CIBC is continuing to offer the best ever welcome bonus offers for their CIBC Dividend® Visa Infinite* and CIBC Dividend Platinum® Visa* Cards! When you apply for and are approved for either of these cards you’ll now earn 15% cash back over the course of the first four statement periods. The bonus is capped at a total of $300 cash back which means you’ll earn the 15% on your first $2,000 of spending in those first four months. This is $50 more than the previous best offer on these cards.
The offer doesn’t end there however as you will also get a rebate on the first year annual fee which means you can try either of these cards out at no cost to you. Once you have hit that $2,000 in spending or after the first four statement periods your cash back earning will revert to the standard rates as we detail below.
CIBC Dividend Visa Infinite Card
- 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.
- Annual Fee $120 Additional Cards (Up to 3): $30
- Annual interest rate 20.99%† on purchases and 22.99%† on cash advances and 22.99% † on balance transfers
- $60,000 personal or $100,000 household annual income †
Learn more about this offer and apply for the CIBC Dividend® Visa Infinite* Card here.
CIBC Dividend Platinum Visa Card
- 3% 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 3% 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.
- Annual Fee $99 Additional Cards (Up to 3): $30
- Annual interest rate 20.99%† on purchases and 22.99%† on cash advances and 22.99% † on balance transfers
- $15,000 household annual income †
Learn more about this offer and apply for the CIBC Dividend Platinum® Visa* Card here
Wrapping it up
It’s great to see CIBC provide even higher 15% welcome bonus offers on their cards! These are now the best bonuses in the market for cash back only cards. Here at Rewards Canada we consider the CIBC Dividend Visa Infinite Card as the best non-American Express cash back card in Canada so to have it with this big of welcome bonus is just icing on the cake! Should you not meet the income requirements for the Infinite version, the Platinum Card is also an excellent cash back card option.