Offer: up to $300 cash back with CIBC Dividend cards

Q: How do you unlock the $300 cash back on the CIBC Dividend® Visa Infinite* Card?

The current offer on the CIBC Dividend® Visa Infinite* Card can reach $300 in cash back: up to $250 via 10% cash back on the first 4 statements (up to the offer cap), plus an additional $50 for setting up pre-authorized payments. The $120 annual fee is also rebated in the first year. To unlock the maximum, the cardholder must use the card heavily during the first 4 months and set up a pre-authorized payment (telecom, streaming subscription, insurance) on the CIBC account within the first 60 days.

Q: What are the cash back rates on the CIBC Dividend® Visa Infinite* Card?

The CIBC Dividend® Visa Infinite* Card earns 4% cash back on groceries, at supermarkets, gas stations, and electric vehicle charging stations (up to a combined $20,000 per year), 2% on public transit and dining, and 1% on all other purchases. Cash back is paid automatically each December, with a manual redemption option starting at $25 available at any time. For a household that spends $1,200 per month on groceries, the card returns about $576 per year net of fees.

Q: What minimum income is required for the CIBC Dividend® Visa Infinite* Card?

The CIBC Dividend® Visa Infinite* Card requires a personal income of $60,000 or a household income of $100,000, the standard threshold for Visa Infinite cards in Canada. The CIBC Dividend Platinum® Visa* Card version instead requires $15,000 in household income, making it much more accessible to newcomers, students, and self-employed workers. The CIBC Dividend student card accepts scholarship income or part-time employment income with no minimum threshold. All three cards share the same 4% cash back on groceries and gas.

Q: Is the CIBC Dividend® Visa Infinite* Card accepted at Costco Canada?

No. The CIBC Dividend® Visa Infinite* Card is not accepted at Costco Canada warehouses, since Costco Canada has accepted the Mastercard network exclusively since 2014. Costco purchases must therefore be made with another Mastercard. However, the CIBC card is accepted at all other supermarkets and grocery stores (IGA, Metro, Provigo, Maxi, Loblaws, Sobeys, Walmart), where it earns 4% cash back up to the combined annual cap. At Costco gas stations, the network may accept Visa depending on the location.

Credit Cards Offer: up to $300 cash back with CIBC Dividend cards

To the point Get up to $300 in cash back and a first-year annual fee rebate with CIBC Dividend credit cards.

CIBC Dividend welcome offers

CIBC Dividend^® Visa Infinite* Card

The CIBC Dividend^® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.

Right now, with this welcome offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate on your first year’s annual fees^†!

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With this CIBC cash back credit card, you earn:

4% cash back on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

For example, if you spend $1,000 per month on groceries and/or gas and/or electric vehicle charging, you’ll earn $40 cash back per month or $480 cash back per year with this card for this category of purchases!

And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).

And this CIBC Cash Back Credit Card offers many insurance coverages:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Out-of-Province Emergency Travel Medical Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend Platinum^® Visa* Card

If you don’t meet the income requirements for the CIBC Dividend^® Visa Infinite* Card, you could apply for the CIBC Dividend^® Platinum Visa* Card. The minimum annual income required for this card is $15,000 (household).

With this offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate for your first year’s annual fees!^†

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With the CIBC Dividend^® Platinum Visa* Card, you get:

3% on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

And this CIBC Cash Back Credit Card offers some insurance coverage:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend^® Visa* Card for Students

The CIBC Dividend^® Visa* Card for Students is one of the best Visa credit cards for students with cash back in Canada. Apply for the card and get up to $150 cash back.

With this CIBC Student Credit Card, you get:

2% cash back on eligible grocery purchases^†
1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments^†
0.5% cash back on all other purchases^†

What’s more, with this CIBC Student Credit Card, you benefit from a free free membership to SPC, for instant savings on over 450 in-store and online transactions.

