CIBC
10% cash back (up to $250) for the first four statements, first-year fee rebate, earn strong rewards on groceries, gas, and more. Annual fee: $120.
Introducing the CIBC Dividend Visa Infinite Offer
The CIBC Dividend Visa Infinite stands out with a fantastic limited-time 10% cash back offer, up to $250 in your first four statements. Combine that with a first-year annual fee rebate, making this card highly appealing for new applicants. The annual fee is $120, but with the rebate, that extra savings lets you maximize rewards from day one. Enjoy robust earning rates: 4% on groceries and gas, 2% on transit and recurring bills, and 1% on everything else.
This card is especially beneficial for households with significant grocery and gas expenses. The credit limit typically starts at $5,000, and the interest rate for purchases is 21.99%. Ensure you meet the $60,000 annual personal income—or $100,000 household—to qualify. Review conditions carefully for eligibility and the bonus payout timeline.
How to Apply: Step by Step
Applying for the CIBC Dividend Visa Infinite is straightforward. First, navigate to the application page and prepare your personal and financial information.
Fill in your name, address, date of birth, employment details, and annual income. Consent to the credit check and review the card’s legal terms.
If you qualify, you’ll receive immediate approval online. After approval, review your credit agreement and your physical card is mailed within days. Activate and start spending to unlock the 10% cash back offer.
Key Pros: Why Choose This Card?
One major advantage is the accelerated cash back: you earn up to 10% on purchases made in the first four statements, totalling $250 in rewards for early spending.
The annual fee rebate for the first year means you enjoy premium card benefits and perks without the cost upfront. The 4% cash back categories—groceries, gas, EV charging—outperform most mainstream competitors, really rewarding essential spending.
You can redeem your cash back whenever you wish (as long as you have $10+), and visa Infinite cardholders also get access to special events and hotel perks.
What to Consider: The Cons
The income requirement may exclude some applicants. At least $60,000 in personal income is necessary, which is a hurdle for many Canadians.
The $120 annual fee, while rebated in the first year, will apply in subsequent years. Some Canadians might prefer a no-fee card if their spending habits are relatively light.
Finally, insurance is not as comprehensive as some premium travel cards, so if top-tier travel protection is crucial, this may not be the best fit long-term.
Verdict: Is the CIBC Dividend Visa Infinite Worth It?
The CIBC Dividend Visa Infinite offers an exceptional welcome bonus, generous cash back rates for groceries and gas, and solid all-around value for Canadian spenders. The step-up cash back offer and first-year annual fee rebate maximize your early returns. For those who meet the income criteria and spend heavily on essentials, this card stands out as one of the top choices for maximizing everyday cash back in Canada.
