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Everything about CIBC Dividend®️ Visa Infinite

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One of the primary attractions of the CIBC Dividend Visa Infinite Card is its impressive cash back rates. With 4% cash back on essential categories like gas and groceries, including electric vehicle charging, it’s tailored for everyday use. Imagine getting a significant return on your regular shopping trips!

THE BEST CREDIT CARD FOR OVERALL CASH BACK & CASH BACK ON GAS IN CANADA

CIBC Dividend®️ Visa Infinite Credit Card

How to apply

Rates & Fees

Journie Rewards add even more value with fuel discounts

With some of the highest earn rates available in Canada, the CIBC Dividend Visa Infinite will put cash back in your pockets when you spend on essentials like groceries, gas, recurring bills and much more.

Welcome Bonus


Up to $200

Annual Fee


$120 (rebated in the first year)

Regular APR


20.99%

Credit Score


Very Good


Rates & Fees

How to apply

Journie Rewards add even more value with fuel discounts

With some of the highest earn rates available in Canada, the CIBC Dividend Visa Infinite will put cash back in your pockets when you spend on essentials like groceries, gas, recurring bills and much more.

Welcome Bonus


Up to $200

Annual Fee


$120 (rebated in the first year)

Regular APR


20.99%

Credit Score


Very Good

The reason the CIBC Dividend Visa Infinite  tops our list is simple: It earns the most in annual cash back in Canada—even when you factor in the $120 annual fee. However, that fee is waived in the first year and is more than covered by the huge welcome bonus of up to 10% cash back on your first four statements (a $250 value). What’s more, this card offers a host of other perks, like travel and consumer insurance protections.

  • Earn 10% cash back on $2,000 in net purchases over the first four statements.
    $120 annual fee waived in the first year
  • Earn 4% cash back on grocery and gas purchases up to $20,000 per year in those purchases or up to $80,000 in annual net credit card purchases (whichever comes first)
  • Earn 2% cash back on dining, transportation and recurring bills or payments up to $20,000 in those purchases or $80,000 in net credit card purchases (whichever comes first).
  • Earn 1% cash back on all other purchases with no limit
  • Once you’ve earned $25 in cash back, you can redeem any time through CIBC mobile and online banking. You can also opt to receive cash back each year on your January statement
  • Link your card to Journie Rewards to save up to $0.10 per litre at Pioneer, Fas Gas, Ultramar and Chevron gas stations
  • Get up to $5 million in out-of-province emergency travel medical insurance for trips up to 10 days when you’re under age 64
  • Get common carrier accident insurance up to $500,000
  • Primary car rental collision/loss damage insurance for a rental car valued up to $65,000 MSRP (excluding taxes) for 48 days
  • Mobile device insurance up to $1,000 (when the device is charged to the card)
  • Purchase security up to 90 days from the date of purchase and extended protection up to one year after the expiration of the product’s original warranty
  • Perks from the Visa Infinite Program, including insurances, concierge service, exclusive culinary experiences and hotel perks such as free Wi-Fi complimentary breakfasts and late checkouts at hotels belonging to the Visa Luxury Hotel Collection

Why We Recommend the CIBC Dividend®️ Visa Infinite Credit Card

If you’re a Canadian resident looking for a credit card that not only simplifies your spending but also rewards you generously, the CIBC Dividend®️ Visa Infinite Card is an excellent choice. This card stands out in the competitive world of cash back credit cards, offering an array of benefits that cater to diverse spending habits.

The card further sweetens the deal with 2% cash back on transportation, dining, and recurring payments – ideal for those who love to dine out or have several subscription services. And for everything else, you still earn 1% back, ensuring that every purchase counts.

The card’s annual fee of $120 is rebated for the first year, making it an attractive option for new users. Moreover, if you’re part of the CIBC Smart Plus™ program, you can enjoy this rebate every year, adding to the long-term value. The welcome offer extends to three additional cardholders, perfect for families wanting to maximize their cash back potential.

Moreover, the CIBC Dividend Visa Infinite Card doesn’t cap your rewards, allowing you to accumulate significant cash back over time. This feature is particularly beneficial for high spenders or large families, where monthly expenses can quickly rack up.

How You Can Use the CIBC Dividend®️ Visa Infinite Credit Card

The CIBC Dividend Visa Infinite Card is not just a payment tool; it’s a lifestyle enhancer. Designed for the savvy spender, this card is your companion for a range of activities. Whether you’re fueling up your car, shopping for groceries, enjoying a meal out, or managing recurring bills, this card ensures you’re getting rewarded for every dollar spent.

The card’s robust reward structure is particularly beneficial for regular commuters or those with a penchant for dining out. The savings on fuel and dining can add up to substantial amounts over time, offering more than just convenience but also tangible financial benefits. Additionally, the 1% cash back on other purchases means that whether you’re buying a new gadget, booking a holiday, or simply indulging in a bit of retail therapy, you’re continuously earning rewards.

