By: Alicia
The CIBC Dividend® Visa Infinite Card offers significant advantages, such as cash rewards for everyday expenses like grocery shopping and gas purchases. Additionally, it provides travel insurance benefits and customer protection, making it a solid choice for saving and traveling with peace of mind.
As we move into 2025, the CIBC Dividend® Visa Infinite Card continues to solidify its reputation as a powerhouse for cash-back enthusiasts. It is specifically engineered for Canadian households that prioritize high returns on essential spending, offering a market-leading 4% cash back on groceries, gas, and even EV charging. This earning potential is further complemented by a 2% return on dining, transportation, and recurring payments, effectively turning every bill and commute into a saving opportunity. A major update for 2025 is the enhanced flexibility in rewards; cardholders can now redeem their cash back at any time once their balance reaches just $10, providing immediate liquidity instead of waiting for an annual statement credit.
Beyond the lucrative rewards, the card serves as a comprehensive travel companion. It offers a robust suite of travel insurance benefits, including up to $5 million in out-of-province emergency medical coverage for trips up to 10 days, along with car rental collision and loss damage insurance. For daily security, the card includes Mobile Device Insurance (covering up to $1,000 for loss or damage) and Purchase Security that doubles the manufacturer’s warranty. While the card requires a minimum individual income of $60,000 (or $100,000 household), the first-year annual fee rebate often included in welcome offers makes it an accessible entry point into the “Infinite” class of premium financial products.