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CIBC Dividend Visa Infinite Card Review

CIBC Dividend Visa Infinite credit card
⭐ 3.3/5🏦 CIBCCash Back Card

CIBC Dividend Visa Infinite Card

CREDIT CARD REVIEW

🎁 Up to $350 in welcome value (cash back + fee rebate)

MoneyMint Rating: 3.3/5 — based on our published rating criteria (rewards value, fees, flexibility, and eligibility transparency). Not sponsored by CIBC.

The CIBC Dividend Visa Infinite Card earns 4% cash back on gas, EV charging, and groceries, 2% on dining, transportation, and recurring bills, and 1% on everything else, with the top rates capped at $50,000 in combined annual spend. It carries a $120 annual fee (rebated in year one) and a $60,000 personal or $100,000 household income requirement. It’s a strong tiered cash back option for CIBC customers with moderate spending, though one advertised travel-insurance benefit has an unresolved conflict in CIBC’s own documentation.

At a Glance

Annual fee

$120/yrfirst year rebated; $50/yr per supplementary card (up to 3)

Purchase APR

21.99%25.99% penalty rate

Cash advance APR

22.99%21.99% for Quebec residents

Cash back rate

Up to 4%capped at $50,000 combined annual spend

Foreign transaction fee

2.5%from CIBC’s official rate disclosure

Rewards currency

Cash backVisa network

Income requirement

$60K / $100Kpersonal / household

Issuer

CIBCminimum credit score not published

Pros & Cons

Pros

  • 4% cash back on gas, EV charging, and groceries — among the higher automatic rates in the market
  • 2% on dining, transportation, and recurring bills
  • Up to $350 in welcome value, including a first-year fee rebate
  • Cash back never expires and has no overall earning cap
  • Extensive travel insurance suite and Visa Infinite Concierge

Cons

  • Enhanced 4%/2% rates capped at $50,000 combined annual spend (or a $20,000 grocery+gas sub-cap)
  • $120 annual fee after the first year
  • CIBC’s own documents conflict on whether Common Carrier Accident Insurance is still included
  • Welcome offer’s expiry date isn’t published — confirm current terms before applying
  • $60,000 personal / $100,000 household income requirement

Rewards & Earn Rates

⛽ Gas, EV charging, groceries4% cash backcapped at $50,000 combined annual spend or $20,000 grocery+gas sub-cap
🍽️ Dining, transportation, bills2% cash backsame combined cap applies
💳 All other purchases1% cash backno cap

Cash back accumulates with no expiry and no automatic redemption; cardholders manually redeem, $10 minimum.

Note: CIBC’s own official documents disagree on whether Common Carrier Accident Insurance is still included on this card — one disclosure says it was removed from CIBC Visa cards effective July 2025, while the current Benefits Guide and product page still list it. We’re not stating this benefit as active until CIBC confirms. The welcome offer’s exact expiry date also isn’t published — confirm current terms before applying.

Perks & Benefits

Travel & Insurance

  • Emergency travel medical insurance, up to $5M CAD, first 10 days (age 64 or under)
  • Car rental collision/loss damage insurance, up to $85,000 MSRP
  • Purchase Security & Extended Warranty insurance
  • Mobile Device Insurance, up to $1,000 per occurrence
  • Visa Infinite Concierge and Luxury Hotel Collection access

Coverage & Fees

  • 2.5% foreign transaction fee (standard)
  • $10 minimum cash back redemption, no expiry
  • $120 annual fee, first year rebated

Worth Knowing

  • Common Carrier Accident Insurance status is unresolved — see highlight above
  • Minimum credit score not published
  • No standalone balance transfer promotional rate found

Who It’s For

Best For

  • CIBC customers with moderate spending in gas, groceries, dining, and transportation
  • Applicants who meet the $60K/$100K income bar and can use the extensive insurance suite
  • Anyone who wants tiered cash back without having to select categories

Not For

  • High spenders who’ll exceed the $50,000 combined annual cap
  • Anyone relying on Common Carrier Accident Insurance until CIBC confirms its status
  • No-fee-card shoppers — this card carries a real annual cost after year one
CIBC Dividend Visa Infinite Card credit card
IssuerCIBC
Annual fee$120/yr
Welcome bonusUp to $350 in value
Foreign transaction fee2.5%

See official card details →

This link goes directly to CIBC’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

Key Drawbacks to Know Before Applying

This card’s enhanced 4%/2% cash back rates are capped at $50,000 in combined annual spend (or a $20,000 grocery-and-gas sub-cap) — beyond that, everything drops to 1%. There’s also a genuine, unresolved conflict in CIBC’s own documentation about whether Common Carrier Accident Insurance is still included; one official disclosure says it was removed in July 2025, while the current benefits guide still lists it, so don’t rely on that specific benefit until CIBC confirms it. The welcome offer’s exact expiry date also isn’t published, so confirm current terms directly with CIBC before applying.

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by CIBC and can change without notice; always confirm current terms on the issuer’s official page before applying.