- 4%Cash back on gas and groceries
- 2%Cash back on restaurants and transportation
- 1%Cash back on all other purchases
The welcome offer provides up to $350 in total value, consisting of a 10% cash back bonus, a pre-authorized payment bonus, and an annual fee rebate.
Earn 4% cash back on gas and groceries, 2% on restaurants and transportation, and 1% on everything else.
The standout feature of the CIBC Dividend Visa Infinite Card is its robust cash back structure, offering 4% on essential purchases like gas and groceries, making it an excellent choice for those looking to maximize their rewards on everyday spending.
Pros:
- High cash back on everyday essentials
- First-year annual fee rebate
Cons:
- Income requirement of CA$60,000 individual or CA$100,000 household
- Annual fee applies after the first year
The CIBC Dividend Visa Infinite Card is particularly suitable for individuals who frequently spend on groceries and gas, as its high cash back rewards on these categories can lead to substantial savings. Additionally, the welcome bonus and overall cash back structure may appeal to those who can offset the annual fee with their spending habits.