Offer: Up to $300 Cash Back with CIBC Dividend Cards

Q: How do I unlock the full $300 cash back welcome offer on the CIBC Dividend® Visa Infinite* Card?

The CIBC Dividend® Visa Infinite* Card welcome offer combines a 10% cash-back bonus on the first $2,500 spent in the initial 4 statements (up to $250) with an additional $50 when you set up direct deposit, recurring bill payments or use Apple Pay/Google Pay within the first 4 months. Combined, that is up to $300 in cash back during your first year. The first-year annual fee of $120 is also rebated, so the welcome value is essentially pure profit before you start earning the ongoing 4% cash-back rate on groceries.

Q: What are the earning rates on the CIBC Dividend® Visa Infinite* Card?

The CIBC Dividend® Visa Infinite* Card earns 4% cash back on groceries, gas and EV charging, 2% on dining, transit and recurring bill payments, and 1% on everything else. The 4% rate is capped at the first $20,000 spent annually in those categories combined, after which spending earns 1%. For a household spending $1,000 a month on groceries and gas, that translates into $480 a year in cash back from the bonus categories alone, which more than offsets the $120 annual fee charged after year one.

Q: What insurance is included with the CIBC Dividend® Visa Infinite* Card?

The CIBC Dividend® Visa Infinite* Card includes a comprehensive insurance package: emergency travel medical coverage up to $5 million for trips of up to 15 days, $500,000 in common carrier accident insurance, auto rental collision/loss damage waiver, mobile device insurance up to $1,000, plus purchase security and extended warranty. Trip cancellation and trip interruption coverage are not included, so book travel on a card that offers them, like the CIBC Aventura® Visa Infinite*, when you need that protection on a major vacation.

Q: What is the income requirement for the CIBC Dividend® Visa Infinite* Card?

To qualify for the CIBC Dividend® Visa Infinite* Card, applicants must meet a minimum personal income of $60,000 or a household income of $100,000, which are the standard thresholds for Visa Infinite cards in Canada. If you do not meet that income requirement, the CIBC Dividend Platinum® Visa* with a $79 annual fee and a 3% earn rate on the same categories has a much lower $15,000 household income threshold. CIBC also offers a no-fee CIBC Dividend® Visa* for very basic cash-back needs without any income requirement.

Credit Cards Offer: Up to $300 Cash Back with CIBC Dividend Cards

To the point Earn up to $300 cash back and a first-year fee refund with CIBC Dividend Credit Cards.

CIBC Dividend Welcome Offers

CIBC Dividend^® Visa Infinite* Card

The CIBC Dividend^® Visa Infinite* Card is one of the best Visa credit cards with cash back in Canada.

Right now, with this welcome offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate on your first year’s annual fees^†!

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With this CIBC cash back credit card, you earn:

4% cash back on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

For example, if you spend $1,000 per month on groceries and/or gas and/or electric vehicle charging, you’ll earn $40 cash back per month or $480 cash back per year with this card for this category of purchases!

And that’s not counting the other purchases you’ll make with this card and the advantages it offers (particularly in terms of insurance).

And this CIBC Cash Back Credit Card offers many insurance coverages:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Out-of-Province Emergency Travel Medical Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend Platinum^® Visa* Card

If you don’t meet the income requirements for the CIBC Dividend^® Visa Infinite* Card, you could apply for the CIBC Dividend^® Platinum Visa* Card. The minimum annual income required for this card is $15,000 (household).

With this offer, get a 10% welcome bonus in the form of up to $250 cash back (period covered by your first 4 statements) and a rebate for your first year’s annual fees!^†

Plus, receive $50 cash back when you set up a pre-authorized payment within the first 4 months.

With the CIBC Dividend^® Platinum Visa* Card, you get:

3% on eligible gas, electric vehicle charging, and grocery purchases^†
2% cash back on eligible transportation and dining purchases and on eligible recurring bill payments^†
1% cash back on all other purchases^†

And this CIBC Cash Back Credit Card offers some insurance coverage:

Auto Rental Collision/Loss Damage Insurance
$500,000 Common Carrier Accident Insurance
Purchase Security and Extended Protection Insurance

CIBC Dividend^® Visa* Card for Students

The CIBC Dividend^® Visa* Card for Students is one of the best Visa credit cards for students with cash back in Canada. Apply for the card and get up to $150 cash back.

With this CIBC Student Credit Card, you get:

2% cash back on eligible grocery purchases^†
1% cash back on eligible gas, electric vehicle charging, transportation, and dining purchases and on eligible recurring payments^†
0.5% cash back on all other purchases^†

What’s more, with this CIBC Student Credit Card, you benefit from a free free membership to SPC, for instant savings on over 450 in-store and online transactions.

And this CIBC Student Credit Card offers some insurance coverages:

Purchase Security and Extended Protection Insurance

Benefits specific to CIBC Dividend^® Visa Infinite* Card

Cash Back Categories

Here are the CIBC Dividend^® Visa Infinite* Card cash back categories in detail:

Cash back rate	Expense category
4 %	Grocery Supermarket Gas station EV Charging
2 %	Local Transportation Subway Cab, limousine and ride sharing services Restaurant, fast food and bar Pre-authorized payment Subscribe to our free Milesopedia newsletter for the best points, miles and credit card strategies, delivered weekly to your inbox. Email address By signing up, you will receive newsletters and promotional content and agree to our Terms and Privacy Policy. You may unsubscribe at any time.
1 %	All other purchases

CIBC Global Money Transfer Cash Back

CIBC Global Money Transfer allows you to send money overseas and pay with your CIBC Dividend^® Visa Infinite* Card. What’s more, it earns 0.25% cash back, and there are no transfer fees.

