CIBC Dividend® Visa Infinite* Card Review

This card will persuade you with its generous sign-up offer, its popular cashback categories, and its first-year-free rebate.

Jun 29, 2026 6:43 PM

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The Bottom Line


If you’re someone who spends a lot of money on gas and groceries (especially gas), then the CIBC Dividend Visa Infinite Card could be the credit card you’ve been waiting for.

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Welcome Bonus

Earn up to $350 in value†

Rewards Rate

1% - 4%

Cash Back

Annual Fee

$120 $0

Interest Rates

20.99% / 22.99%□

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Rewards

  • 4% cashback on Gas and Groceries if they are in the first $80K transactions of the year and $20K of categorical spends
  • 2% cashback on Transportation, Dining and Recurring payments if they are in the first $80K transactions of the year and $20K of categorical spends
  • 1% cashback on all other credit card purchases.

Insurance

Coverage

  • travel accident medical

    Travel Medical Insurance (64 & under)

    $5 Million per person, per trip. 10 day coverage
  • car insurance

    Car Rental Damage & Theft

    $65K
  • heart lock

    Common Carrier Travel Accident Insurance

    $500K
  • mobile device insurance

    Mobile Device Insurance

    $1000 per person, per occurrence
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    Up to a year

Benefits

Details

  • gas station

    Gas Discount

    save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations
  • car rental

    Car Rental Discount

    Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.

Eligibility

  • Credit Score

    Good
  • Annual Income

    $60,000 personal or $100,000 household

Welcome Bonus Details


  • Earn a 10% cash back welcome bonus of up to $200 for the first 4 statements on net purchases up to $2,000† 
  • A $50 cash back bonus for setting up one pre-authorized payment within the first 4 monthly statements† 
  • Plus, get a first-year annual fee rebate valued at $120†

Card Details


Interest Rates

Purchase APR

20.99%

Cash Advance APR

22.99%□

Balance Transfer APR

22.99%

□ Cash advance rate for Quebec residents is 21.99%

Fees

Annual Fee

$120

$0 first year

Additional Cards

$30 (first year waived)

Eligibility

Minimum Individual Income

$60,000

Minimum Household Income

$100,000

Credit Score Estimate

Good

Type

Card Type

Credit

Reward Type

Cash Back

Pros & Cons


Pros

  • First-year fee rebate
  • High cashback rates
  • Unlimited cashback earnings
  • Fuel savings
  • Car rental discounts

Cons

  • High income requirements
  • Annual fee
  • Lower insurance coverage

Our Detailed Review


How You Earn Rewards with the CIBC Dividend Visa Infinite Card

We mentioned the CIBC Dividend Visa Infinite Card’s strong rewards program at the start of this review, but let’s break down what makes this card one of the top CIBC credit cards in Canada.

As a cardholder, you can expect to earn:

  • 4% cashback on gas, electric vehicle charging, and groceries if they are in the first $80k transactions of the year and $20k of categorical spends
  • 2% cashback on transportation, dining, and recurring payments if they are in the first $80k transactions of the the year and $20k of categorical spends
  • 1% cashback on all other credit card purchases

While gas and groceries are the most optimized earn categories on this card, you can also collect solid cashback on other everyday spend categories like transportation, dining, and recurring payments, making the card one of the best cashback credit cards in Canada.

Redeeming your Rewards with the CIBC Dividend Visa Infinite Card

CIBC makes collecting your earned cashback extremely simple. All you have to do is request your cashback as a statement credit through the online banking portal or app as soon as you’ve accumulated at least $25.

Benefits and Perks


6 Benefits of the CIBC Dividend Visa Infinite Card


According to our scoring system, the CIBC Dividend Visa Infinite Card is a decently rated option.


Let’s take a closer look at what earns this card an above-average score.


Firstly, this card caters to the budget-conscious by voiding the annual fee for the first year of membership.


The card also offers applicants a nice head-start by providing extra cashback for the first few statements on net purchases of up to $2,000 – so start spending right away! You can also earn extra cashback when you set up a pre-authorized payment within the first few monthly statements.


