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CIBC Dividend® Visa Infinite
Earn up to 4% cash back on groceries and gas, 2% on dining and recurring bills. Annual fee $120, minimum credit $5,000. Welcome bonus and valuable perks.
CIBC Dividend® Visa Infinite is a strong choice for Canadians seeking top rewards on everyday spending. The card features 4% cash back on groceries and gas, 2% on dining and recurring payments, and 1% on everything else. The current welcome offer grants you up to $250 in bonus cash back.
The interest rate is set at 21.99% for purchases and 22.99% for cash advances. The annual fee is $120. The minimum credit limit for approval is $5,000, and you must have a minimum personal income of $60,000 per year and a good credit score to apply.
How to Apply for CIBC Dividend® Visa Infinite
- Check your eligibility, including credit score and income requirements.
- Gather your identification and financial documents.
- Fill out the secure online application form from CIBC.
- Review the terms and conditions carefully before submitting.
- Wait for the approval decision, usually within a few minutes to days.
Key Advantages
High cash back rates make this card especially attractive for families and regular drivers, with 4% back on two of the most common household expenses. The ability to redeem cash back at any time, starting from $10, offers flexible rewards management.
Additionally, the card includes several valuable insurance coverages, such as travel medical, mobile device, and car rental protection, which can help save on your overall costs.
Drawbacks to Consider
The $120 annual fee and personal income requirement of $60,000 may be restrictive for some applicants. If you have lower monthly spending, the fee may outweigh the value you receive in cash back rewards.
Moreover, insurance coverage is less comprehensive compared to many travel-focused credit cards, and annual cash back rewards are capped for bonus categories.
Final Verdict
CIBC Dividend® Visa Infinite is one of the best cash back cards in Canada, thanks to industry-leading grocery and gas rewards and excellent redemption flexibility. If you meet the income requirements and spend heavily in bonus categories, this card is an excellent option for maximizing cash back on your everyday expenses.