But the CIBC Dividend Visa Infinite Card is more than just a cash back card. It’s a gateway to a range of perks and privileges that elevate your experience. The insurance coverage is a standout feature, offering peace of mind with benefits like Mobile Device Insurance and Out-of-Province Emergency Travel Medical Insurance. These coverages protect you from unexpected expenses, making the card an essential travel companion.

For those who love to travel or frequently rent cars, the card offers up to 25% off at participating Avis® and Budget® locations, making your journeys more affordable. The card also offers a Visa Infinite® program, which includes exclusive hotel benefits, unique dining events, and 24-hour concierge services, enhancing your lifestyle with luxury and convenience.

Sending money abroad is also a breeze with the CIBC Dividend Visa Infinite Card. With no transfer fees to over 120 countries and no interest if the balance is paid by the due date, it’s an excellent tool for international transactions.

The card’s security features deserve special mention. With Visa’s Zero Liability Policy, fraud alerts, and a Digital Disputes Platform, it ensures that your transactions are safe and secure, providing an added layer of protection against fraud.

Advantages of the CIBC Dividend®️ Visa Infinite Credit Card

When it comes to choosing a credit card that truly rewards you for your everyday spending, the CIBC Dividend®️ Visa Infinite Card shines bright. One of its biggest draws is the lucrative cash back rates: 4% on gas and groceries including electric vehicle charging, and 2% on transportation, dining, and recurring bills. This is especially beneficial for those who have a significant portion of their budget allocated to these categories. Plus, you’re not left out on other purchases, as the card offers 1% cash back on everything else.

The welcome offer is quite attractive too, waiving the first year’s annual fee of $120 not just for you, but for up to three additional cardholders. This feature makes it a great option for families. The card’s association with the CIBC Smart Plus™ program for annual fee rebates adds to its long-term value.

Moreover, the insurance coverage, including Mobile Device and Emergency Travel Medical Insurance, offers a safety net that’s invaluable. The Visa Infinite® program with its array of benefits, including hotel upgrades, exclusive dining events, and 24-hour concierge service, caters well to the lifestyle of the discerning spender.

How to apply
 

Disadvantages of the CIBC Dividend®️ Visa Infinite Credit Card

Despite its many benefits, the CIBC Dividend®️ Visa Infinite Card does have a few drawbacks. The most notable is the high income requirement – $60,000 individually or $100,000 for a household.

This makes the card less accessible to a segment of potential users. Additionally, the relatively high interest rates of 20.99% on purchases and 22.99% (21.99% for Quebec residents) on cash could be a concern for those who tend to carry a balance on their credit cards.

Credit Analysis for the CIBC Dividend®️ Visa Infinite Card

Applying for the CIBC Dividend®️ Visa Infinite Card involves a thorough credit analysis, as with most premium credit cards. CIBC, like other financial institutions, looks at several factors to determine your creditworthiness.

The primary consideration is your income; you need to have an annual income of at least $60,000 individually or $100,000 as a household. This criterion ensures that potential cardholders have the financial stability to manage a credit card with such a range of benefits and a higher credit limit.

Your credit score plays a crucial role in this process. A good to excellent credit score not only increases your chances of approval but also potentially affects the credit limit offered. CIBC assesses your credit history, looking at your past credit behavior, payment history, and existing debts. This analysis helps them gauge how responsibly you manage credit and whether you’re likely to pay your dues on time.

Additionally, your overall financial situation, including assets and existing liabilities, is considered. This holistic approach to credit analysis ensures that the card is offered to individuals who can comfortably leverage its benefits without falling into financial difficulties.

For potential cardholders, it’s important to be aware that applying for the card will involve a credit check, which can temporarily impact your credit score. This is standard for most credit card applications, but it’s something to keep in mind, especially if you’re planning to apply for multiple credit products around the same time.

Is There a Minimum and Maximum Limit for the CIBC Dividend®️ Visa Infinite Credit Card?

When considering the CIBC Dividend®️ Visa Infinite Credit Card, it’s significant to understand its credit limit range.

While CIBC doesn’t explicitly advertise a specific maximum limit, it’s known that limits are tailored based on individual financial circumstances. Generally, Visa Infinite cards are positioned towards higher spending and offer substantial credit limits to match. The minimum limit usually starts at around $5,000.

Your credit limit with the CIBC Dividend Visa Infinite will depend on factors like your income, credit score, and financial history. This personalized approach ensures that your credit limit aligns with your financial ability and creditworthiness.

Ready to Apply? Learn How to Get the CIBC Dividend®️ Visa Infinite Credit Card Here

Thinking of getting the CIBC Dividend®️ Visa Infinite Credit Card? You’re just a click away from unlocking a world of rewards and benefits. Applying is easy and straightforward. By clicking the button below, you’ll be guided through the application process.

It’s your first step towards enjoying lucrative cash back on everyday purchases, comprehensive insurance coverage, and exclusive Visa Infinite perks. Whether you’re looking to maximize rewards on your daily spending or seeking a card that complements your lifestyle, the CIBC Dividend Visa Infinite is here to elevate your financial experience.

Don’t wait – click below and start your journey to becoming a CIBC Dividend Visa Infinite cardholder today!

How to apply

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