As you’ll recall, the CIBC Dividend Visa Infinite Card earns you top cashback rates on everyday spend categories like gas and groceries, plus admirable rates on other popular categories like transportation, dining, and recurring payments. Overall, cardholders receive high reward rates on common categories and a ton of optimization in general. 


Not to mention, if you’re most interested in optimizing your fuel expenses, note that the CIBC Dividend Visa Infinite Card is considered to be one of the best gas credit cards in Canada.


Sure, there are some transaction caps on specialized categories, but these caps are pretty high. Thankfully, even if you do happen to meet these limitations, the standard base rate on the CIBC Dividend Visa Infinite Card remains uncapped.


If you tend to travel by car, you’ll be pleased to know that the CIBC Dividend Visa Infinite Card provides cardholders with gas discounts at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations, plus car rental discounts at eligible Avis and Budget locations across the globe.


When you link your CIBC Dividend Visa Infinite Card with Journie Rewards, you can save up to 10 cents per litre when you use your card to pay for fuel at participating Pioneer, Fas Gas, Ultramar, and Chevron gas stations.


That's 3 cents saved per litre each time you fill up and 7 cents saved per litre whenever you reach 300 Journie Points.



Drawbacks and Considerations


3 Downsides to the CIBC Dividend Visa Infinite Card


At the same time, the CIBC Dividend Visa Infinite Card also comes with a few downsides.


The card becomes less accessible on account of its annual income requirements.


The CIBC Dividend Visa Infinite Card requires either a personal annual income of $60,000 or a household annual income of $100,000.


For a paid credit card, some cardholders might expect the CIBC Dividend Visa Infinite Card to have more extensive insurance coverage.


As of now, the card offers basic coverages like purchase protection and extended warranty insurance, plus mobile device insurance, emergency out of province medical insurance, car rental damage and theft insurance, and travel accident insurance.


Unfortunately, the overall earn-rate of the CIBC Dividend Visa Infinite Card isn't quite as optimized for the average spender compared to other cashback credit cards.


Simply put, everyday earn categories like dining tends to be a much bigger expense than, say, gas (the most notable earn category on this card), so cards that boost dining expenses at a higher rate might be more beneficial overall – unless of course you're looking to prioritize your fuel payments in particular, plus groceries on top of that.


Compare to Similar Cards


Comparison to Other Top Gas Credit Cards in Canada


There are a few competitive gas contenders to consider before committing to the CIBC Dividend Visa Infinite Card.


Limited offer

Scotiabank Amex Gold

Scotiabank

5.0

Great rewards, travel benefits and no FX fees
neo world elite mastercard

Neo Financial

4.6

High cash back on groceries & gas

Annual Fee

$0

$120

$149

$0 first year

Interest Rates

Purchase

21.99%*

Cash advance

21.99%*

Rate details

Purchase

21.99%

Cash advance

22.99%

Balance transfer

22.99%

Purchase

19.99% - 26.99%

Quebec

19.99% - 23.99%

Cash advance

22.99% - 28.99%

Balance transfer

22.99% - 31.99%

Welcome Bonus

Up to $100 in Statement Credits

Earn up to $950 in welcome offers, first year rewards and savings value, and up to 50,000 bonus Scene+ points.

—

Rewards

$409.2

First year rewards

$1,016.6

First year rewards

$525.48

First year rewards

Apply Now

on American Express' website

Apply with Confidence — won't impact your credit score

Apply Now

on Scotiabank's website

Apply Now

on Neo Financial's website


CIBC Dividend Visa Infinite Card vs Scotiabank Gold American Express Card


Not only does the Scotiabank Gold American Express Card pocket flexible Scene+ points on Gas, it also unlocks up to 12¢/L in value on fuel purchases at Shell stations. That's more savings than possible with the CIBC Dividend Visa Infinite Card. The coverage on this competitive is also more comprehensive and the card offers more perks like no foreign transaction fees and a discount on a Priority Pass membership. The income requirements are also much lower.


Verdict: The Scotiabank Gold American Express Card is more accessible and offers better fuel savings, cardholders can also expect better coverage and perks.


CIBC Dividend Visa Infinite Card vs SimplyCash Preferred Card from American Express


The SimplyCash Preferred Card from American Express earns similar cashback on eligible gas station purchases in Canada, plus similar grocery optimization. The coverage on this card is also superior. Additionally, this contender sports a lower annual fee and no income requirements.


Verdict: The SimplyCash Preferred Card from American Express is very similar to the CIBC Dividend Visa Infinite Card, except it's more affordable and accessible. The only real catch is its lack of a gas discount.


CIBC Dividend Visa Infinite Card vs Neo World Elite Mastercard – Gas & Grocery


Initially, the Neo World Elite Mastercard – Gas & Grocery earns less cashback on gas, but this rate (among others) can be boosted when you purchase from Neo partners. Some of the gas chains partnered with Neo in Canada are Shell, Esso, and Petro Canada. The Neo World Elite Mastercard – Gas & Grocery also has better coverage, but lacks a gas-oriented discount. Note as well that the annual fee is higher as well as the income requirements.


Verdict: The Neo World Elite Mastercard – Gas & Grocery may offer better overall value as a cashback credit card, especially when you purchase from Neo partners, but it's less accessible and affordable.

About the author

Sara Skodak

Sara Skodak

Lead Writer

Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...

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CIBC Dividend® Visa Infinite* Card Cash Back Calculator

†This offer applies to the following Eligible Cards: CIBC Dividend® Visa Infinite* Card and CIBC Dividend Platinum® Visa* Card. You can qualify for this offer if you apply and are approved for a new eligible card beginning on April 7, 2026.

If you apply and are approved for a new eligible card, you will receive 10% cash back on the net purchases posted to your account within the first 4 monthly statement periods or $2,000 in total net purchases (equal to $200 cash back), whichever comes first.  

To qualify for a $50 cash back bonus, the primary cardholder must set up one (1) recurring bill payment within the first four (4) monthly statements. Recurring bill payments are automatically billed by a specific merchant to your credit card account on a regular basis (annually, monthly, biweekly, or weekly). If the payment is not set up as a recurring bill payment and the first payment is not posted to your account within the first four (4) monthly statements, it will not qualify for this offer. Please allow 8 to 12 weeks after the first recurring bill payment is posted for the cash back to appear on your credit card account. Authorized users are not eligible for this offer. The credit card account must be open and in good standing at the time the cash back is awarded. Limit of one $50 cash back bonus per account. Existing terms of your credit card account continue to apply. This offer is non-transferable and cannot be combined with any other offer. This offer may be withdrawn or changed without prior notice at any time. This offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.

Regular cash back rate(s) do not apply on purchases on which the promotional rate of 10% applies. Cash back is earned on purchases less returns and credits. For this offer, the following do not qualify as purchases: cash advances, CIBC Global Money Transfers™, interest, fees, balance transfers, payments or CIBC Convenience Cheques. Promotional cash back will appear on your statement no later than 8 weeks after the end of the fourth monthly statement period.

Offer applies to newly approved card accounts only. Transfers and product changes from other CIBC credit cards are excluded from this offer. This offer is not transferable. This offer may be withdrawn or changed without prior notice at any time. CIBC may approve your application, but you are not eligible to receive this Offer if you have opened, transferred or cancelled another Dividend card within the last 12 months. This offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.  

A one-time annual fee rebate for you (the primary cardholder) and up to three authorized users added at the time of the application. This offer does not apply to annual fees for authorized users that are added after you submit your application. This offer applies for the first year only. If your application for an eligible card is not approved, you may be considered for another card (as disclosed in your credit card application). If you are approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card. If you qualify, the rebate will be awarded to you and will appear as a credit against the applicable annual fee(s) within two statements. Your new credit card account must be open and in good standing at time the rebate is awarded.