CIBC Dividend Visa Infinite Card (QC) Review



Annual Fee


Annual Rewards

15% Cashback

Intro Offer


Annual fee


Annual rewards

15% Cashback

Intro offer


  • Earn up to 4% cash back on eligible gas and grocery purchases
  • 2% cash back on eligible transportation, dining, and recurring payments
  • 1% cash back on all other purchases
  • Complimentary roadside assistance
  • Travel medical insurance coverage
  • Purchase security and extended warranty protection
  • No minimum income requirement


  • $120 annual fee
  • Not all retailers categorized for bonus cash back
  • Cash back rewards credited only once a year
  • Lower cash back rate for Quebec residents compared to other regions
  • Limited in its travel rewards

Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we’re the most trusted source for credit card reviews.

The CIBC Dividend Visa Infinite Card (QC) has earned a 3.44 DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).




Interest rates




The highest scoring categories for the CIBC Dividend Visa Infinite Card (QC) are rewards and interest.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the CIBC Dividend Visa Infinite Card (QC) the most important factors for scoring this card are its rewards and interest.


With the CIBC Dividend Visa Infinite Card (QC), here’s the rates at which you earn rewards for different spending categories per dollar you spend:

Specific Stores1%
All Other Spend1%

Calculating your annual rewards

We estimate that spending $2,000 per month with the CIBC Dividend Visa Infinite Card (QC) would earn $516 in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you’d earn this per category:

All Other Spend$132

Our study investigating the value found that each dollar spent on the CIBC Dividend Visa Infinite Card (QC) is worth up to $0.02, depending on how you redeem.

This $516 in rewards value puts the CIBC Dividend Visa Infinite Card (QC) in the top 30% of credit cards in Canada based on rewards earned.

The average credit card in our database earns $337 in rewards for the same spend that the CIBC Dividend Visa Infinite Card (QC) earns $516 in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that’s a 10% earn rate on gas.

SpendThis CardAverage
Above, we’ve calculated the earn rate for the CIBC Dividend Visa Infinite Card (QC) for every spend category and compared it to the average for all Canadian credit cards.
Redemption methodAnnual rewards
Apply to statement credit$1,032

For an annual spend of $24,000, we estimated annual rewards value at up to $516.

That’s equivalent to a 2.15% return on spending.

The CIBC Dividend Visa Infinite Card (QC) has an annual fee of $120. After deducting this, we predicted net annual rewards of $396.

This puts it in the top 30% of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of $254.


The CIBC Dividend Visa Infinite Card (QC) has a $120 annual fee.

The average card charges $85. So, the CIBC Dividend Visa Infinite Card (QC) is in the top 30% of cards based on the cost of the annual fee.


We manually review the perks of each credit card to determine how they compare to other cards.

The CIBC Dividend Visa Infinite Card (QC) scored a 1.8 out of 5 for perks, putting it in the top 40% of cards.

The average card scores 1.6 out of 5 for perks.

Interest Rates

Cash Advance21.99%
Balance Transfer21.99%

The average (median) credit card has a purchase interest rate of 19.99% and so the CIBC Dividend Visa Infinite Card (QC) charges 1% more than the average.

For cash advances it costs 21.99% compared to the average of 19.96%.

Testing the CIBC Dividend Visa Infinite Card (QC) with a $2,000 starting balance, you can see in the graph how the 1% more in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

InsuranceThis CardAverage
Extended Warranty1 year1 year
Purchase Protection90 days90 days
Travel Accident$500,000$500,000
Emergency Medical Term10 days15 days
Rental Car Theft & DamageYesNo
Mobile Phone Insurance$1,000$1,000

We scored it 2.6 out of 5 for insurance.

It offers 6 types of insurance, whereas the average card has 5 types of coverage.

Approval and qualifying

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$60,000
Household Income$100,000
Annual Fee$120
Extra Card Fee$0
Card typeVisa

We scored it 3.0 out of 5 for approval.

We predict that you will require a credit score of at least 660 to qualify for the CIBC Dividend Visa Infinite Card (QC), while the average card requires 652 to qualify.

This puts it in the top bottom 50% of cards by approval difficulty.

The personal income requirements are $60,000, while the average card requires $23,896.

This puts it in the top 20% of cards by the income required to qualify.

Additional information

New cardholders can benefit from a welcome offer of 5% cash back on all purchases (up to CAD$2,500 spending) for the first 3 months. The BMO Cashback World Elite MasterCard also comes with additional purchase protection, such as extended warranty and purchase protection.

This extra layer of security increases its value for consumers who are seeking a reliable and well-rounded cash back credit card.

Interested in other credit cards? Canadians that like the BMO Cashback World Elite MasterCard credit card also like the BMO Rewards MasterCard. If you’re looking for other options you should consider the BMO Eclipse Visa Infinite Card, and the BMO Preferred Rate MasterCard.


The BMO Cashback World Elite MasterCard allows you to redeem your accumulated cashback rewards in multiple ways. Here are your redemption options:

  • Statement Credit: You can redeem your cashback as a credit applied directly to your account balance, reducing your credit card balance owed.
  • InvestorLine Account: You can choose to deposit your cashback into your BMO InvestorLine account if you have one, contributing to your investment growth.
  • Bank Account: Another option is to redeem your cashback rewards as a deposit into a BMO chequing or savings account, allowing you to spend or save the money as you please.
  • Mortgage Payments: If you have a BMO mortgage, you can opt to apply your cashback rewards towards your mortgage payments, contributing to paying off your mortgage more quickly.
  • Travel Bookings: For travel enthusiasts, you can use your cashback to book flights, hotels, or other travel-related expenses through the BMO Rewards Travel Centre.
  • Charitable Donations: If you wish to support a good cause, you can donate your cashback to a registered charity of your choice.

