Highlights

  • Eligible grocery, gas, and EV-charging purchases earn 4% cash back; transit, dining, recurring payments, and CIBC by Expedia travel earn 2%; other eligible purchases earn 1%.
  • Cash back has no overall cap and does not expire. Once the balance reaches $10, the primary cardholder can redeem it to a statement or recent purchase.
  • Linking Journie Rewards can save up to 10 cents/L at participating Pioneer, Fas Gas, Ultramar, and Chevron stations.
  • The card includes out-of-province emergency medical, car-rental collision/loss, common-carrier accident, mobile-device, Purchase Security, and Extended Protection insurance.

Who it suits: This card is easiest to use if your grocery, gas, and EV-charging spend is substantial and you can put transit, dining, and recurring bills on the same card. The 4% and regular 2% categories have annual caps, and the primary-card annual fee is $120 after the first-year offer ends. If your spending in those categories is modest, reassess the long-term value before keeping it.

CIBC Dividend Visa Infinite Card

Issuer: CIBC
Payment network: Visa
Type: Credit card
Annual fee: $120 for the primary card; $50 for each supplementary card, up to three
Foreign-currency conversion fee: 2.5%

The card’s main reward is Dividend Cash Back. CIBC does not impose an overall cash-back cap, while redemption rules and eligible merchant categories remain subject to the account terms in effect at the time.

Welcome Offer

The official site currently has two application paths with different versions of the offer.

【October 26, 2026 update】 Up to $400 in value plus a $100 fuel discount:

  • During the first four monthly statement periods, earn 10% cash back on the first $2,500 of net purchases, up to $250. These purchases do not also earn the regular 4%, 2%, or 1% rates.
  • Set up one pre-authorized recurring payment during the first four statement periods and have the first payment post during those periods to earn $50 cash back. Each account can earn this once. It usually posts 8–12 weeks after the first recurring payment, and supplementary cardholders cannot earn it separately.
  • Receive a rebate of the $120 primary-card annual fee and the $50 fee for each of up to three supplementary cards added at application. Supplementary cards added later are excluded.
  • Apply through the targeted promotion page and, if approved, receive a code for 20 cents off per litre on up to 500 litres of gasoline, worth up to $100.

Official application link

【October 2, 2026 update】 Up to $400 in value:

  • During the first four monthly statement periods, earn 10% cash back on the first $2,500 of net purchases, up to $250. These purchases do not also earn the regular 4%, 2%, or 1% rates.
  • Set up one pre-authorized recurring payment during the first four statement periods and have the first payment post during those periods to earn $50 cash back. Each account can earn this once. It usually posts 8–12 weeks after the first recurring payment, and supplementary cardholders cannot earn it separately.
  • Receive a rebate of the $120 primary-card annual fee and the $50 fee for each of up to three supplementary cards added at application. Supplementary cards added later are excluded.

Official application link🔗

This is a targeted offer. Apply through a CIBC or partner link you received and be approved for a new card account. Opening, transferring, or cancelling another Dividend card during the previous 12 months, or transferring from another product, may make you ineligible. The account must remain open and in good standing when the rewards are awarded.

Eligibility: Minimum personal annual income of $60,000 or household annual income of $100,000.

Everyday Spending

4%: Eligible grocery, gas, and EV-charging purchases earn 4% cash back. The 4% categories share an accelerated-spend cap with the regular 2% categories: either the first $20,000 in category spend or the first $50,000 in total net card spend, whichever comes first. Spending above the cap earns 1%. The annual cap resets the day after the December statement date. Returns and refunds reduce net spend, and merchant categories are assigned using CIBC’s MCC classification.

2%: Eligible public transit, dining, drinks, pre-authorized recurring payments, and eligible travel purchased through CIBC by Expedia earn 2%. Regular 2% categories are subject to the $20,000/$50,000 cap, while eligible CIBC by Expedia purchases do not count toward that cap. Taxes, insurance, service charges, and similar fees do not earn the travel bonus. The regular transit category excludes airlines, car rentals, cruises, and travel services; the merchant’s MCC determines the final category.

1%: Other eligible purchases, along with net purchases after the 4%/2% accelerated categories reach their cap, earn 1% cash back. Cash advances, CIBC Global Money Transfers, interest, fees, balance transfers, payments, and Convenience Cheques are excluded.

Benefits & Insurance

  • Dividend Cash Back Redemption

Cash back has no overall cap and does not expire. The primary cardholder can redeem a balance of $10 or more through CIBC Online Banking or Mobile Banking to a statement or recent purchase, usually within five days. Supplementary cardholders cannot redeem separately. A balance below $10 can be redeemed by phone each year from December 1 through March 31.

  • Journie Rewards Fuel Savings

Link the card to Journie Rewards and save 3 cents/L on each fill at participating Pioneer, Fas Gas, Ultramar, and Chevron stations. After reaching 300 Journie points, receive another 7 cents/L, for a combined maximum of 10 cents/L. Register for Journie Rewards first, then link the card through CIBC Online Banking or Mobile Banking.

