Pros 4% on groceries and gas Monthly cash back redemption Annual fee waivable 2% on dining and transit Mobile device insurance included Cons $60,000 income requirement Foreign transaction fee (2.5%) 4% capped at $80,000/year combined Best value only for CIBC banking customers Is the CIBC Dividend Visa Infinite Worth It?

CIBC Dividend Visa Infinite Review 2026

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.

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Updated March 2026 · 8 min read

★★★★☆ 4.3/5

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.

Key Details

Annual fee: $120 (waived with CIBC Smart Plus Chequing Account)

Income requirement: $60,000 personal / $100,000 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

Earn Rates

4% back on groceries and gas (combined, up to $80,000/year)
2% back on transportation, dining, and recurring payments
1% back on all other purchases

The combined 4% grocery and gas category is the card's crown jewel. A household spending $800/month on groceries and $300 on gas earns $528/year in cash back from those two categories alone — well above the $120 annual fee even before factoring in other spending.

Monthly Cash Back Redemption

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.

Annual Fee Waiver

CIBC waives the $120 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.

Insurance Coverage

The CIBC Dividend Visa Infinite includes solid Visa Infinite benefits:

Emergency travel medical insurance
Trip cancellation and interruption insurance
Flight delay and lost baggage insurance
Purchase protection and extended warranty
Rental car collision/loss damage waiver
Mobile device insurance

Pros

4% on groceries and gas
Monthly cash back redemption
Annual fee waivable
2% on dining and transit
Mobile device insurance included

Cons

$60,000 income requirement
Foreign transaction fee (2.5%)
4% capped at $80,000/year combined
Best value only for CIBC banking customers

Is the CIBC Dividend Visa Infinite Worth It?

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 $3,000 per year.

Combine CIBC with KOHO for Maximum Returns

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.

Get $100 bonus with code BREMO2026

Get $120 with KOHO