Please note that redemptions can be made at any time with no minimum cashback threshold and no expiration date on the earned rewards. This offers greater flexibility and control over your rewards utilization.

The BMO Cashback World Elite MasterCard credit card does charge foreign transaction fees. Specifically, cardholders can expect a foreign transaction fee of 2.5% on all purchases made outside of Canada or in foreign currencies.

This fee applies to both online and in-person transactions that involve currency conversion.

The BMO Cashback World Elite MasterCard credit card has a minimum annual income requirement of $80,000 for individuals or a combined household income of at least $150,000.

Key benefits

  • Earn 5% cashback during your first three months, up to $100 in total rewards
  • 1.5% cashback rate with no caps on everyday purchases
  • Enjoy 4 complimentary Mastercard Airport Experience visits yearly
  • Access to a 24/7 concierge service for personalized assistance
  • Protection with extended warranty and purchase protection benefits
  • AVIS and Budget car rental discounts up to 25%
  • Out-of-Province/Country emergency medical coverage for trips up to 8 days
  • Delayed or lost baggage, personal effects, and trip cancellation/interruption insurance options
  • Worldwide common carrier accident protection and travel emergency medical insurance
  • Roadside support available through a complimentary membership in BMO Roadside Assistance
  • 1.99% APR on balance transfers for 9 months (3% transfer fee), then 22.99% APR applies
  • 19.99% annual interest rate on purchases
  • Expedited security line access at select Canadian airports with Mastercard®*Valet™ airport service

The CIBC Dividend Visa Infinite Card (QC) is designed for Canadians looking for a credit card that offers both an attractive cash back rewards program and convenient benefits. In this review, we will discuss the earning potential, benefits, drawbacks, and additional information regarding this versatile credit card.

Earning potential with the card

This card earns cash back on everyday expenses, with reward rates varying based on spending categories. Cardholders earn 4% cash back on eligible gas and grocery purchases, 2% cash back on eligible transportation, dining, and recurring bill payments, and 1% cash back on all other purchases.


  1. Competitive Cash Back Rates (4% on Gas and Groceries): One major advantage of the CIBC Dividend Visa Infinite Card (QC) is its competitive cash back rates. The 4% cash back on gas and groceries will be greatly appreciated by those who spend a significant amount in these categories.
  2. Access to Visa Infinite Features and Services: The second major advantage of this card is the access to Visa Infinite features and services.

    These include exclusive travel offers, discounts at select retailers, and an extensive customer service team providing 24/7 assistance with any inquiries, whether it be travel arrangements or emergency assistance.
  3. Purchase Security & Extended Warranty Protection: The third major advantage of this card is the included purchase security and extended warranty protection.

    Cardholders can shop with peace of mind, knowing that most newly purchased items are protected against theft or damage for up to 90 days, and the warranty period is essentially doubled on eligible items.
  4. First-Year Annual Fee Rebate: The fourth major advantage of this card is the first-year annual fee rebate for both the primary cardholder and up to three authorized users. This offers significant savings during the first year of card membership and allows cardholders to fully explore the benefits without the burden of annual fees.


  1. High Income Requirement: A significant drawback of this card is the income requirement, as cardholders must have a minimum annual income of $60,000 individually or $100,000 as a household. This may make it inaccessible for some potential users who do not meet the income criteria.
  2. No Travel Insurance Coverage: Another significant drawback is the lack of travel insurance coverage. Many competing credit cards in the market offer travel insurance benefits, so if you frequently travel and require coverage, you may need to consider a different card or obtain separate insurance policies.

Additional information

Overall, the CIBC Dividend Visa Infinite Card (QC) is an excellent option for individuals and families who seek a high cash back earning potential on everyday expenses, while enjoying the perks that come with a Visa Infinite product.

However, for those who prioritize travel insurance coverage or do not meet the income requirements, they may want to explore other options.

It’s important to weigh the advantages and disadvantages specific to your own needs and spending habits when selecting the right credit card.

Is the CIBC Dividend Visa Infinite Card (QC) not convincing you? Consider the CIBC Aventura Visa Infinite Card or the CIBC US Dollar Aventura Gold Visa Card. Still not the right credit card? Make sure not to miss the CIBC Aeroplan Visa Card.


The CIBC Dividend Visa Infinite Card (QC) is a cash-back credit card, meaning that instead of earning points, you earn cash-back rewards on your purchases.

As a result, you will not redeem points for products or services, but instead, you can use the cash-back rewards to offset your credit card balance or make purchases directly. Earning cash-back grants you more flexibility in usage compared to a points-based reward system.

The CIBC Dividend Visa Infinite Card (QC) charges a foreign transaction fee of 2.5% on purchases made in a foreign currency. This fee is applied when making transactions outside of Canada or online purchases from international vendors.

The CIBC Dividend Visa Infinite Card (QC) requires a minimum personal income of $60,000 or a minimum household income of $100,000 to be eligible for the card.

Key benefits

  • Annual percentage rate (APR) of 20.99% on purchases
  • 22.99% APR on balance transfers and cash advances
  • Interest-free grace period of at least 21 days
  • Primary cardholder must be a Canadian citizen or permanent resident
  • Must be of majority age in your province/territory
  • Card includes embedded chip and PIN for added security
  • Mobile payment options: Apple Pay, Google Pay, Samsung Pay
  • Visa payWave contactless payment capabilities
  • Access to Visa Infinite Luxury Hotel Collection
  • Optional CIBC Payment Protector Insurance available
  • Eligibility for Visa Infinite Privilege airport lounge access
  • Includes Zero Liability Protection against unauthorized transactions

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