CIBC Dividend Visa Infinite Card review

How the Dividend Visa Infinite earns

The card has three tiers. Groceries, gas and EV charging earn 4% cash back. Transportation, dining, recurring payments and travel booked through CIBC by Expedia earn 2%. Everything else earns 1%, and there’s no limit on the total cash back you can earn.

For example, a family spending $700 a month on groceries and $250 on gas earns $38 a month at 4%. Add $300 of dining and $150 of recurring payments at 2% ($9) and $400 of other spending at 1% ($4), and the total is $51 a month, or $612 a year.

The 2% middle tier is what sets the card apart from simpler grocery cards. Bills, commuting and restaurants all earn double the base rate, so less of your budget falls into the 1% bucket.

The welcome offer

The welcome offer is up to $350 cash back. The main part is a 10% cash back bonus on up to $2,000 in net purchases over your first 4 statements, which works out to as much as $200. The offer also involves setting up one pre-authorized payment within those first 4 statements.

Our data doesn’t itemize how the rest of the $350 headline is made up, so check CIBC’s offer page for the full breakdown before you apply. Spending $2,000 over 4 statements is about $500 a statement, a target the example household above, at $1,800 a month, would pass easily.

Extras for everyday spending

The perks lean toward everyday savings. Linking the card gets you a free Skip+ membership and a $10 monthly Skip voucher, which adds up to $120 a year if you use it every month. Journie Rewards can save you up to 10 cents per litre on fuel.

As a Visa Infinite card, it also includes Visa Infinite hotel, dining and concierge privileges.

Fees, interest and the fine print

The annual fee is $120, rebated for the first year under the current offer. Additional cards carry their own fee, listed at $50 each effective August 1, 2026, up from $30, so confirm the current charge when you add a cardholder.

Foreign currency purchases carry a 2.5% fee, adding about $25 per $1,000 spent abroad. Purchase interest is 21.99% and cash advances are charged 22.99%. Paying the full balance each month keeps your cash back from being eaten by interest.

Insurance coverage

For a cash back card, the insurance is broad, covering mobile devices, your purchases and travel. Check the certificate for coverage periods, limits and exclusions before you rely on it.

• Mobile device insurance
• Purchase security and extended protection
• Out-of-province emergency travel medical
• Common carrier accident insurance ($500,000)
• Car rental collision and loss damage

Who it suits, and who should look elsewhere

The Dividend Visa Infinite suits families and commuters whose biggest costs are groceries and gas, with enough dining and bill spending to make use of the 2% tier. At the example budget above, $612 a year comfortably covers the $120 fee once the first-year rebate ends.

If your grocery and gas spending is light, a no-fee card may leave you further ahead. You’ll also need to meet the income requirement that applies to Visa Infinite cards.

How it compares

The Scotia Momentum Visa Infinite+ Card has the same $120 annual fee and earns up to 4% on groceries, with a welcome offer of 15% cash back in the first 3 months, up to $300.

For no annual fee, the CIBC Dividend Visa Card earns up to 2% on groceries. You earn half the grocery rate, but there’s nothing to pay each year, which can make sense for lighter spenders.

Before you apply

The recommended credit score is 720 or higher, and an income requirement applies. CIBC makes the final decision based on your full credit profile. Confirm the welcome offer, first-year rebate and additional card fees on CIBC’s website before you apply.