CIBC Offer: $300 Cash Back + First-Year Free! | Milesopedia
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cibc dividend discounts featuredCIBC Dividend® Visa Infinite* Card featured

CIBC Exclusive Offer: Up to $300 cash back + First-Year Free!

To the point Earn up to $300 cash back and a first-year annual fee rebate with the CIBC Dividend® Visa Infinite* Card welcome offer.

Welcome offer

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

Here’s a digital exclusive offer from CIBC to Milesopedia readers:

For a limited time, earn a 15% cash back welcome bonus of up to $300 (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
  • Flight Delay and Baggage Insurance
  • Trip Interruption Insurance
  • Out-of-Province Emergency Travel Medical Insurance
  • Purchase Security and Extended Protection Insurance

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 15% cash back on all purchases, regardless of the category. Therefore, you’ll earn $300 Cash Back on purchases of up to $2,000.

Plus, you have a period equivalent to 4 monthly statements to earn that 15% cash-back bonus.

This is an unprecedented offer for this credit card; take advantage of it now!

Silver Canada

Cash Back Categories

Here are the details of the cash back categories:

4 %
  • Grocery
  • Supermarket
  • Gas station
2 %
  • Local Transportation
  • Subway
  • Cab, limousine and ride sharing services
  • Restaurant, fast food and bar
  • Pre-authorized payment
1 % All other purchases

Note that the 4% cash back is only valid on the first $20,000 of purchases (made from January to December) at grocery stores, supermarkets and gas stations. 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.

Transfer of dividends cibc

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 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.

Journie dividends

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:

Insurance Coverage
Medical/hospital insurance
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

Bottom line

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 15% cash-back welcome offer, this is a great card to have in your wallet.

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I'm Caroline, a loyalty program specialist! I use my points to travel more often and at a lower price with my spouse and our two children. I'm passionate about writing about the latest rewards news and how to put more points in your pocket.

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