There is also no interest to pay, as long as the balance is paid before the payment due date.

Offer: Up to $300 Cash Back with CIBC Dividend Cards - Transfer of dividends cibc

Save on gas with CIBC and Journie Rewards

Link your CIBC Dividend^® Visa Infinite* Card with Journie Rewards. So when you pay for gas with this card, you save 3 cents per liter.

In addition, you earn 1 Journie point per liter of gas. When you have 300 Journie points, you get an additional 7 cents per litre on your next gasoline purchase within 30 days.

This is valid only at Ultramar, Pioneer, Fas Gas and Chevron service stations in Canada.

How to claim your cash back

CIBC’s cash back calculation period is from January to December of each year. Cash back is accumulated monthly, but can be redeemed at any time during the year.

The CIBC Dividend Visa Infinite* Card holder must have an accumulated amount ofat least $25 to redeem the cash back. Then it’s applied to the account within 5 days of submitting the request.

Every December, the rebate balance is automatically redeemed, regardless of the amount. The balance is reset to zero, in order to start a new year.

Insurance from CIBC Dividend^® Visa Infinite* Card

Insurance included with the CIBC Dividend^® Visa Infinite* Card is as follows:

Insurance	Amounts
Out-of-province hospital insurance	up to $5,000,000 per person (see details on age and duration)
Trip cancellation and interruption	No
Flight and baggage delays	No
Common Carrier Accident Insurance	Up to $500,000 per insured person
Lost or stolen baggage	No
Car rental	Vehicle value up to $65,000
Theft or breakage at the hotel	No
Extended warranty	up to 1 additional year
Mobile Device Insurance	up to $1,000
Purchase protection	90 days from date of purchase
Insurance booklet	CIBC Dividend^® Visa Infinite* Card

The CIBC Dividend^MD Visa Infinite* Card offers different coverage for emergency travel medical care depending on :

the person’s age
the length of the trip

Age	Maximum trip duration
64 and under	10 days
65 and over	No coverage

Bottom Line

This CIBC Dividend^® Visa Infinite* Card offer has attractive benefits for people who want to earn cash back on everyday expenses quickly.

If you don’t have the minimum income required for this card, you can opt for the CIBC Dividend Platinum^® Visa* Card (minimum income of $15,000) or even the CIBC Dividend^® Visa* Card for Students if you’re a student.

Frequently Asked Questions about the CIBC Dividend^® Visa Infinite* Card offer

Here are frequently asked questions in the milesopedia community about this card.

How do I unlock the full $300 cash back welcome offer on the CIBC Dividend^® Visa Infinite* Card?

The CIBC Dividend^® Visa Infinite* Card welcome offer combines a 10% cash-back bonus on the first $2,500 spent in the initial 4 statements (up to $250) with an additional $50 when you set up direct deposit, recurring bill payments or use Apple Pay/Google Pay within the first 4 months. Combined, that is up to $300 in cash back during your first year. The first-year annual fee of $120 is also rebated, so the welcome value is essentially pure profit before you start earning the ongoing 4% cash-back rate on groceries.

What are the earning rates on the CIBC Dividend^® Visa Infinite* Card?

The CIBC Dividend^® Visa Infinite* Card earns 4% cash back on groceries, gas and EV charging, 2% on dining, transit and recurring bill payments, and 1% on everything else. The 4% rate is capped at the first $20,000 spent annually in those categories combined, after which spending earns 1%. For a household spending $1,000 a month on groceries and gas, that translates into $480 a year in cash back from the bonus categories alone, which more than offsets the $120 annual fee charged after year one.

What insurance is included with the CIBC Dividend^® Visa Infinite* Card?

The CIBC Dividend^® Visa Infinite* Card includes a comprehensive insurance package: emergency travel medical coverage up to $5 million for trips of up to 15 days, $500,000 in common carrier accident insurance, auto rental collision/loss damage waiver, mobile device insurance up to $1,000, plus purchase security and extended warranty. Trip cancellation and trip interruption coverage are not included, so book travel on a card that offers them, like the CIBC Aventura^® Visa Infinite*, when you need that protection on a major vacation.

What is the income requirement for the CIBC Dividend^® Visa Infinite* Card?

To qualify for the CIBC Dividend^® Visa Infinite* Card, applicants must meet a minimum personal income of $60,000 or a household income of $100,000, which are the standard thresholds for Visa Infinite cards in Canada. If you do not meet that income requirement, the CIBC Dividend Platinum^® Visa* with a $79 annual fee and a 3% earn rate on the same categories has a much lower $15,000 household income threshold. CIBC also offers a no-fee CIBC Dividend^® Visa* for very basic cash-back needs without any income requirement.

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Caroline Tremblay

Caroline, a loyalty program specialist, helps families maximize their points to travel more frequently and affordably. With expertise in Disney, AIR MILES, and Costco, she travels the world with her partner and two children through rewards. Passionate about the latest in loyalty programs, Caroline shares tips to help you earn more points and turn your travel dreams into reality.

All posts by Caroline Tremblay