CIBC Dividend® Visa Infinite* Card Review

Max Earnings Rate
Base Rewards Earning Rate
Annual Fee
First year annual fee rebate
Purchase APR
Cash Advance Interest Rate
Regular Balance Transfer Rate
Get a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!

The CIBC Dividend® Visa Infinite* Card rewards everyday purchases, providing the best cash back rates available in Canada for eligible groceries and gas. It also comes with a respectable insurance suite; access to luxurious travel, dining and entertainment opportunities; and a flexible cash back redemption policy. Its shortcomings are relatively few, and overall it’s likely a good fit for any Canadian who can meet its eligibility requirements.

Pros and Cons of the CIBC Dividend® Visa Infinite* Card


  • Very high cash back rates on groceries and gas
  • Lucrative welcome offer
  • Flexible cash back redemption policy
  • Premium Visa Infinite benefits
  • No limit on the total cash back you can earn


  • Maximum annual spending limits in accelerated cash back categories
  • High-ish annual fee
  • Mid-level income requirement

Welcome Offer

New cardholders are treated to a rebate of the first year’s $120 annual fee for the primary cardholder and the first year annual fee of up to three supplementary cardholders ($30 each). The offer is further enhanced with a 10% cash back welcome bonus of up to $300!

All in all it’s one of the best best sign-up bonuses currently offered in Canada.

Regular Cash Back Rates

After that, CIBC Dividend® Visa Infinite* Card’s main selling point is its high 4% earn rate on eligible gas and groceries, which are generally the two biggest expenditures for Canadians (outside of taxes and housing). The gas/grocery cash back rates are complemented with a very respectable 2% earn rate for expenditures in transportation, dining, and recurring payments (like subscription services).

Cardholders technically have no limit on the total amount of cash back that they can earn. That said, be mindful that the 4% and 2% rates only apply up to the first of these two annual spending milestones:

  • $80K in total eligible card purchases (across all categories, for both primary and additional cardholders)
  • $20K in grocery, gas, transportation, dining, and recurring payments (for both primary and additional cardholders)

After reaching either of the above limits, your purchases in the accelerated categories will earn 1% cash back until the card’s reset period in December of each year.

Fees and Interest Rates

The $120 and $30 annual fees for primary and supplementary cards respectively will be rebated for the first year, appearing as a statement credit within two card statements of your activation. Supplementary cardholders must be added at the time of the card application in order to qualify for their annual fee rebate. The card allows a maximum of four users: the primary cardholder + three additional authorized users.

Regular interest rates and fees are standard for a card at this level:

  • Purchase Annual Interest Rate: 20.99%
  • Cash Advance Annual Interest Rate: 22.99% (for non-Quebec residents only)
  • Balance Transfer Annual Interest Rate: 22.99% (for non-Quebec residents only)
  • Foreign transaction fee: 2.5%

Redeeming Cash Back

A former weakness of the The CIBC Dividend® Visa Infinite* Card was that cardholders did not have the option of redeeming their cash back whenever they wanted to. No longer.

Primary cardholders can now elect to redeem their cash back as a statement credit at any point during the year, provided they’ve accumulated at least $25 in cash back total. This can be redeemed any time through CIBC Online and Mobile Banking®.† Cash back that went unredeemed during the course of the year will be automatically applied as a credit to the primary cardholder’s card balance once annually on the January statement.

Extra Perks and Features

Insurance Benefits

Though it’s a cash back card and not a travel card, the The CIBC Dividend® Visa Infinite* Card nonetheless comes with the below travel insurance covering the primary cardholder, their spouse and their dependent children.

  • Out of Province Emergency Travel Medical – Those 64 and under are eligible for up to $5M in coverage for 10 days. *Applicable even if you don’t charge the cost of your travel to the card.
  • Auto Rental Collision/Loss Damage– Applies to rental vehicles with an MSRP up to $65K for up to a 48-day rental period
  • Common Carrier Accident† – Up to $500,000 coverage for loss of life or limb in plane, ferry or train accidents

It also offers the below purchase insurance:

  • Mobile Device Insurance
  • Purchase Security & Extended Protection
Click Here to Apply

Visa Infinite Travel and Hotel Benefits

All Canadians with cards that belong to the Visa Infinite program can take advantage of the following:

