CIBC Dividend Visa Infinite

CIBC Dividend Visa Infinite

CIBC Dividend Visa Infinite
Summary: Visa card that earns up to 2% cash back with an annual fee and premium insurance benefits

Description: 

Earn up to 2% cash back annually on purchases made using your CIBC Dividend Visa Infinite Card for an annual fee. Along with Cash Back you will also receive premium benefits including Travel Medical Insurance, Car Rental Insurance, Extended Warranty and Purchase Security Insurance and optional Balance Protection for a fee.

Cash back is earned on a tier system as follows:

Tier one - 0.5% rebate on your first $3,000 in annual net purchases
Tier two - 1% rebate on your next $12,000 in annual net purchases (Between $3,000 and $15,000)
Tier three - 1.5% rebate on your next $20,000 in annual net purchases (Between $15,000 and $35,000)
Tier four - 2% rebate on your next $15,000 in annual net purchases (Between $35,000 and $50,000)

Note: Your year-to-date net purchase amounts must be greater than the dollar range for a tier before you can start earning Dividend Dollars at the next tier rate.

Overview

Credit required:
Excellent
Card Type:
Visa
Version:
Black
Issuer: 
CIBC
Minimum Income: 
$60,000
Minimum Income Note: 
$60,000 personal income or $100000 household incom
Minimum Credit Limit: 
$5,000
Maximum Credit Limit: 
$50,000
 

Annual Interest Rates

Interest Rate: 
19.99%
Cash Advance: 
21.5%
Balance Transfer: 
21.5%
Grace Period: 
21 days
Minimum Payment: 
$10 or 2.1% (whichever is greater)
 

Annual Fees

Annual Fee: 
$79
Supplemental Cards: 
$30
 

Balance Protection

Insurance Plan: 
Payment protection plan
Age to Qualify: 
Under 65
Monthly Premium: 
$0.89 (per $100 of outstanding balance)
Maximum Benefit: 
$20000
 

Rewards

Earn up to 2% cash back (maximum of $735 annually)
Travel / Vacation: 
No
Cash Back: 
Yes
Merchandise: 
No
Groceries: 
No
Vehicle Rebates: 
No
Charitable Donations: 
No
Health Care: 
No
Financial Products: 
No

Benefits

Car Rental Insurance: 
No
Extended Warranty: 
Yes
Travel Accident Insurance: 
Yes
Travel Medical Insurance: 
Yes
Trip Cancellation Insurance: 
Yes*
Flight Delay Insurance: 
No
Baggage Insurance: 
No
Road Insurance: 
No
Balance Protection Insurance: 
Yes*
Indicates restrictions or additional fees may apply. Check the credit card's web site or fine print for more information.
 
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