CIBC Dividend Visa Infinite

Overview

The CIBC Dividend Visa Infinite is CIBC's premium cashback card — a Visa Infinite product earning the highest cash back rates in CIBC's Dividend lineup across groceries, gas, dining, transit, and recurring payments. At $120 CAD annually, it's one of the stronger everyday cashback options in the Canadian market, earning 4% on the two highest-spend categories for most households. Cash back is paid directly and redeemable at any time, with no points conversion needed.

Who this card is for

You need $60,000 CAD individual or $100,000 CAD household income to qualify. This card is built for households with significant monthly spend on groceries and gas — specifically those spending $400 CAD or more per month across those two categories, where the 4% rate quickly outpaces the annual fee. It's also a compelling choice for anyone who currently uses a no-fee or lower-tier cashback card and is ready to step up to a premium rate. Simplicity matters here: if you want strong returns without managing travel programs, this card delivers.

Key benefits

The earn rates are 4% cashback on eligible groceries, gas, and EV charging, 2% cashback on eligible transportation and dining purchases plus recurring bill payments, and 1% cashback on all other purchases. Spend $1,000 CAD per month on groceries and gas combined and you're generating $480 CAD per year in cashback from those two categories — well more than four times the annual fee.

Cashback is redeemable through CIBC Online Banking or the CIBC Mobile Banking app with a minimum balance of $25, and there's no cap on total earnings. The card also includes comprehensive travel and medical insurance, purchase security, and extended warranty protection — meaningful additions at the $120 CAD fee level. You can also connect with Journie Rewards to save up to 10 cents per litre at participating gas stations, stacking your savings on top of the 4% cashback rate.

Potential drawbacks

The $60,000 CAD income requirement is a barrier for some applicants. Unlike travel cards, cashback doesn't offer the same ceiling for high-value redemptions — if you're comfortable managing Aeroplan or Avion points, a travel card at a similar fee can yield higher per-dollar value on the right flights. The Amex acceptance gap means Visa is an advantage here at most Canadian merchants.

How it compares

The Scotia Momentum Visa Infinite + earns a comparable 4% cashback on groceries, dining, gas, and transit at $120 CAD annually — it's the most direct competitor and is worth comparing if you spend heavily on dining. The CIBC Dividend Visa Platinum costs $99 CAD annually but earns only 3% on groceries and gas — the $21 CAD difference pays for itself quickly with moderate spending.

Bottom line

One of the strongest straightforward cashback cards available in Canada for grocery and gas earners. If you're spending $500 CAD or more per month combined on those categories, the 4% rate and $120 CAD fee is a compelling equation.