CIBC Dividend Visa Infinite
Earn up to 4% cash back on groceries and gas, 2% on recurring bills and dining, and 1% everywhere else. Annual fee: $120. Credit score required: 725+.
How to Apply for the CIBC Dividend Visa Infinite
- Ensure you meet the eligibility: 725+ credit score and $60,000 annual income.
- Visit the CIBC online application portal or your local branch.
- Provide your financial and personal information for assessment.
- Review the terms and submit your application.
- Wait for approval confirmation, which can be instant or within a few days.
Key Advantages of CIBC Dividend Visa Infinite
Earn 4% cash back on groceries and gas—Canada’s most common household expenses. The card also rewards you with 2% cash back on recurring payments and dining purchases.
Enjoy a flexible cash back redemption system. You can redeem your rewards anytime with as little as $10, providing direct control over your cash back earnings.
Considerable Drawbacks
The annual fee is $120 and the minimum personal income requirement is $60,000, making it less accessible for some Canadians.
Insurance coverage is not as comprehensive as other premium cards, which may matter if you rely heavily on travel or purchase protection benefits.
Ostateczny werdykt
If your goal is maximizing rewards on groceries and gas, the CIBC Dividend Visa Infinite is hard to beat for value. This card makes sense for higher income earners who want straightforward cash back and easy redemptions. However, those seeking full insurance packages or a no-fee card may want to look at alternatives.
