CIBC Dividend® Visa Infinite* Card – 10% cash back up to $300 and a first year annual fee rebate

The CIBC Dividend® Visa Infinite* Card has a new boosted welcome bonus that provides up to $300 cash back. The bonus cash back rate of 10% is awarded on up to $3,000 in spending in the first four statement periods.

Up until the beginning of November 2024 RWRDS Canada considered the CIBC Dividend Visa Infinite to be the best non-American Express cash back rewards card in Canada however it has been knocked out of that spot by the new Neo World Elite Mastercard.

The offer doesn’t end with the 10% on $3,000 of spending as new CIBC Dividend® Visa Infinite* cardholders will also get their first year annual fee rebated which means you can try this card out at no cost to you in the first year.

Standard Earn rates

Once you have hit that $3,000 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.

Features and benefits

The card also has some additional benefits such as linking your card with Journie Rewards to save up to 10 cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.

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