Read more: 🇨🇦 How to save on gas in Canada: Petro, Esso, Chevron, and Shell

  • Skip+ Membership and Vouchers

Link an eligible CIBC card to a Skip account. As long as the card remains linked and the account is active, the usual $9.99 monthly Skip+ fee plus tax is generally waived, with $0 delivery fees and member offers. The first eligible order of at least $40 before tax, tip, and service fees can earn one $20 Welcome Voucher. Four eligible orders of at least $30 before tax, tip, and service fees in a calendar month can earn a $10 Monthly Voucher. Each voucher has its own expiry and order restrictions; third-party wallets and Instacart-fulfilled orders may be excluded.

  • Disney+ Statement Credit

Eligible primary cardholders who buy a monthly Disney+ plan priced at $8.99 or more directly from Disney+ and pay with the card can receive a $4.50 statement credit each month for up to six consecutive months. Annual plans, payments through Apple, Google, PayPal, or another third party, and anyone who had a Disney+ subscription during the previous 12 months are excluded. The credit usually posts within 90 days after the charge.

  • Visa Infinite Benefits

CIBC lists Visa Infinite hotel benefits, the Dining Series, and 24-hour complimentary concierge service. Participating hotels, availability, and current terms are set by the Visa Infinite programme.

  • Avis and Budget Car-Rental Discounts

At participating Avis locations worldwide, use Pay Now to prepay and receive up to 30% off. At participating Budget locations, Pay Now bookings can receive up to 35% off. Eligible vehicles, locations, booking channels, and dates follow the rental partners’ terms.

  • CIBC Global Money Transfer Limited-Time Offer

Until 11:59 p.m. Eastern Time on October 31, 2026, a first qualifying Global Money Transfer using code REWARD can earn a one-time credit based on the transfer amount: $35 for $100–$9,999.99, $100 for $10,000–$29,999.99, $300 for $30,000–$49,999.99, $500 for $50,000–$69,999.99, and $700 for $70,000 or more. When paying by credit card, the transfer amount is capped at $15,000 and the maximum credit is $100; Visa-card payments are capped at $3,000 and $35. Other payment methods have lower thresholds. The credit usually posts within 4–6 weeks, and CIBC may change or cancel the offer.

Travel Insurance

Official insurance certificate🔗

  • Out-of-Province Emergency Travel Medical Insurance

Canadian residents must have provincial or territorial health coverage. The primary cardholder, spouse, and dependent children travelling outside their province of residence can receive up to $5,000,000 per insured person for each trip for the first 10 consecutive days, including the departure day, when the traveller is 64 or under. There is no overall limit on the number of qualifying trips after returning to the province of residence between trips. Contact Global Excel before treatment when medically possible. Unstable pre-existing conditions, non-emergency treatment, and travel undertaken to obtain treatment may be limited or excluded.

  • Car Rental Collision/Loss Damage Insurance

Charge the full rental cost and taxes to the card. If points pay part of the rental, the remaining amount must also be charged to the card, and the rental company’s CDW/LDW must be declined. The vehicle MSRP must be no more than $85,000 and the continuous rental can be up to 48 days. Covered losses can be reimbursed up to actual cash value plus reasonable loss-of-use charges, generally with no deductible and as primary coverage. Third-party liability, personal injury, impaired driving, and racing are excluded. Contact the insurer within 48 hours and submit documents within 90 days.

  • Common Carrier Accident Insurance

At least 75% of the common-carrier fare, including taxes, must be charged to the card. Eligible accidents while travelling as a passenger, boarding, or leaving a covered common carrier can receive up to $500,000 per insured person. Illness, intentional self-harm, impairment by alcohol or drugs, war, and riot-related events are generally excluded. Contact the insurer promptly after an accident.

Shopping Insurance

  • Purchase Security

When at least part of the price of a personal item is charged to the card, loss, theft, or physical damage anywhere in the world within 90 days of purchase can qualify for coverage. The benefit is limited to the lesser of the repair cost, the item’s actual cash value, or the amount charged to the card. The aggregate limit for each cardholder across all CIBC cards is $60,000. Commercial items, vehicles, normal wear, perishables, used or refurbished items, and unexplained disappearance are excluded. Notify the insurer within 45 days and submit a signed Loss Report within 90 days.

  • Extended Protection

When at least part of the purchase price is charged to the card and the original manufacturer’s warranty is valid in Canada or the United States, eligible coverage can double the warranty period, up to one additional full year. A manufacturer’s warranty longer than five years must be registered during the first year. Dealer or assembler warranties, improper installation, modification, and repairs not covered by the original warranty are excluded. The $60,000 aggregate limit and 45-day notice/90-day document deadlines apply.

  • Mobile Device Insurance

Charge the full phone price—or the down payment and subsequent device-plan payments required by the certificate—to the card, and activate the phone with a Canadian wireless carrier. Loss, theft, or accidental damage can be covered up to $1,000 per occurrence per insured person, after a 10% deductible and depreciation of 2% of the purchase price for each completed month. Full-purchase coverage generally starts on day 91, while qualifying financing starts with the first transaction and can continue for up to two years or until the account status changes. After theft, notify the wireless carrier within 48 hours, report it to police within seven days, and contact the insurer within 14 days and before repair or replacement.