Cash Back
Premium / High-End
CIBC Dividend Visa Infinite Card
CIBC
Current Welcome Offer
Join and earn up to $350 in value including an annual fee rebate.
Annual Fee
$120
$0
1st Year Free
Purchase APR
21.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$350
RateBuddy Verdict
The Good
- Offers an industry-leading 4% cash back on gas and groceries, making it ideal for daily essentials.
- Provides highly flexible on-demand redemption; you can claim your cash back any time your balance is over $10.
- Includes a comprehensive insurance suite for a cash back card, featuring both Travel Medical and Mobile Device insurance.
- First-year annual fee is waived for the primary cardholder and up to three additional users.
The Trade-offs
- Requires a minimum personal income of $60,000 or a household income of $100,000.
- Does not include Trip Cancellation or Trip Interruption insurance, unlike CIBCs Aventura Infinite travel card.
Rewards & Earnings
Groceries 4.00%
Dining & Takeout 2.00%
Gas & Transit 4.00%
Travel 2.00%
Base Rate 1.00%
Rewards Summary: Gas, EV & Groceries: 4% cash back; Dining, Transit & Recurring Bills: 2% cash back; CIBC by Expedia: 2% cash back; Base Earn: 1% unlimited cash back; Redemption: On-demand (min. $10).
- Gas, EV Charging & Groceries: 4.0%
- Dining, Transportation & Recurring Payments: 2.0%
- CIBC by Expedia Travel: 2.0%
- All Other Purchases: 1.0%
Welcome Bonus Details
Join and earn up to $350 in value including an annual fee rebate.
Estimated Value: $350.00
Features & Benefits
Travel Medical Insurance
Included (Out-of-Province Emergency Travel Medical)
First-Year Fee Waived
First-year fee rebated for primary and up to 3 authorized users
Mobile Device Insurance
Up to $1,000 coverage included
Car Rental Collision/Loss Damage Waiver
Included
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Concierge Service
24/7 complimentary concierge
Hotel Status Benefits
Visa Infinite Exclusive Offers
Common Carrier Accident Insurance
Up to $500,000 coverage
Additional Perks
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Insurance Coverage
Emergency Medical: Included; Mobile Device: Included ($1,000); Car Rental Collision: Included; Common Carrier: $500,000; Purchase Security & Extended Warranty: Included.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $120 |
| Income Required |
Personal: $60,000 Household: $100,000 |