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Last year, Canadians got over $1 billion in cashback from credit cards. The CIBC Dividend Visa Infinite lets you get a slice of that. It offers up to 4% back on groceries and gas. Plus, it comes with travel insurance benefits.
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The card’s annual fee is easily balanced out by its rewards and exclusive offers. It’s perfect for families, frequent shoppers, and commuters.
With this card, every purchase works harder for you. Find out why the CIBC Dividend Visa Infinite is a top pick for those who love cashback.
CIBC Dividend Visa Infinite
Click now to take the first step and find out how to request the card.
Key Features of the CIBC Dividend Visa Infinite
The CIBC Dividend Visa Infinite is a top choice among credit cards. It’s great for various spending styles with its cash back rewards. This makes it perfect for those who want to get more from their spending.
High Cashback Rates
Enjoy impressive cash back rewards with this card. Get 4% back on groceries and gas. And 2% back on transit, with 1% on everything else. This way, your daily expenses help you earn rewards.
Annual Fee Offset by Rewards
Though there’s an annual fee, the rewards balance it out. For those who spend a lot on specific categories, the cash back can outweigh the fee. This brings excellent benefits to credit card users.
Comprehensive Insurance and Travel Benefits
Cardholders get great insurance coverage. This includes travel medical, trip interruption, and more. These benefits provide peace of mind during travel, adding value to the CIBC rewards package.
Exclusive Special Offers
Gain access to special offers with the CIBC Dividend Visa Infinite. These offers include discounts and deals. They help users save more and boost their cash back rewards.
| Feature | Details |
|---|---|
| Cash Back Rate on Groceries and Gas | 4% |
| Cash Back Rate on Transit | 2% |
| Cash Back Rate on Other Purchases | 1% |
| Annual Fee | Offset by rewards |
| Insurance Benefits | Travel medical, trip interruption, and more |
| Special Offers | Exclusive discounts and promotions |
Who Is This Card For?
The CIBC Dividend Visa Infinite is a top pick for many Canadians. It offers great cash back rewards for everyday spending. Knowing who will benefit the most from this card is key to making the right choice.
Families and Household Shoppers
Families and regular grocery shoppers will find this card very useful. It gives a 4% cash back on groceries and gas. This makes it an excellent choice for those looking to save on essential spends.
Frequent Commuters and Transit Users
For those who travel a lot, especially by public transit, this card is a boon. It offers 2% cash back on transit expenses. This helps in saving money on daily commutes easily.
Eligibility Requirements for New Applicants
Applying for the CIBC Dividend Visa Infinite requires meeting certain conditions. Applicants need a steady income and a good credit score. These criteria make the card accessible to many, especially those who are financially mindful.
Pros and Cons of Using the CIBC Dividend Visa Infinite
The CIBC Dividend Visa Infinite is a standout cashback credit card full of benefits. A look at its pros and cons can show if it matches different financial needs and shopping patterns.
Advantages of High Cashback Rates
This card’s top advantage is its strong cashback rates. Cardholders get 4% cashback on groceries and gas, and 2% cashback on other buys. This setup helps users earn more from their everyday spending.
Comprehensive Insurance Coverage
It also offers wide insurance choices. Travel insurance protects users on trips, adding value to the CIBC Dividend Visa Infinite. Having broad coverage gives peace of mind, especially for those who travel a lot.
Disadvantages: Annual Fee and Capped Rewards
However, it has some downsides. Its yearly fee might stop some from applying. Also, there’s a limit on how much cashback you can earn, affecting high spenders. These points are crucial when deciding if this card fits your money plans.
Comparing CIBC Dividend Visa Infinite with Other Credit Cards
Looking at credit cards, the CIBC Dividend Visa Infinite stands out. It’s often compared to the Scotiabank Momentum Visa Infinite. Both offer great cashback rewards but are designed for different types of spenders.
Scotiabank Momentum Visa Infinite Overview
The Scotiabank Momentum Visa Infinite card gives 4% cashback on groceries and gas. You also get 2% back on transit and dining. There’s a $120 annual fee, which can be offset by smart spending.
This card also offers comprehensive travel insurance and exclusive shopping perks. It’s considered one of the top credit cards out there.
Other Competitive Cashback Credit Cards
There are many other cards that rival the CIBC Dividend Visa Infinite and Scotiabank Momentum Visa Infinite. Here’s a table showing key features of these cards:
| Credit Card | Cashback Rate | Annual Fee | Travel Insurance | Additional Benefits |
|---|---|---|---|---|
| CIBC Dividend Visa Infinite | 4% on groceries, 2% on gas and transit | $120 | Yes | Special offers with select retailers |
| Scotiabank Momentum Visa Infinite | 4% on groceries and gas, 2% on transit | $120 | Yes | Flexible reward redemption |
| Capital One Aspire Travel World Elite Mastercard | 2% on travel, 1.5% on all other purchases | $150 | Yes | Travel rewards |
Cashback on Everyday Purchases
The CIBC Dividend Visa Infinite card gives amazing cash-back on daily buys. Knowing how to use its features is important. This helps you get more cashback and make the most of your spending.
