CIBC Dividend Visa Infinite Review 2025: 4% Groceries

CIBC Dividend Visa Infinite — Quick Summary

$120

Annual Fee (waived yr 1)

Cash Back: Groceries

Cash Back: Gas

Dining / Transit / Recurring Bills

9.0/10

bremo.io Rating

CIBC Dividend Visa Infinite — Full Earn Rates

Category	Cash Back Rate	Example: $500/mo spend
Grocery stores	4% cash back	$240/year
Gas stations	4% cash back	$96/year ($200/mo gas)
Dining/restaurants	2% cash back	$60/year ($250/mo dining)
Transit	2% cash back	$36/year ($150/mo transit)
Recurring bills	2% cash back	$60/year ($250/mo bills)
All other purchases	1% cash back	$60/year ($500/mo other)

No fee everyday banking

Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

See how it works

Real-World Annual Cash Back Value

For an average Canadian household spending pattern.

Household Spending Example

Groceries ($600/mo × 4%)$288

Gas ($200/mo × 4%)$96

Dining ($300/mo × 2%)$72

Recurring bills ($300/mo × 2%)$72

Other ($600/mo × 1%)$72

Total Annual Cash Back$600

Annual Fee−$120

Net Annual Value$480

Pros and Cons

Pros

4% on groceries — uncapped, all stores
4% on gas — every Canadian gas station
Annual fee waived in year 1
Cash back paid monthly (not annually)
No cap on any category earn
Strong welcome bonus ($200–$400)

Cons

$120 annual fee after year 1
$60K personal income required
Only 1% on general purchases
No airport lounge access
Cash back as statement credit only

bremo.io Verdict: 9.0/10 — Best Cash Back Card in Canada for Families

The CIBC Dividend Visa Infinite is the top cash back card in Canada for most household spending profiles. The 4% on groceries with no monthly cap is a genuine differentiator — a family spending $600/month on groceries alone earns $288/year in cash back. Combined with 4% on gas, the card easily pays for itself multiple times over the $120 fee for average Canadian households. Monthly cash back payout (not annual) is a practical advantage. The only shortcoming: only 1% on non-category spending makes a no-fee secondary card worthwhile.

Frequently Asked Questions

Is the CIBC Dividend Visa Infinite the best cash back card in Canada?

For uncapped grocery and gas cash back: yes. The 4% on both categories with no monthly cap is unmatched in Canada for a card with a reasonable $120 annual fee. The BMO CashBack World Elite earns 5% on groceries but caps at $500/month — families spending more than $625/month on groceries earn more with the CIBC card. If you want the simplest, highest-value cash back on Canadian staple spending, CIBC Dividend Visa Infinite is the answer.

Does CIBC Dividend Visa Infinite have a cap on cash back?

No — there is no monthly or annual cap on cash back earned in any category. This is what makes it stand out. You earn 4% on every grocery dollar spent, whether you spend $200 or $2,000 per month. The BMO CashBack World Elite, by comparison, caps its 5% grocery earn at $500/month. For large households with high grocery bills, the CIBC card's uncapped structure is the better choice.

When is CIBC Dividend Visa cash back paid out?

Cash back is earned on purchases and credited to your statement monthly — unlike some competitors (Scotiabank Momentum, BMO CashBack) that pay annually. This is a practical advantage: you don't have to wait until January for your annual redemption. Cash back appears as a statement credit, reducing your balance owing rather than depositing to a bank account. You cannot receive it as a cheque or transfer.

Does CIBC Dividend Visa Infinite work at Costco?

Yes — the CIBC Dividend Visa Infinite is accepted at Costco (Costco accepts Visa as of 2022). Purchases at Costco may earn 4% if Costco's merchant category code is classified as a grocery store, but Costco is often coded as a warehouse club (which earns 1%). This varies by transaction — some Costco purchases do earn the bonus grocery rate. Test with a small transaction to confirm your earn rate at your specific Costco location.

Is KOHO a good complement to the CIBC Dividend Visa Infinite?

Yes — an excellent combination. Use CIBC Dividend for all spending (earning 4% grocery, 4% gas, 2% dining/bills, 1% other) and KOHO for your savings account (3% interest, $100 bonus with code BREMO2026). KOHO covers everyday cash management while the CIBC card maximizes cash back on spending. The key rule: always pay your CIBC balance in full monthly using funds from your KOHO account to ensure zero interest and keep all the cash back value.