CIBC
CIBC Dividend Visa Infinite Card
Welcome Bonus
Earn 10% cash back on first $3,000
cashback groceries gas cashback dining premium
Annual Fee
$120
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Quick Stats
Annual Fee
$120
Purchase APR
21.99%
FX Fee
2.5%
Card Type
visa
Rewards & Earning Rates
| Spending Category | Earn Rate |
|---|---|
| Groceries, Gas, Electric Vehicle Charging | 4% cash back |
| Transportation, Dining, Recurring Payments | 2% cash back |
| All other purchases | 1% cash back |
Welcome Bonus Details
Earn a 10% cash back welcome bonus of up to $300 for the first 4 statements on net purchases up to $3,000. Plus $50 cash back bonus for setting up one pre-authorized payment within first 4 monthly statements. First year annual fee rebated ($120 value).
Fees & Interest Rates
| Annual Fee | $120.00 |
| Additional Card Fee | $30.00 |
| Purchase Interest Rate | 21.99% |
| Cash Advance Interest Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Pros & Cons
Pros
- Industry-leading 4% on groceries, gas, and EV charging
- 2% on transit, dining, and recurring payments
- High $50,000 annual cap (maximum $2,000 cashback)
- Up to $350 welcome bonus value (10% + $50 + fee waiver)
- First-year annual fee rebated
- No limit on total cashback earned
- Annual fee rebate available with CIBC Smart Account
Cons
- $120 annual fee after first year
- Annual spending caps limit maximum rewards
- 2.5% foreign transaction fee
- $10 minimum redemption threshold
- Lower insurance coverage than travel cards
- Best value requires CIBC banking relationship
Eligibility Requirements
Requires $60,000 personal or $100,000 household income; good to excellent credit
Recommended Credit Score: 680+
Categories
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