How to Maximize Your Cash Back Rewards
To make the most out of the CIBC Dividend Visa Infinite, buy things in the high-reward categories. For example, you get 4% back when you buy groceries or gas. You also get 2% back for transit costs. Look out for special deals that can increase what you earn. By spending smartly, you can gather a lot of cash back quickly.
Best Categories for Earning Cash Back
Knowing which categories give the most cash back is crucial. This makes sure you get the most back with the CIBC Dividend Visa Infinite. The top categories are:
- Groceries – 4% cash back
- Gas – 4% cash back
- Transit – 2% cash back
- Recurring bills – eligible for cash back based on your total monthly spend
- Dining out – earn cash back on meals and takeout
Understanding the CIBC Rewards Program
The CIBC Rewards Program makes it easy for cardholders to use the CIBC Dividend Visa Infinite for their benefit. It lets users get points when they buy things they need or want. Knowing how to use these rewards and cash back options can make everything more valuable for the users.
How CIBC Rewards Work
As you buy things with the CIBC Dividend Visa Infinite, you start collecting points. You can get points from buying groceries, gas, and even when you pay for your bus or train. It’s good to know which purchases will give you more points, so you can shop smarter.
Redeeming Your Cash Back Effectively
When it’s time to use your points, you have many choices. You can turn them into cash, gift cards, travel benefits, or even cool products. To get the most out of your rewards, pick options that you like the most. Make sure to keep an eye on new rewards and special deals so you can use your CIBC Dividend Visa Infinite in the best way possible.
Testimonials from CIBC Dividend Visa Infinite Users
People who use the CIBC Dividend Visa Infinite card share their thoughts. They talk about the good and the bad. The card is loved for its cashback on groceries and fuel.
Cardholders are happy with the travel insurance. It makes them feel safe on trips.
User Experiences and Feedback
Some cardholders aren’t happy about the annual fee. They think the rewards should not have a limit.
On social media, people talk about what they like and dislike about the card. They are careful with the cashback limits.
| Key Highlights | Positive Feedback | Negative Feedback |
|---|---|---|
| Cashback Rates | High rates on groceries and gas | Capped rewards limit total earnings |
| Insurance Coverage | Comprehensive travel insurance | None reported |
| Annual Fee | Rewards can offset costs | Some find the fee unappealing |
| Ease of Use | User-friendly app for tracking rewards | None reported |
The feedback from users offers a full view of the card. It helps potential users weigh the pros and cons.
Conclusion
The CIBC Dividend Visa Infinite stands out as a top cash back credit card. It’s perfect for anyone wanting to earn more rewards on daily buys. It offers 4% back on groceries and gas, and 2% on transit. This means big savings for cardholders. Even with an annual fee, the rewards can easily cover the cost, making it a strong option among Canadian credit cards.
It’s ideal for families, people who commute, and anyone who shops a lot. The card also comes with great travel insurance and special deals. This adds even more value, making it a top choice for those looking for a new credit card. By knowing how you spend, you can make the most of the rewards, getting the best out of what this card has to offer.
Even with some limits on rewards, the card offers a great mix of perks and useful features. For those into cashback, it’s a wise pick. It fits well with everyday spending and also helps with travel goals.
FAQ
What are the main benefits of the CIBC Dividend Visa Infinite?
The CIBC Dividend Visa Infinite offers high cashback rates. You get 4% back on groceries and gas. Plus, 2% back on transit and 1% on everything else. It also has great insurance and special offers. This makes it a top cash back credit card.
How can I maximize my cash back rewards with this card?
To get the most cash back, spend more on groceries and gas. Also, look out for promotional offers. Use the card for daily expenses to boost your rewards even more.
Are there any annual fees associated with the CIBC Dividend Visa Infinite?
Yes, the CIBC Dividend Visa Infinite has an annual fee. But, the cash back you earn can often cover this fee. This is especially true if you spend a lot on groceries and gas.
What are the eligibility requirements for the CIBC Dividend Visa Infinite?
To get this card, you need a certain annual income and a good credit score. Many Canadians who meet these requirements can apply.
How does the CIBC rewards program work?
The CIBC rewards program lets you earn points on eligible buys. These points can be traded for cash back, gift cards, goods, or travel. Knowing how to collect points can help you earn more rewards.
How does the CIBC Dividend Visa Infinite compare to other credit cards?
The CIBC Dividend Visa Infinite has competitive cash back rates and benefits. Yet, its rewards system is different from cards like the Scotiabank Momentum Visa Infinite. So, it’s smart to compare cards based on how you spend.
What are the downsides of using the CIBC Dividend Visa Infinite?
Drawbacks include the annual fee and a cap on cash back rewards. For those who spend a lot, this might reduce earnings. The tiered cash back system may also not suit everyone’s spending style.
Can I redeem my cash back rewards for travel expenses?
Yes, you can use your cash back from the CIBC Dividend Visa Infinite for travel. You can also get gift cards and merchandise. Knowing the best way to redeem your rewards can give you more value.
What do users generally say about the CIBC Dividend Visa Infinite?
Users like how easy it is to earn cash back and value the insurance benefits. Yet, some have issues with the annual fee and limits on rewards. These factors can affect how satisfied people are with the card.
