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
Top pickcash back
CIBC Dividend Visa Infinite Card review
4.5Rated by the CreditCardGuru Editorial Team
CIBC's best card for most people — the 4% grocery/gas rate and broad 2% categories outpace nearly every competitor, easily justifying the fee for typical family spending.
At a glance
- Annual fee
- $120
- Welcome bonus
- ~$350
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 4% |
| Gas & EV charging | 4% |
| Transportation | 2% |
| Dining | 2% |
| Recurring payments | 2% |
| Travel via CIBC by Expedia | 2% |
| Everything else | 1% |
Welcome offer: Up to $350 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
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
- First-year fee rebate on current offer
Cons
- $120 annual fee after year one
- Visa Infinite income requirement applies
Perks & insurance
Key perks
- Market-leading 4% cash back on gas, EV charging and groceries
- No limit on total cash back earned
- Free Skip+ membership and $10 monthly Skip voucher when linked
- Up to 10 cents off per litre with Journie Rewards
- Visa Infinite hotel, dining and concierge privileges
Insurance
- Mobile device insurance
- Purchase security and extended protection
- Out-of-province emergency travel medical
- Common carrier accident ($500,000)
- Car rental collision and loss damage
Rates & fees
- Annual fee
- $120
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $60,000
First year rebated under current offer; $30 per additional card ($50 effective Aug 1, 2026).
Compare CIBC Dividend Visa Infinite Card with…
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
Top pickScotiabank
Scotia Momentum Visa Infinite + Card
4.5·Households with large grocery and bill spending who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$420
- Top reward
- 4% groceries
- Top-tier 4% on groceries and recurring bills
- Multi-year winner of best cash back card awards