Card at a Glance
| Feature |
Details |
| Card name |
CIBC Dividend Visa Infinite |
| Annual fee |
$139 (often waived with CIBC account) |
| Minimum income |
$60,000 personal / $100,000 household |
| Network |
Visa Infinite |
| Rewards type |
Cash back |
| Insurance |
Purchase protection, extended warranty, car rental |
Cash Back Rates
| Category |
Rate |
Cap |
| Groceries |
4% |
First $6,000/year |
| Dining |
2% |
No cap |
| Gas |
2% |
No cap |
| Transit |
2% |
No cap |
| Groceries (after $6K) |
1% |
— |
| Everything else |
1% |
No cap |
Annual Cash Back Estimate
| Monthly Spend |
Category |
Annual Cash Back |
| $500 groceries ($6K total) |
4% |
$240 |
| $300 dining |
2% |
$72 |
| $200 gas |
2% |
$48 |
| $100 transit |
2% |
$24 |
| $500 other |
1% |
$60 |
| Total |
|
$444 |
Net return with fee waived: $444/year. With $139 fee: $305/year.
Who Should Get This Card
| Profile |
Recommendation |
| CIBC banking customer (fee waived) |
✅ Excellent value |
| Moderate grocery spender |
✅ 4% on first $6K is strong |
| Heavy grocery spender (>$6K/year) |
⚠️ Scotiabank Momentum better |
| No CIBC relationship |
⚠️ $139 fee reduces value |