To the point
Earn up to $250 cash back and a first-year annual fee rebate with this digital exclusive offer for CIBC Dividend Credit Cards.
Milesopedia recommends this card from CIBC
CIBC Dividend® Visa Infinite* Card
🇨🇦
Up to $250 cash back†
CIBC Dividend Cards - 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 our exclusive welcome offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements). And you’ll get a first-year annual fee rebate†!
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).
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 our exclusive welcome offer, receive a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements). And you’ll get a first-year annual fee rebate!†
With the CIBC Dividend® Platinum Visa* Card, you get:
- 3% cash back on eligible gas, EV charging, and grocery purchases.†
- 2% cash back on eligible transportation, dining purchases and recurring 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 Cards - Our take about this welcome offer
These CIBC Dividend Credit Cards offer generous cash back of 3% to 4% on grocery and gas purchases. Thanks to this, the CIBC Dividend® Visa Infinite* Card has been voted Best Cash Back Card of 2024 by Milesopedia!
With this welcome offer, you can get 10% cash back on all purchases, regardless of category. Therefore, you’ll earn up to $250 with all spending on the card up to a maximum of $2,500.
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!
Benefits specific to the CIBC Dividend® Visa Infinite* Card
Cash Back Categories
Here are the CIBC Dividend® Visa Infinite* Card cash back categories in detail:
| 4 % |
|
| 2 % |
|
| 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.
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
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.
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 Out-of-province-of-residence |
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. If you don’t have the minimum income required for this card, you could opt for the CIBC Dividend Platinum® Visa* Card ($15,000 minimum income).
With a first-year annual fee rebate ($120 value) and 10% cash back on up to $2,500 in purchases, these are basic credit cards to have in your wallet.
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