CIBC
Earn up to 4% cash back on gas, groceries, and EV charging. Annual fee from $120 with competitive rates, plus exclusive limited-time offers.
The CIBC Dividend Visa Infinite Card shines as a leading cash back credit card for Canadians, offering generous rewards on everyday spending. The card currently boasts up to 4% cash back on eligible gas, electric vehicle charging, and grocery purchases. Other categories such as dining, transit, and recurring bills earn 2%, while all other purchases get 1% cash back. The annual fee is $120, while the purchase interest rate is 21.99%, and the cash advance rate is 22.99% for most regions.
Applicants must meet income requirements and credit standards set by CIBC. Cardholders can take advantage of limited-time offers, sometimes including rebates on annual fees or bonus cashback value during the first few months of ownership. The card also features exclusive perks like mobile device insurance and access to Visa Infinite services for travel and everyday privileges.
How to Apply for the CIBC Dividend Visa Infinite Card
Applying for the CIBC Dividend Visa Infinite Card is a convenient, straightforward process. First, visit the official provider’s website and select the appropriate card from their options.
Next, complete the secure digital application form by entering your basic personal and financial details. Applicants need to meet credit score and income criteria set by CIBC.
Once information is submitted, you may be instantly pre-approved or receive a response about your eligibility within a few business days. Digital ID verification may be required.
After approval, your card will be mailed to your recorded address. Online banking and CIBC mobile app access is available for easy account management as soon as your card arrives.
Activate your card and start earning cash back immediately on eligible purchases. Redeem cash back at any time after reaching the minimum required threshold for payout.
Pros of the CIBC Dividend Visa Infinite Card
The high cash back rates on common spending categories like gas, groceries, and transportation make this card exceptionally rewarding for daily use. Cardholders earn without limits on the total cashback they can receive.
Another significant advantage is the inclusion of mobile device insurance and extended product protection programs, adding tangible value and peace of mind to your purchases.
Cons of the CIBC Dividend Visa Infinite Card
An annual fee of $120 may deter those who don’t spend enough in the higher-earning categories to offset the cost. Also, standard interest rates apply if balances are carried.
Eligibility criteria and income requirements can exclude students or those new to credit, narrowing access for some Canadians looking for starter or low-fee cards.
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The CIBC Dividend Visa Infinite Card ranks among the top cash back credit cards in Canada, especially for those spending frequently on gas and groceries. The high earning potential and appealing perks contribute to real value for many users.
If your spending habits align with the card’s strongest categories and you’re comfortable with the annual fee, this offer can help you maximize every dollar spent while enjoying added benefits and protections. It will be an excellent fit for consumers seeking substantial cash back rewards and premium Visa services.
