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Did you know the CIBC Dividend® Visa Infinite* Card is the Best Cash Back Credit Card for 2024, 2023, and 2022 by Milesopedia? It’s a top pick for Canadians wanting to earn more cash back. You can get up to 4% cash back on groceries, gas, and EV charging.
In this article, we’ll show you how to apply for the CIBC Dividend Visa Infinite Card. We’ll cover what documents you need and the many benefits it offers.
Introduction to the CIBC Dividend Visa Infinite Card
The CIBC Dividend® Visa Infinite* Card is perfect for Canadians wanting to boost their spending power. It offers cash back rewards CIBC on various purchases.
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You can get up to 4% cash back on groceries, gas, and electric vehicle charging.
CIBC Dividend
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It also gives 2% cash back on dining and transportation, and 1% on everything else. You can cash in your rewards when you have at least $25. The card costs $120 a year, but extra cards are just $30 each, saving you money.
New users get a great welcome bonus. You can earn 10% cash back on purchases up to $2,000 for the first four months. This means you could get up to $200 in rewards. Plus, you get Visa Infinite perks like travel benefits, insurance, and access to luxury services.
| Feature | Details |
|---|---|
| Annual Fee | $120 |
| Welcome Bonus | 10% cash back on net purchases (up to $200) |
| Rewards | 4% (groceries, gas, EV charging), 2% (dining, transportation), 1% (all other purchases) |
| Minimum Redemption | $25 |
| Insurance Coverage | Includes travel and purchase protections |
Why Choose the CIBC Dividend Visa Infinite Card?
The CIBC Dividend Visa Infinite Card is a top pick among CIBC Visa cards. It offers many benefits for those who earn well. With it, you get to enjoy cash back on everyday purchases like groceries and transport.
This card also comes with exclusive perks. For example, the Visa Infinite Concierge helps with travel and entertainment plans. You also get car rental discounts, Purchase Security, and Extended Warranty Insurance for eligible items.
This card is perfect for those who want rewards for their daily spending. It’s known for its high cash back rates, making it a top choice in Canada.
How to Apply for the CIBC Dividend Visa Infinite Card
Applying for the CIBC Dividend Visa Infinite is easy and straightforward. You can start by going online or visiting a CIBC branch. Just follow a few simple steps to enjoy the card’s many benefits.
Step 1: Visit the CIBC Website or Branch
Begin by visiting the CIBC website or a local branch. Choosing to apply for the CIBC Dividend Visa Infinite is a big financial decision. You’ll find lots of help to guide you through it.
Step 2: Select the Card
After you get to the website or branch, find the CIBC Dividend Visa Infinite Card section. Knowing the card’s benefits, like cash back on purchases, will help you decide.
Step 3: Provide Personal and Financial Details
To finish your application, you’ll need to share personal info like your name and address. You’ll also need to give financial details, such as your income and job status. After you apply, you’ll get quick approval. This means you can start earning cash back rewards fast.
Required Documents for Your Application
When you apply for the CIBC Dividend Visa Infinite Card, you need to gather some important documents. Knowing what ID and income proof you need is key to a smooth application.
Identification Requirements
A valid Canadian ID is a must for CIBC credit card applications. You can use a driver’s license or a passport. These prove who you are and where you live.
Applicants must be Canadian citizens or residents. If you’re only temporarily in Canada, it might take longer to review your application. Also, you must be at least 18 or 19 years old, depending on your province.
Proof of Income
It’s important to provide the right proof of income for your CIBC card application. You can submit pay stubs, tax returns, or financial statements. These should show your annual income.
To qualify, your household income must be at least $15,000 a year. Giving accurate income documents can really help your chances of getting approved.
Understanding the Benefits of the CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite Card offers many benefits. It gives you cashback rewards on gas, EV charging, and groceries. You also get a welcome bonus worth over $400.
One great feature is 10% cash back on the first $2,500 spent in the first four months. This adds up to $250 cash back. Setting up a pre-authorized payment in the first four months gives you an extra $50 cash back.
This card also has premium benefits. It includes out-of-province emergency medical coverage and mobile device insurance. You also get collision and loss damage insurance for rental cars, perfect for travelers.
The annual fee is $120, but it’s waived in the first year. You also get a 12-month Skip+ trial. The first three supplementary cards are free for the first year, with each additional card costing $30.
The CIBC Dividend Visa Infinite Card offers great cashback rewards and insurances. It’s a top choice for Canadians looking for a premium card.
| Feature | Details |
|---|---|
| Cash Back on Gas, EV Charging, and Groceries | 4% |
| Cash Back on Dining, Transportation, and Recurring Payments | 2% |
| Cash Back on Other Purchases | 1% |
| Welcome Bonus | 10% cash back up to $250 for first 4 statements |
| Annual Fee | $120 (rebated in the first year) |
| Emergency Travel Medical Insurance | $5,000,000 for the first 10 days for cardholders aged 64 or younger |
| Mobile Device Insurance | Up to $1,000 for devices purchased with the card |
| Purchase Protection | Covers damages or theft within 90 days |
Tips for Maximizing Your Cash Back Rewards
To get the most from the CIBC Dividend Visa Infinite Card, think about how you spend. Move your usual debit card expenses to the credit card. This way, every dollar you spend can earn you cash back.
Setting up regular payments on the card is easy and adds to your rewards. Adding family members as authorized users is smart. It lets everyone contribute to the cash back without limits.
It’s important to watch your spending closely. The CIBC Dividend rewards tips say to check your spending habits. Focus on categories like gas, groceries, and dining for higher rewards.
Here’s a table showing how much cash back you can earn in different categories:
| Spending Category | Cash Back Rate | Annual Cash Back Estimate (Based on $2,200 Monthly Spending) |
|---|---|---|
| Gas and Groceries | 4% | $480 |
| Dining and Transportation | 2% | $528 |
| Other Purchases | 1% | $264 |
By following these tips, you can boost your rewards. Make every transaction count and enjoy the perks of your card.
Conclusion
Applying for the CIBC Dividend® Visa Infinite* Card is easy. It offers great cash back rewards and premium benefits for daily spending. The application process is simple, making it easy to get a card that rewards your purchases.
This card also comes with amazing insurance and perks. You get emergency travel medical insurance and mobile device protection. These benefits make your experience with the card even better.
The card gives you 4% cash back on gas and groceries. This means you save money with every purchase. Plus, there’s a first-year fee rebate, making it even more appealing.
There’s no limit to the cash back you can earn. This is great for both occasional and frequent users. It’s a smart choice for Canadians looking for a CIBC cash back card.
In short, by following the application steps and understanding the card’s benefits, you’re set for a great financial journey. This card is not just for managing expenses. It also improves your financial wellbeing.
