CIBC Dividend® Visa Infinite* Card Review

CREDIT SCORE REQUIREMENTS: Credit Score requirements are based on Young and Thrifty's own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. ?
  • Good/
  • Excellent
Poor 500-599
Fair 660-689
Good 700-749
Excellent 741-900
Our Bottom Line:

If you’re looking for a high-earning cash back card with a lower-than-average annual fee, the CIBC Dividend® Visa Infinite* Card is a strong contender. This card carries loads of earning potential: it offers up to 4% cash back on eligible card purchases. Plus, new cardholders get a first-year annual fee rebate and 10% cash back for the first 4 statements on total purchases of up to $2,000.†

Intro APR Purchases N/A
Intro Term Purchases N/A
Intro APR Balance Transfers N/A
Intro Term Balance Transfers N/A
Balance Transfer APR 22.99%
Purchase APR 19.99%
Cash Advance APR 22.99%
Annual Fee $120
Editors note: Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their Web site.

About the CIBC Dividend® Visa Infinite* Card

The CIBC Dividend® Visa Infinite* Card is a high-earning cash back card that’s notable for its 4% earn rate on eligible groceries and gas† – two of common spending categories for most Canadians. You also get 2% cash back on eligible transportation, dining purchases and recurring payments†, and 1% cash back on all other purchases†.

As a welcome offer, new cardholders get 10% cash back (up to $200). Plus, this card comes with a first-year annual fee rebate†, so signing up won’t cost you a thing.

A big selling feature is the generous insurance package included on this card. The CIBC Dividend Visa Infinite* Card includes comprehensive travel insurance (including Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person), as well as trip interruption, flight delay, and baggage insurance – all valuable offerings for travellers. It also has Auto Rental Collision and Loss Damage Insurance, $500,000 Common Carrier Accident Insurance, and Purchase Security and Extended Protection Insurance.

These perks combined with the generous cash back offering, excellent welcome offer, and competitive annual fee make the CIBC Dividend® Visa Infinite* Card stand out from other premium credit cards.

CIBC Dividend® Visa Infinite* Card  At A Glance
Welcome bonus: 10% cash back (up to $200)* Plus, a first-year annual fee rebate!† Minimum income eligibility: $60,000 individual or $100,000 household
Annual fee: $120 (first year annual fee rebate)† Credit score required: Good
Interest Rate on purchases: 19.99%Interest rate on cash advance: 22.99% (21.99% QC only)
Rewards: 4% cash back on eligible gas and grocery purchases†; 2% cash back on eligible transportation, dining purchases and recurring payments†; 1% cash back on all other purchases†

† Conditions apply

Quebec Residents – Learn More about this CIBC product here

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

Card Features & Benefits

 

The CIBC Dividend® Visa Infinite* Card carries some excellent features by way of its limitless earning potential and extras, offered at a lower-than-average annual fee.

  • Earn 4% cash back on eligible gas and groceries†—two big spending categories for Canadians.
  • 2% cash back on eligible transportation, dining purchases and recurring payments†.
  • Earn 1% cash back on all other card purchases†.
  • Includes Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person, trip interruption insurance, and flight delay and baggage insurance.
  • Includes $500,000 Common Carrier Accident Insurance.
  • Includes Auto Rental Collision and Loss Damage Insurance.
  • Includes Purchase Security and Extended Protection Insurance.
  • Competitive $120 annual fee (first year annual fee rebate).
  • A welcome bonus – Get 10% cash back for the first 4 statements on total purchases of up to $2,000.†

† Conditions apply

Quebec Residents – Learn More about this CIBC product here

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

Learn more about the CIBC Dividend® Visa Infinite* Card.

Other Perks

In addition to cash back rewards, carriers of this card have Out-of-Province Emergency Travel Medical Insurance of up to $5 million per insured person – an incredibly valuable offering for travellers. The policy is valid for the first 15 days of a trip if the covered person is age 64 or under – and you don’t even have to charge your trip to the card, which is a rarity.

Pros and Cons

The biggest draw for the CIBC Dividend® Visa Infinite* Card is the impressive 4% cash back on eligible groceries and gas purchases†. These two spending categories are frequently used and 4% is much higher than most cards offer. You’ll also get 2% cash back on eligible transportation, dining purchases and recurring payments†, which is decent. Also, the base rate of 1% beats out the typical 0.5% seen on most other cash back credit cards.

The welcome promotion of a first-year annual fee rebate† plus 10% cash back (up to $200)* is a nice touch – and is worth up to $320!

One downside: the CIBC Dividend® Visa Infinite* Card requires that you earn $60,000 annually as an individual (or $100,000/annually as a household) in order to be eligible to apply. If you can’t meet this threshold, you may want to look at CIBC Dividend Platinum® Visa* Card instead. It offers the same great cash back earn rate and annual fee but with a leaner, no-frills insurance package.

Pros

  • Excellent welcome offer — — Get 10% cash back (up to $200)* Plus, a first-year annual fee rebate!† Value: up to $320.
  • • Better than average 4% cash back rate on eligible groceries and gas†
  • Better than average base rate — — 1% cash back on all card purchases† beats out many cards that default to 0.5% cash back.
  • Robust travel insurance package
  • Access to exclusive Visa Infinite benefits
  • No limit on the total cash back you can earn

Cons

  • Additional cards are $30 per year
  • Higher minimum annual income eligibility requirement

The Verdict

While this card has a few shortcomings, the CIBC Dividend® Visa Infinite* Card offers an excellent earn rate of 4% on two of the top everyday spending categories—groceries and gas—with no limits on earnings. That coupled with a hefty welcome offer (worth up to $200) and an annual fee that’s waived for this first year (worth $120) makes this card a good contender for most Canadians looking to earn big on common purchases. Travellers will appreciate the impressive insurance package that’s included, and the Visa Infinite perks sweeten the pot. With a first year annual fee rebate, there’s no reason not to give this card a try.

Article comments