The CIBC Dividend® Visa Infinite* Card is an attractive option for individuals looking to maximize their cashback potential while enjoying various exclusive perks. This card combines high cashback rates with valuable benefits, making it an appealing choice for users who prioritize rewards on everyday spending.

With a robust set of features, the CIBC Dividend Visa Infinite Card stands out in the market. It offers specific cashback rates tailored to common spending categories like gas, groceries, and dining, along with unique bonuses for cardholders. Here’s a closer look at everything you need to know about this card.

Key information about the credit card

How does the annual fee work?

The CIBC Dividend Visa Infinite Card has an annual fee of $120 for the primary cardholder, with an additional $30 for each authorized user, up to three users. However, there is a welcome offer where the annual fee for the first year is rebated for the main cardholder and authorized users. Moreover, individuals with a CIBC Smart Plus™ Account can receive an annual fee rebate of up to $120 each year, making the card’s benefits more accessible.

How is the credit limit determined?

For the CIBC Dividend Visa Infinite Card, CIBC determines the credit limit based on various financial factors. The bank reviews the cardholder’s credit score, income level, and other financial metrics to decide on the credit limit.

The limit reflects CIBC’s evaluation of the cardholder’s capacity to repay, ensuring responsible credit access. This tailored approach helps provide cardholders with a limit that aligns with their financial profile, allowing flexibility within a responsible framework.

Advantages of the credit card

• High cashback rates: Cardholders can earn 4% cashback on eligible gas, electric vehicle charging, and groceries. This is an excellent benefit for those who frequently spend in these categories.
• Extra savings on fuel: Users can save up to 10 cents per liter at select gas stations by linking their card with Journie Rewards.
• Comprehensive insurance coverage: This card includes mobile device insurance, purchase protection, and emergency travel medical insurance, among others.
• Unlimited cashback: Unlike some cards with annual caps, the CIBC Dividend Visa Infinite Card allows cardholders to earn unlimited cashback.
• Skip+ membership offer: Cardholders who link their card with Skip the Dishes receive a complimentary 12-month Skip+ membership, giving them access to exclusive discounts and benefits on the platform.
• Concierge services: With the Visa Infinite program, cardholders can access 24/7 concierge services, making travel and lifestyle arrangements seamless.

Standout advantage

The most notable advantage of the CIBC Dividend Visa Infinite Card is its high cashback rate across various categories with no earning cap. With 4% cashback on essentials like gas, groceries, and electric vehicle charging, plus additional rates on dining, transportation, and recurring payments, cardholders can enjoy substantial returns on frequent purchases. This high cashback potential, combined with the flexibility of earning in multiple categories, sets it apart from many other credit cards on the market.

Disadvantages

• Annual fee requirement: Despite the rebate offer, the card still has a $120 annual fee, which might not suit all users.
• Income eligibility criteria: The card requires a minimum income threshold, limiting accessibility for some applicants.
• Higher interest rates: The purchase interest rate is 20.99%, and the cash interest rate is up to 22.99% for non-Quebec residents.

A standout disadvantage

The main disadvantage of the CIBC Dividend Visa Infinite Card is its relatively high-income eligibility requirement. With a minimum individual annual income of $60,000 or a household income of $100,000, some users may find this threshold restrictive. This requirement may exclude otherwise interested applicants who could benefit from the card’s rewards and features but fall short of the income criteria.

Who can apply for this card?

To qualify for the CIBC Dividend Visa Infinite Card, applicants must meet certain criteria. Applicants must be at least the age of majority in their province or territory, which varies across Canada. A minimum annual income of $60,000 individually or $100,000 as a household is required. Applicants should have a valid Canadian address and an active credit profile with good standing to ensure the best chance of approval.

Additionally, applicants should be able to provide proof of income upon request, and individuals with prior negative credit records may find approval challenging. These eligibility conditions ensure that applicants can responsibly manage the card’s credit line and are positioned to fully leverage its benefits.

How to apply for the CIBC Dividend Visa Infinite card

For the website

To apply online, visit the CIBC official website and locate the CIBC Dividend Visa Infinite Card page. There, you will find an “Apply Now” button, which directs you to the secure application form. You will need to provide personal information, including your full name, contact details, and Social Insurance Number (SIN) for credit evaluation.

The application form also requires income information to verify eligibility. Once submitted, you’ll typically receive an instant response on your application status. If approved, your new card will be mailed to your registered address within a few business days.

Through the app

CIBC’s mobile banking app offers a convenient way to apply for the CIBC Dividend Visa Infinite Card. First, download or open the app, then log in to your account. Navigate to the “Credit Cards” section and select the CIBC Dividend Visa Infinite Card from the list of available cards.

The app will guide you through each step of the application process. You will need to enter your personal and financial information and agree to a credit check. This method is particularly helpful for existing CIBC clients as some information may be pre-filled, simplifying the process. Expect a quick response on your application status.

At the branch

For those who prefer a personal touch, applying for the CIBC Dividend Visa Infinite Card in person at a CIBC branch is a great option. Visit any CIBC branch and request to speak with a banking representative. During your appointment, the representative will explain the card’s features and assist you with the application process.

Bring identification and proof of income, as these documents may be required to complete the application. The representative will walk you through the credit check and income verification stages and submit your application on-site. In-person applications allow you to ask questions and clarify any details directly with a CIBC representative.