Offer: up to $300 cash back with CIBC Dividend cards
CIBC Dividend welcome offers
CIBC Dividend® Visa Infinite* Card
The CIBC Dividend® Visa Infinite* Card is one of the best cash back Visa credit cards in Canada.
With this offer, get a value of up to $400:
- A 10% cash back welcome bonus of up to $250 (first 4 statements)
- A $50 cash back bonus when you set up a pre-authorized payment (first 4 months)
- A rebate of the annual fee for the first year ($120 value)
With this CIBC cash back credit card, you get:
- 4% cash back on eligible gas, electric vehicle charging and grocery purchases†
- 2% cash back on eligible transportation and dining purchases and eligible recurring 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 in cash back per month, or $480 in cash back per year with this card for this purchase category!
This CIBC cash back credit card offers extensive insurance coverage:
- Car rental collision/loss damage insurance
- $500,000 common carrier accident insurance
- Out-of-province emergency travel medical insurance
- Purchase protection and extended warranty
- Annual fee
- $0 $120No annual fee the first year
- No annual fee the first year
- Our valuation
- $370Milesopedia first-year estimate First-year valueWelcome bonus$250Annual fee rebated$120Total$370Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$250Annual fee rebated$120Total$370Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- Up to $250
- + First Year Annual Fee Rebate
on CIBC's website
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 value of up to $400:
- A 10% cash back welcome bonus of up to $250 (first 4 statements)
- A $50 cash back bonus when you set up a pre-authorized payment (first 4 months)
- A rebate of the annual fee for the first year ($99 value)
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 eligible recurring payments†
- 1% cash back on all other purchases†
And this CIBC cash back credit card offers some insurance coverage:
- Car rental collision/loss damage insurance
- $500,000 common carrier accident insurance
- Purchase protection and extended warranty
- Annual fee
- $0 $99No annual fee the first year
- No annual fee the first year
- Our valuation
- $399Milesopedia first-year estimate First-year valueWelcome bonus$300Annual fee rebated$99Total$399Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$300Annual fee rebated$99Total$399Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- Up to $300
- + First Year Annual Fee Rebate
on CIBC's website
CIBC Dividend® Visa* Card for Students
The CIBC Dividend® Visa* Card for Students is one of the best cash back Visa credit cards for students in Canada. Apply for the card and get up to $125 in 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 eligible recurring payments†
- 0.5% cash back on all other purchases†
Plus, with this CIBC student credit card, you get a free SPC membership, so you can save instantly at more than 450 in-store and online retailers.
And this CIBC student credit card offers some insurance coverage:
- Purchase protection and extended warranty
- Annual fee
- $0
- Our valuation
- $125Milesopedia first-year estimate First-year valueWelcome bonus$125Total$125Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$125Total$125Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- Up to $125
on CIBC's website
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:
| Cash back rate | Expense category |
| 4 % |
|
| 2 % | |
| 1 % |
- All other purchases
Cash back on a CIBC Global Money Transfer
CIBC Global Money Transfer lets you send money abroad and pay with your CIBC Dividend® Visa Infinite* Card. In addition, it earns 0.25% cash back and there are no transfer fees.
There is also no interest to pay, as long as the balance is paid before the payment due date.
Save on gas with CIBC and Journie Rewards
Link your CIBC Dividend® Visa Infinite* Card with Journie Rewards. So when you pay for gas with this card, you save 3 cents per liter.
In addition, you earn 1 Journie point per litre of gas. When you have 300 Journie points, you get an additional 7 cents per litre on your next gasoline purchase within 30 days.
This is valid only at Ultramar, Pioneer, Fas Gas and Chevron service stations in Canada.
How to claim your cash back
CIBC’s cash back calculation period runs from January to December each year. Cash back is accumulated monthly, but can be redeemed at any time during the year.
The cardholder of the CIBC Dividend® Visa Infinite* Card must have accumulated at least $25 to redeem cash back. It is then applied to the account within 5 days after the request is submitted.
Each December, the cash back balance is automatically redeemed, regardless of the amount. The balance is reset to zero to start a new year.
Free Skip+ Membership ($110 value)
As an eligible CIBC Dividend cardholder, you receive a free Skip+ membership, valued at $110. You enjoy $0 delivery on eligible orders and member-only benefits on SkipTheDishes, a convenient daily addition to your cash back rewards.
Insurance coverage for the CIBC Dividend® Visa Infinite* Card
Here is the insurance coverage included with the CIBC Dividend® Visa Infinite* Card:
| 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.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $0 | |||
| $0 | |||
| $0 |
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.
Our featured card
- Annual fee
- $0 $120No annual fee the first year
- No annual fee the first year
- Our valuation
- $370Milesopedia first-year estimate First-year valueWelcome bonus$250Annual fee rebated$120Total$370Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Milesopedia first-year estimateFirst-year valueWelcome bonus$250Annual fee rebated$120Total$370Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- Welcome offer
- Up to $250
- + First Year Annual Fee Rebate
on CIBC's website
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