The CIBC Dividend® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.
With this CIBC Cash Back Credit Card, you get:
- 4% cash back on gas, EV charging, and grocery purchases†
- 2% cash back on eligible transportation, dining purchases and 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 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).
Earn 10% cash back welcome bonus of up to $200 (first 4 statements)!† And you’ll get a first-year annual fee rebate†!
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
This is a digital-exclusive offer.† To be eligible for the offer:
- this offer must have been directly communicated to you from CIBC or from a partner/affiliate;
- you must apply for the eligible card through the link provided in the CIBC or partner/affiliate communication to you†.
This offer is reserved for you. Please do not forward it to anyone else. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another eligible card within the last 12 months.†
This card earns a generous 4% cash back on grocery and gas purchases. Because of this, the CIBC Dividend® Visa Infinite* Card was voted Best 2022 Cash Back Card by Milesopedia!
With this welcome offer, you earn 10% cash back on all purchases, regardless of the category. So, you’ll earn up to $200 cash back with all your credit card spending (up to a maximum of $2,000).
You have a period equivalent to 4 monthly statements to earn that 10% cash back bonus.
It’s a fantastic welcome offer for this cash-back credit card: get it now!
Cash Back Categories
Here are the details of the cash back categories:
|1 %||All other purchases|
Note that the 4% cashback is only valid on the first $20,000 of purchases (made from January to December) at grocery stores, supermarkets, gas stations and electric vehicle rechargers. Above this amount, you’ll earn 1% cash back.
Benefits specific to the CIBC Dividend® Visa Infinite* Card
CIBC Global Money Transfer Cash Back
CIBC Global Money Transfer allows you to send money overseas and pay with your CIBC Dividend® Visa Infinite* Card. Plus, 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
In addition, you earn 1 Journie point per liter 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 gas stations in Canada.
How to claim your cash back
CIBC’s cash back calculation period is from January to December of each year. Cash back is earned monthly, but can be redeemed at any time during the year.
The CIBC Dividend® Visa Infinite* Cardholder must have at least $25 earned cash back to redeem it. Then it is applied to the account within 5 days after the application is submitted.
Every December, the cash back balance is automatically redeemed, regardless of the amount. Thus, the balance is reset to zero, to start a new year.
CIBC Dividend® Visa Infinite* Card Insurance
Insurance included with the CIBC Dividend® Visa Infinite* Card is as follows:
|up to $5,000,000
per person (see details below 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 travel medical care based 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|
This CIBC Dividend® Visa Infinite* Card has great benefits for people who want to earn cash back quickly, for everyday spending.
With a first-year annual fee rebate ($120 value) and a 10% cash back welcome offer, this is a great card to have in your wallet.