The CIBC Dividend Visa Infinite Card is designed to help users maximize their savings through cash back rewards and exclusive benefits. With a welcome offer, competitive cash back rates, and valuable insurance coverage, this card stands out in the market. Let’s delve deeper into its advantages, disadvantages, and extra features.
Advantages of the card CIBC Dividend Visa Infinite Card
1. Generous Welcome Offer: New cardholders can enjoy a first-year annual fee rebate and earn 10% cash back on eligible purchases for the first 4 statements, up to $2,000.
2. Competitive Cash Back Rates: Earn up to 4% cash back on eligible gas, electric vehicle charging, groceries, transportation, dining, and recurring payments, with 1% cash back on all other purchases.
3. No Limit on Cash Back: Enjoy the flexibility of earning unlimited cash back rewards with no caps on earnings.
4. Award-Winning Recognition: The CIBC Dividend Visa Infinite Card has been recognized as the Best Cash Back Credit Card for multiple years, showcasing its popularity and reliability.
5. Valuable Insurance Coverage: Cardholders receive a range of insurance benefits including Mobile Device Insurance and Out-of-Province Emergency Travel Medical Insurance.
6. Exclusive Visa Infinite Program: Access hotel benefits, unique dining events, and 24-hour complimentary concierge services through the Visa Infinite program.
7. Additional Savings Opportunities: Save on gas with up to 10 cents off per litre at participating gas stations with Journie Rewards, and enjoy discounts on car rentals at select locations worldwide.
Disadvantages of the card CIBC Dividend Visa Infinite Card
1. Annual Fee: While the first-year annual fee is rebated, there is an annual fee of $120 for subsequent years, unless the cardholder has a CIBC Smart Plus Account to receive an annual fee rebate.
2. Interest Rates: The purchase and cash interest rates are relatively high, which may not be ideal for those who carry a balance on their credit card.
3. Income Requirement: Applicants need to meet a minimum individual or household annual income of $60,000 or $100,000 respectively, which could be a barrier for some individuals.
Extra features offered by CIBC Dividend Visa Infinite Card
1. Flexible Redemption: Cash back rewards can be redeemed at any time through CIBC Online Banking and the CIBC Mobile Banking App, offering convenience and control over rewards.
2. Enhanced Security: Benefit from Visa’s Zero Liability Policy, fraud alerts, and the Digital Disputes Platform for added security and peace of mind.
3. Optional Insurance: Cardholders can opt for CIBC Payment Protector Insurance for Credit Cards to protect against unforeseen circumstances affecting their ability to make payments.
Learn how to apply for your credit card CIBC Dividend Visa Infinite Card
Applying for the CIBC Dividend Visa Infinite Card is quick and easy. Simply visit the CIBC website or use the CIBC Mobile Banking App to complete your application in just a few minutes. Alternatively, you can visit a CIBC banking center to apply in person.
Discover the main ways to apply for the card CIBC Dividend Visa Infinite Card
Prerequisites for requesting the CIBC Dividend Visa Infinite Card include meeting the minimum income requirements, ensuring eligibility, and having the necessary documents ready for the application process.
From the site
1. Visit the CIBC website and navigate to the credit cards section.
2. Select the CIBC Dividend Visa Infinite Card and click on ‘Apply Now’.
3. Follow the prompts to complete the online application form.
4. Submit the required documents and await approval.
From the site App
1. Download the CIBC Mobile Banking App from your app store.
2. Log in to your CIBC account or sign up if you’re a new user.
3. Navigate to the credit cards section and select the CIBC Dividend Visa Infinite Card.
4. Follow the prompts to complete the application process securely from your mobile device.
By agency
1. Visit a CIBC banking center near you.
2. Speak to a representative who will guide you through the application process.
3. Provide the necessary information and documents to complete your application in person.
In conclusion, the CIBC Dividend Visa Infinite Card offers a compelling combination of generous cash back rewards, exclusive benefits, and valuable insurance coverage. While there are annual fees and income requirements to consider, the card’s advantages outweigh the drawbacks for many users seeking to maximize their savings and enjoy additional perks. With multiple award recognitions and flexible redemption options, this card stands out as a top choice in the cash back credit card market.