  • Room upgrades, late checkouts, complimentary breakfast, and in-room Wi-Fi at Visa Infinite Luxury Hotel properties (there are over 900 worldwide)
  • Exclusive access to luxury restaurant and winery experiences
  • Access to the Visa Infinite Priority Line and Lounge at the Visa Screening Room at the Princess of Wales Theatre during the Toronto International Film Festival®, as well as exclusive pre-sale access to TIFF tickets and packages
  • The Visa Infinite Screening Series gives cardholders access to complimentary tickets for select advance screenings and special movie events across the country
  • Complimentary Visa Concierge services to aid in travel and purchase planning
  • Tickets to exclusive sports experiences

Eligibility Requirements & Card Application

To qualify for this card you must:

  • Be a Canadian resident
  • Be at least the age of majority in your province
  • Have a minimum annual income of $60,000 as an individual or $100,000 in your household
  • Have not declared bankruptcy within the past 7 years
  • Have a credit score of at least 740

After ensuring that you meet those eligibility requirements, the fastest way to get the card is to apply online here. Just be prepared to answer a few basic questions about yourself, your career, your income, etc.

You can also apply by calling CIBC or booking an in-person appointment at your local CIBC branch.

How Does It Compare?

Credit Card NameCIBC Dividend® Visa Infinite* CardTangerine Money-Back CardTD Cash Back Visa Infinite* Card
Best For…Earning cash back on gas and groceriesChoosing where you earn extra cash backRedeeming cash back at any time
Annual Fee$120 (first-year annual fee rebate)$0$120 (first-year annual fee waiver)
Welcome OfferGet a first-year annual fee rebate and earn a 10% cash back welcome bonus of up to $300!Apply by July 31, 2022 and earn 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.*Earn 10% Cash Back on all Purchases for the first 3 months up to a total spend of $2,000. After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases and Pre-Authorized Payments will continue to earn 6% up to a total spend of $3,500 for the first 3 months. Plus, no Annual Fee for the first year for the Primary and Additional Cardholders. Conditions apply. Must apply online by September 5, 2022.
Rates20.99% Purchase Annual Interest Rate, 22.99% (for non-Quebec residents only) Cash Advance Annual Interest Rate, and 22.99% (for non-Quebec residents only) Balance Transfer Annual Interest Rate19.95% interest rate on Purchases, 19.95% on Cash Advances, and 19.95% on Balance Transfers20.99% interest rate on Purchases, 22.99% on Cash Advances, and 22.99% on Balance Transfers
Apply NowApply NowApply NowApply Now

Terms and conditions apply, *Terms and Conditions apply

The TD Cash Back Visa Infinite* Card is not available for residents of Quebec. For Quebec residents, please click here.

The CIBC Dividend® Visa Infinite* Card  is probably the best cash back card in Canada for those that spend a significant amount of money on gas and groceries. But it’s not the only card that rewards for these spending categories, and there are other cards that have more versatile cash back policies or that combine strong cash back rates with other impressive benefits.

Those who avoid annual fees at all costs should check out the no annual fee Tangerine Money-Back Card, which allows cardholders to choose 2-3 spending categories (including gas and grocery) in which they’ll earn 2% cash back; all other purchases outside those categories earn 0.5%. Cash back from the Tangerine Money-Back Card is applied to the card’s balance on a monthly basis.

Another option is the TD Cash Back Visa Infinite* Card. It has slightly lower gas/grocery cash back rates next to the CIBC Dividend® Visa Infinite* Card (3% compared to 4%), but it does offer other benefits worth serious consideration, like Emergency Road Service via a free Deluxe TD Auto Club membership ($79 value). Its coverage is among the most comprehensive offered by any credit card, and it’s a very valuable feature for those that spend a lot of time on the road, particularly considering that an annual CAA membership with comparable benefits will cost $100+.

Who’s the Card For?

The CIBC Dividend® Visa Infinite* Card is particularly well suited for families and long-distance commuters, given its high cash back rates on gas and groceries. The $120 annual fee is comparable to competing cash back cards with a similar level of benefits. We recommend the card to anyone who spends at least $250 a month on gas and groceries, which will earn enough cash back over the course of a year to make up for the card’s annual fee.

If you’re drawn to this card but don’t have a high enough annual income to qualify, you should instead consider the CIBC Dividend Platinum® Visa* Card, which offers a very similar set of features with a much lower minimum annual income requirement of only $15,000.

Click Here to Apply

Conditions apply

This is a digital-exclusive offer. To be eligible for this offer, you must apply for a new eligible card using the “Apply Now” link available on this webpage.

Quebec Residents – Learn More about this CIBC product here

Résidents du Québec : Pour en savoir plus sur ce produit CIBC, suivez ce lien

Author Bio

Emily Norton - author
Emily Norton is a Toronto based writer and editor. Her personal finance work focuses on themes of career building, lifestyle, wealth inequality, relationships, and budgeting. She is a staff writer for Money After Graduation Inc. and has also been published by IN Magazine, MTV News, and Vagabond City Lit. She is currently finishing her final year of her Professional Writing degree at York University. When she's not writing, she's probably reading. Read more from Emily on her LinkedIn profile.

Article comments

Gaurav says:

Just applied, looking forward to the promotional benefit afforded through

Daniel from GreedyRates says:

Hi Gaurav,
Great to hear. Hope you enjoy the card’s perks!

Usman says:

What is the maximum for the accelerated cash back categories?

Daniel from GreedyRates says:

Hi Usman,
The 4% and 2% cash back offers are only available on the first $80,000 in net annual card purchases or $20,000 on grocery stores, supermarkets, gas service stations and automated fuel dispensers, commuter transportation, eating and drinking places and restaurants or on recurring payments on your account, whichever comes first. After that, card purchases or on recurring payments will earn cash back at the regular rate of 1%. The $80,000 limit and the $20,000 limit will reset to zero after the day your December statement is printed.

Sule McGowan says:

I signed up to this. I received my first statement. I didn’t receive the 10% promotional credit. Also, my gas purchases is not registering for 4%. It appears to show as transportation and goes into the 2% category. Who would I contact to ask about this?

Daniel from GreedyRates says:

Hi Sule,
If you’ve signed up through the above link and are finding you didn’t receive the promotional cash back bonus, please send an email to [email protected] with the email you used when signing up and we’ll have someone look into it. As for the 4% on gas purchases, you’ll need to get in touch with CIBC customer service to get to the bottom of the discrepancy in cash back rates. Good luck.

Jennie says:

This was updated July 16, 2021 however I’m not seeing the “Get a 10% cashback welcome bonus (up to $200)†” on the CIBC website – is this offer now expired? Thanks

Daniel from GreedyRates says:

Hi Jennie,
You’re right- the 10% cash back welcome bonus does not appear on the CIBC website. That said, we work hard with credit card providers to bring exclusive offers to our readers so you can save more. In order to qualify for this welcome bonus, please click through the green “Apply” button at the top of this left of this review (just under the image of the credit card) and it will take you to a special site where you can apply for the credit card and get the 10% cash back on total purchases up to $2,000. Hope you can take advantage of this!

Bonnie Wilson says:

Live in rural area, how do I know what grocery stores and gas , ie is their a list I can review , “ eligible” for cash back

Daniel at GreedyRates says:

Hi Bonnie,
Unfortunately, there isn’t a definitive list that will tell you which stores will qualify for the specific eligible cash back categories. Each credit card issuing company will have specific merchant category codes that will determine how they allocate their rewards. If you’re curious about a specific store, your best bet will be to call the card issuer and ask. Hope this helps and good luck!

Paul Stainton says:

How often are statements? Monthly?

Aaron Broverman says:

Yes Paul, statements do come out monthly.

Nathan says:

I’m confused on 10.99% intro rate as a ‘so-so’ offer. Is there a cap? Like 4000 or 500 in rewards? As far as I tell it 10.99 on everything till next August… what I missing?

Aaron Broverman says:

You are correct Nathan, it is 10.99% on all purchases until next August (as long as you don’t miss a payment). I think the writer meant not that the interest rate itself is so-so, but that she would have liked a higher additional cash back rate more akin to other cash back cards that came out at the same time. Personally, I prefer the purchase rate, as it helps to not accumulate so much debt and spend so much.

Chris says:

You might want to mention that Costco, Walmart, etc. are not considered grocery stores for the purpose of this card.

Aaron Broverman says:

Yes. You are correct Chris. Good catch. These are considered “supercentres” and don’t fall under “eligible” grocery stores