Credit Cards Offer: Up to $250 cash back with CIBC Dividend Cards

To the point Discover the CIBC Dividend product line, the best cash back credit cards in Canada.

CIBC Dividend® Visa Infinite* Card CIBC Dividend Platinum® Visa* Card CIBC Dividend® Visa* Card for Students

Benefits specific to the CIBC Dividend® Visa Infinite* Card Cash Back Categories CIBC Global Money Transfer Cash Back Save on gas with CIBC and Journie Rewards How to claim your cash back CIBC Dividend® Visa Infinite* Card Insurance

Bottom Line

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 an annual fee rebate for the first year^†!

With this CIBC Cash Back Credit Card, you get:

4% cash back on gas, EV charging, and grocery purchases^†
2% cash back on eligible transportation, dining purchases and recurring 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 an annual fee rebate for the first year!^†

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

3% cash back on eligible gas, EV charging, and grocery purchases.^†
2% cash back on eligible transportation, dining purchases and recurring 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 cash back Visa credit cards for students in Canada. For a limited time, earn 10% cash back up to $100 on your first 4 monthly statements.

With this CIBC Student Credit Card, you get:

2% cash back on eligible grocery purchases^†
1% cash back on eligible gas, EV charging, transportation, dining purchases and 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 SPCmembership, for instant savings on over 450 in-store and online transactions.

And this CIBC Student Credit Card offers some insurance coverages:

$100,000 Common Carrier Accident Insurance
Purchase Security and Extended Protection Insurance

Benefits specific to the CIBC Dividend^® Visa Infinite* Card

Cash Back Categories

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

Cash back rates	Expense category
4 %	Groceries Supermarket Gas station EV Charging
2 %	Local Transportation Subway Cab, limousine and ride sharing services Restaurant, fast food and bar Pre-authorized payment
1 %	All other purchases

Note that the 4% cashback is only valid on the first $20,000 of purchases (made from January to December) at grocery stores, supermarkets, gas stations and EV charging. Above this amount, you’ll earn 1% cash back.

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. Plus, 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.

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 gas 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 earned monthly, but can be redeemed at any time during the year.

The CIBC Dividend^® Visa Infinite* Cardholder must have at least $25 earned cash back to redeem it. Then it is applied to the account within 5 days after the application is submitted.

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

CIBC Dividend^® Visa Infinite* Card Insurance

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

Insurance	Coverage
Medical/hospital insurance Out-of-province-of-residence	up to $5,000,000 per person (see details below on age and duration)
Trip Cancellation or Trip Interruption	None
Flight and baggage delays	None
Common Carrier Accident Insurance	Up to $500,000 per insured person
Lost or Stolen Baggage Insurance	None
Vehicle rental insurance	Vehicle valued up to $65,000
Theft or breakage at the hotel	None
Extended warranty	up to an additional 1 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^® Visa Infinite* Card offers different coverage for emergency travel medical care based on:

the person’s age
the length of the trip

Age	Maximum trip time frame
less than 64	10 days
65 years and older	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 could opt for the CIBC Dividend^® Visa* Platinum Card (minimum income of $15,000) or even the CIBC Dividend^® Visa* Card for Students if you’re studying.

Come to discuss that topic in our Facebook Group!

Caroline Tremblay

I'm Caroline, a loyalty program specialist! I use my points to travel more often and at a lower price with my spouse and our two children. I'm passionate about writing about the latest rewards news and how to put more points in your pocket.

All posts by Caroline Tremblay