
- Check your eligibility — minimum annual personal income of $60,000 required.
- Prepare recent financial and identification documents.
- Visit the CIBC website and complete the secure online application form.
- Review and accept the card’s terms and annual fee.
- Wait for approval and receive your card by mail if accepted.
Vantaggi principali
The biggest advantage is the 4% cash back rate on groceries and gas, which is among the highest available for these everyday categories in Canada. This makes the card especially appealing to families and commuters who spend heavily in these areas.
Additionally, the option to redeem cash back at any time, starting at just $10, offers unmatched flexibility. The included insurance — from mobile device coverage to travel emergency medical and car rental insurance — further boosts the card’s value.
Contro principali
The major drawback is the relatively high minimum income requirement, which may limit accessibility for some. The $120 annual fee might also deter lower spenders who may not earn enough in cash back to offset this cost annually.
Finally, certain insurance coverages and perks are less robust than some premium cards, potentially making this card less attractive for those who prioritize comprehensive travel protection.
Il nostro verdetto
For households and commuters who primarily spend on gas and groceries, the CIBC Dividend Visa Infinite offers exceptional earn rates and flexible reward redemption. While the annual fee and income requirements are worth noting, the practical value for high spenders on everyday essentials is clear. This card is a smart choice for Canadians looking to maximize rewards without restrictive redemption, with plenty of added benefits for frequent users.
