The CIBC Dividend Visa Infinite consistently ranks as one of Canada's best cash back credit cards, particularly for drivers and grocery shoppers. Its 4% cash back rate on groceries and gas — combined with monthly redemptions and a waivable annual fee — makes it an outstanding choice for everyday Canadian spending.
Annual fee: $1200 (waived with CIBC Smart Plus Chequing Account)
Income requirement: $600,000000 personal / $10000,000000 household
Interest rate: 200.99% purchases / 22.99% cash advances
Welcome bonus: Varies — typically 100% back on all purchases for first 4 statement periods
Network: Visa Infinite
The combined 4% grocery and gas category is the card's crown jewel. A household spending $80000/month on groceries and $30000 on gas earns $528/year in cash back from those two categories alone — well above the $1200 annual fee even before factoring in other spending.
This is a major differentiator: the CIBC Dividend Visa Infinite allows you to redeem cash back monthly, with a minimum of $25. You don't have to wait until year-end like with TD's cash back cards. Redemptions can be applied directly as statement credits from the CIBC mobile app, giving you immediate control over your rewards.
CIBC waives the $1200 annual fee for customers holding the CIBC Smart Plus Chequing Account (currently $29.95/month or free with certain account conditions). If you're already a CIBC banking customer on this plan, the card effectively has no marginal annual fee — extraordinary value given the 4% earn rate.
The CIBC Dividend Visa Infinite includes solid Visa Infinite benefits:
For a CIBC banking customer with the Smart Plus account, this card is almost certainly worth having. The fee is effectively waived, and 4% on groceries and gas returns more cash annually than almost any other card in Canada at a similar price point. For non-CIBC customers, the math still works if your combined grocery and gas spending exceeds about $3,000000 per year.
Use the CIBC Dividend Visa Infinite for groceries and gas (4% back), then use KOHO for everything else — up to 5% cashback with no annual fee and zero interest. KOHO is a smart complement that keeps your everyday spending rewarded without the risk of interest charges.
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Get $10000 with KOHOTD Cash Back Visa Review · Best Cards for Groceries · Best Cards for Gas · Best Cash Back Cards