CIBC Dividend VISA Infinite Card
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The CIBC Dividend Visa Infinite Card is a premium cashback card with a $120 annual fee, offering up to 4% cash back on eligible gas, EV charging, and groceries, 2% on dining, transportation, and recurring payments, and 1% on all other purchases. This card features extensive insurance coverage and additional perks such as car rental discounts and exclusive Visa Infinite privileges.
Welcome Offer
First-year annual fee rebate and 10% cash back on net purchases up to $3,000 for the first 4 statements.
Summary
The CIBC Dividend Visa Infinite comes with an annual fee of $120, which is rebated for the first year. Additional cards cost $30 each, also rebated for the first year. The card has a purchase rate of 20.99% and a cash advance rate of 22.99%. This card offers a strong start with fee rebates in the first year, coupled with competitive rates for purchases and cash advances.
Rewards
The CIBC Dividend Visa Infinite offers generous cash-back rewards. Earn 4% cash back on eligible gas, EV charging, and groceries, making your everyday essentials more rewarding. You’ll get 2% cash back on dining, transportation, and recurring payments, helping you save on regular expenses. For all other purchases, earn 1% cash back. This card maximizes your cash-back earnings across a variety of spending categories.
Benefits
The CIBC Dividend Visa Infinite card offers excellent additional perks. If you have a CIBC Smart Plus Account, you can get the annual fee rebated. You can also redeem your cash back anytime through online banking or the mobile app, providing flexibility and convenience. Enjoy savings of up to 10 cents per liter at participating gas stations with Journie Rewards, and get 25% off car rentals at Avis and Budget. This card is designed to enhance your savings and make it easier to access your rewards.
Insurance
- Mobile device insurance
- Out-of-Province Emergency Travel Medical Insurance
- Purchase security and extended protection insurance
- $500,000 Common Carrier Accident Insurance
- Auto rental collision and loss damage insurance
Editor’s Review
CIBC Dividend Visa Infinite Card Review
Overview: The CIBC Dividend Visa Infinite Card is a high-earning cashback card designed for individuals who spend heavily on gas, groceries, dining, and transportation. It offers a generous welcome bonus, extensive insurance coverage, and various exclusive benefits.
Key Features:
- Interest Rate: 20.99% on purchases, 22.99% on cash advances
- Annual Fee: $120 (rebated for the first year)
- Welcome Bonus: 10% cash back for the first 4 statements on up to $3,000 in purchases
Rewards Program:
- 4% cash back on gas, EV charging, and groceries
- 2% cash back on dining, transportation, and recurring payments
- 1% cash back on all other purchases
- No limit on the total cash back you can earn
Fees:
- Annual Fee: $120 (first year rebated)
- Additional Card: $30 each for up to three additional cards (first year rebated)
- Foreign Transaction Fee: 2.5%
Benefits:
- Redeem cash back anytime through CIBC Online Banking or the mobile app
- Save up to 10 cents per liter at participating gas stations with Journie Rewards
- Purchase Security and Extended Warranty Insurance
- Auto Rental Collision and Loss Damage Insurance
- Out-of-Province Emergency Travel Medical Insurance
- Exclusive access to Visa Infinite benefits like hotel perks, dining events, and 24-hour concierge services
Insurance Coverage:
- Out-of-Province Emergency Travel Medical Insurance
- Mobile Device Insurance
- Purchase Security: Covers eligible items against damage or theft for 90 days
- Extended Warranty: Extends the manufacturer’s warranty by up to one additional year
- Travel Accident Insurance: Up to $500,000
- Auto Rental Collision and Loss Damage Insurance
Security Features:
- Fraud alerts
- Visa’s Zero Liability policy
- Spend alerts for managing budget and credit limit
- Digital Disputes Platform for reporting unauthorized transactions
Pros:
- High cashback rates on key spending categories
- Valuable welcome bonus
- Extensive insurance coverage
- Access to exclusive Visa Infinite benefits
Cons:
- Annual fee of $120 (though rebated for the first year)
- 2.5% foreign transaction fee
Who is this card for? The CIBC Dividend Visa Infinite Card is ideal for individuals with substantial spending on gas, groceries, dining, and transportation who want to maximize their cashback rewards. It also suits those who value comprehensive insurance coverage and exclusive Visa Infinite benefits.
Comparison Table:
| Feature | CIBC Dividend Visa Infinite Card | CIBC Dividend Platinum Visa Card | RBC Cash Back Mastercard |
|---|---|---|---|
| Annual Fee | $120 (first year rebated) | $99 (first year rebated) | $0 |
| Rewards Rate | Up to 4% cash back | Up to 3% cash back | Up to 2% cash back |
| Welcome Bonus | 10% cash back on first $3,000 | 10% cash back on first $3,000 | None |
| Travel Insurance | Comprehensive | Basic | None |
| Foreign Transaction Fee | 2.5% | 2.5% | 2.5% |
Final Verdict: The CIBC Dividend Visa Infinite Card stands out with its high cashback rates on essential spending categories and a valuable welcome bonus. Coupled with comprehensive insurance coverage and exclusive Visa Infinite perks, it is a top choice for those looking to maximize their rewards on everyday purchases. The annual fee is justified by the extensive benefits, making it a strong contender in the cashback credit card market. Overall, it scores a 8.9 out of 10 for its rewarding features and practical benefits.
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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