And this CIBC Student Credit Card offers some insurance coverages:

Purchase Security and Extended Protection Insurance

Benefits specific to the CIBC Dividend^® Visa Infinite* Card

Cash back categories

Here is a breakdown of the cash back categories for the CIBC Dividend^® Visa Infinite* Card:

Offer: up to $300 cash back with CIBC Dividend cards - CIBC Dividend transfer

Cash back rate	Expense category
4 %	Grocery Grocery store Gas station Electric vehicle charging
2 %
1 %

Insurance	Coverage
Emergency medical and hospital insurance outside your province of residence	up to $5,000,000 per person (see details on age and duration)
Trip Cancellation or Trip Interruption	None
Flight and baggage delays	None
Common Carrier Accident Insurance	Up to $500,000 per insured person
Lost or Stolen Baggage Insurance	None
Vehicle rental insurance	Vehicle valued up to $65,000
Theft or breakage at the hotel	None
Extended Warranty	up to an additional 1 year
Mobile Device Insurance	up to $1,000
Purchase protection	90 days from date of purchase
Insurance booklet	CIBC Dividend^® Visa Infinite* Card

The CIBC Dividend^® Visa Infinite* Card offers different coverage for emergency medical care while travelling depending on:

the person’s age
the length of the trip

Age	Maximum trip time frame
less than 64	10 days
65 years and older	No coverage

Conclusion

This CIBC Dividend^® Visa Infinite* Card offers attractive benefits for those looking to quickly earn cash back on everyday spending.

If you do not meet the minimum income requirement for this card, you could opt for the CIBC Dividend Platinum^® Visa* Card (minimum income of $15,000) or even the CIBC Dividend^® Visa* Card for Students if you are studying.

Frequently Asked Questions about CIBC Dividend Visa Infinite Cards

Here are frequently asked questions in the milesopedia community about this card.

How do you unlock the $300 cash back on the CIBC Dividend^® Visa Infinite* Card?

The current offer on the CIBC Dividend^® Visa Infinite* Card can reach $300 in cash back: up to $250 via 10% cash back on the first 4 statements (up to the offer cap), plus an additional $50 for setting up pre-authorized payments. The $120 annual fee is also rebated in the first year. To unlock the maximum, the cardholder must use the card heavily during the first 4 months and set up a pre-authorized payment (telecom, streaming subscription, insurance) on the CIBC account within the first 60 days.

What are the cash back rates on the CIBC Dividend^® Visa Infinite* Card?

The CIBC Dividend^® Visa Infinite* Card earns 4% cash back on groceries, at supermarkets, gas stations, and electric vehicle charging stations (up to a combined $20,000 per year), 2% on public transit and dining, and 1% on all other purchases. Cash back is paid automatically each December, with a manual redemption option starting at $25 available at any time. For a household that spends $1,200 per month on groceries, the card returns about $576 per year net of fees.

What minimum income is required for the CIBC Dividend^® Visa Infinite* Card?

The CIBC Dividend^® Visa Infinite* Card requires a personal income of $60,000 or a household income of $100,000, the standard threshold for Visa Infinite cards in Canada. The CIBC Dividend Platinum^® Visa* Card version instead requires $15,000 in household income, making it much more accessible to newcomers, students, and self-employed workers. The CIBC Dividend student card accepts scholarship income or part-time employment income with no minimum threshold. All three cards share the same 4% cash back on groceries and gas.

Is the CIBC Dividend^® Visa Infinite* Card accepted at Costco Canada?

No. The CIBC Dividend^® Visa Infinite* Card is not accepted at Costco Canada warehouses, since Costco Canada has accepted the Mastercard network exclusively since 2014. Costco purchases must therefore be made with another Mastercard. However, the CIBC card is accepted at all other supermarkets and grocery stores (IGA, Metro, Provigo, Maxi, Loblaws, Sobeys, Walmart), where it earns 4% cash back up to the combined annual cap. At Costco gas stations, the network may accept Visa depending on the location.

Offer: up to $300 cash back with CIBC Dividend cards

CIBC Dividend welcome offers

Benefits specific to the CIBC Dividend^® Visa Infinite* Card

Cash back categories

Cash back on a CIBC Global Money Transfer

Save on gas with CIBC and Journie Rewards

How to claim your cash back

Insurance coverage for the CIBC Dividend^® Visa Infinite* Card

Conclusion

Frequently Asked Questions about CIBC Dividend Visa Infinite Cards

Suggested Reading

CIBC Dividend welcome offers

Benefits specific to the CIBC Dividend® Visa Infinite* Card

Cash back categories

Cash back on a CIBC Global Money Transfer

Save on gas with CIBC and Journie Rewards

How to claim your cash back

Insurance coverage for the CIBC Dividend® Visa Infinite* Card

Conclusion

Frequently Asked Questions about CIBC Dividend Visa Infinite Cards

Suggested Reading

Benefits specific to the CIBC Dividend^® Visa Infinite* Card

Insurance coverage for the CIBC Dividend^® Visa Infinite* Card