The CIBC Dividend® Visa Infinite* which RWRDS Canada considers as the best cash back rewards Visa card is currently available with a 10% cash back welcome bonus. The 10% is awarded on up to $2,000 in spending in the first four statement periods which can work out to as much as $200 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,o00 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 total across 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.
The card also has some additional benefits such as linking your card with Journie Rewards to automatically save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations. And when you use the card to pay for groceries at Save-On Foods, Urban Fare and PriceSmart Foods you’ll automatically earn 2x More Rewards points.
The CIBC Dividend Visa Infinite Card also provides Out of Province/Country Emergency Medical Insurance (10 days under age 65),Auto Rental Collision/Loss Damage Insurance, Mobile Device Insurance, Purchase Security Insurance and Extended Warranty Insurance.
Click here to learn more 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