The highest welcome bonus for non-American Express Cash Back cards
in our market has typically been 10% cash back on up to $2,000 of spending ($200 cash back). That changed when CIBC bumped up the spend limit for their offer to $2,500 over the
first four statement periods. This means that 10% welcome bonus can
earn you up to $250 cash back!
The
offer doesn’t end there however as new CIBC Dividend® Visa Infinite*
cardholders will also get their first year annual fee rebated which
means you can try this card without the annual fee cost. Once you have
hit that $2,500 in spending or after the first four statement periods
your cash back earning will revert to the standard rates as follows:
· 4% cash back on eligible gas and grocery purchases
· 2% cash back on eligible transportation, dining purchases and recurring payments
· 1% cash back on all other purchases
The accelerated earn
rates of 4% and 2% are awarded on the first $20,000 spent in those
categories annually or when you reach $80,000 in annual total purchases
on your account, whichever comes first. Once that limit is reached
you’ll continue to earn cash back but at 1% on all purchases. Remember
as well that with the CIBC Dividend cards you can now redeem your cash
back at anytime throughout the year so long as your cash back rewards
balance is $25 or more.
It’s great to see CIBC provide a boost to the 10% welcome offer
we’ve seen for so many cards. With much of the Canadian marketplace
still eyeing cash back or cash equivalent rewards it is a great time
to offer a sweet welcome bonus like this one and provide that nice
incentive to switch to a cash back rewards card.
Learn more about this offer and apply for the CIBC Dividend® Visa Infinite* Card here.
If your income is below the required amount for the CIBC Dividend® Visa
Infinite* Card this exact same welcome bonus is also available on the CIBC Dividend Platinum® Visa* Card