BMO
BMO CashBack World Elite Mastercard
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash back
CIBC Dividend Platinum Visa Card review
4.0Rated by the CreditCardGuru Editorial Team
A capable mid-tier cash back card, though most who qualify should stretch to the Dividend Visa Infinite for better rates and insurance.
At a glance
- Annual fee
- $99
- Welcome bonus
- ~$300
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 3% |
| Gas & EV charging | 3% |
| Transportation | 2% |
| Dining | 2% |
| Recurring payments | 2% |
| Travel via CIBC by Expedia | 2% |
| Everything else | 1% |
Welcome offer: Up to $300 in value: 10% cash back welcome bonus (up to $200), $50 pre-authorized payment bonus and first-year annual fee rebate (10% bonus on up to $2,000 in net purchases over first 4 statements; set up one pre-authorized payment within first 4 statements).
Pros & cons
Pros
- Strong cash back rates with an accessible income requirement
- First-year fee rebate
Cons
- For $21 more, the Visa Infinite earns 4% in top categories
- No travel medical or mobile device insurance
Perks & insurance
Key perks
- 3% cash back on gas, EV charging and groceries
- 2% on transportation, dining and recurring payments
- Low $15,000 household income requirement
- Up to 10 cents off per litre with Journie Rewards
- Free Skip+ membership when linked
Insurance
- Purchase security and extended protection
- Common carrier accident ($500,000)
- Car rental collision and loss damage
Rates & fees
- Annual fee
- $99
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
First year rebated under current offer; $30 per additional card.
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
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Top pickCIBC
CIBC Dividend Visa Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills