$350 cash back
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$380
First-year value
$350
cash back
$120
Annual fee
First Year Rebate
Based on the minimum spend required to earn the full welcome bonus.
Last updated: February 12, 2026
The CIBC Dividend® Visa Infinite* Card is one of Canada's leading cash back credit cards thanks to its 4% return on eligible gas, EV charging, and groceries.†
| Tier | Amount | Requirement |
|---|---|---|
| Bonus earn rate | $300 | in 4 months 10% cash back on up to $3,000 spent in the first four statements |
| On first purchase | $50 | First purchase |
| Total | $350 cash back |
Annual Fee
$120
First Year
Free
First year free
The welcome bonus is modest by current standards, but the waived first-year fee tilts the math heavily in your favor – you're collecting $350 with no upfront cost. The pre-authorized payment requirement is trivial for anyone already routing bills through cards.
This works best as a one-year play: capture the bonus, evaluate your category spend, then reassess at renewal. Households with heavy grocery and gas volume have the easiest path to justifying retention beyond year one.
| Category | Rate |
|---|---|
| Gas | 4% |
| EV Charging | 4% |
| Groceries | 4% |
| Transit | 2% |
| Dining | 2% |
| Bills | 2% |
| Everything Else | 1% |
The 4% tier captures the two highest-volume household categories – groceries and gas – which can easily represent $1,500+ monthly for a family, making this one of the strongest pure cash-back plays in Canada for those core expenses. EV charging at 4% is a forward-looking inclusion that keeps the card relevant as drivers transition to electric.
The 1% default rate on travel, general retail, and online shopping means you'll want a companion card for flights, hotels, and Amazon – but for Canadians who spend heavily on groceries, fuel, dining, and recurring bills, this card captures the majority of monthly spend at premium rates without category caps or complexity.
Mobile device insurance
GeneralCash back cards strip away the travel perks found on premium travel cards, and this one is no exception. You won't find lounge access, statement credits, or concierge services – the value proposition is purely about earnings, not ancillary benefits.
The first-year fee waiver gives you twelve months to evaluate whether the earn rates justify keeping the card beyond year one, effectively turning it into a risk-free trial period to measure actual returns against the upcoming annual cost.
Underwritten by Belair Insurance Company Inc.
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | $5,000,000 | 10 days · not covered (65+) · Cardholder, spouse, and dependent children travelling outside their province of residence |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car | Included | CDW/LDW · MSRP ≤ $85,000 · up to 48 days |
| Travel Accident | $500,000 | — |
| Purchase Protection | $60,000/year | 90-day coverage |
| Extended Warranty | +1 year | — |
| Mobile Device | Included | $1,000/claim |
Pre-Existing Conditions
90-day stability period required
View Certificate of Insurance (PDF)
Coverage here hits the essential marks for short-haul travel and everyday protection – the 90-day pre-existing condition window and $85,000 rental car threshold are both slightly above baseline, which matters if you've had recent prescriptions adjusted or plan to rent a mid-size SUV abroad.
For travellers over 65 or planning extended trips, this won't replace standalone insurance, but it's a competent safety net for routine getaways and eliminates the need to buy collision coverage at rental counters.
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Apply NowLast updated: February 12, 2026
