- 4%Cash back on groceries, gas, and EV charging.
- 2%Cash back on transportation, dining, and recurring payments.
- 1%Cash back on all other purchases.
Includes a 10% cash back bonus on purchases and a first-year annual fee rebate of CA$120.
Earn 4% cash back on groceries, gas, and EV charging, 2% on transportation, dining, and recurring payments, and 1% on other purchases.
What sets the CIBC Dividend Visa Infinite Card apart is its impressive cash back structure, particularly the 4% return on groceries and gas. This card is tailored for those who prioritize cash rewards on everyday spending, making it a strong contender for cash back enthusiasts.
Pros:
- High cash back rates on essential categories
- First-year annual fee rebate
Cons:
- Income requirement of CA$60,000
- Limited to specific categories for high rewards
The CIBC Dividend Visa Infinite card is well-suited for consumers who frequently spend on groceries and gas, offering a high cash back rate on these categories. With its annual fee and substantial rewards structure, it may appeal particularly to individuals who regularly utilize their credit card for everyday purchases and seek to maximize their cash back potential.