CIBC Dividend Visa Infinite Card vs Wealthsimple Credit Card
The short answer: for most people the CIBC Dividend Visa Infinite Card is the better overall card — we rate it 4.5/5 and it shines if you want households with heavy grocery and gas spend who want maximum cash back.. Choose the Wealthsimple Credit Card instead if your priority is no-fee, no-fx everyday cash back — especially for wealthsimple clients.
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| Our rating | 4.5 | 4.4 |
|---|---|---|
| Annual fee | $120/yr | No annual fee |
| Welcome bonus | $350 | None |
| Foreign transaction fee | 2.5% | None |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 21.99% | 20.99% |
| Income required | $60,000 personal | None stated |
| Best for | Households with heavy grocery and gas spend who want maximum cash back. | No-fee, no-FX everyday cash back — especially for Wealthsimple clients |
| Apply now | Apply now |
CIBC Dividend Visa Infinite Card
Our winnerCIBC'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.
Wealthsimple Credit Card
A standout no-fee card: a flat 1% with zero foreign transaction fees is rare, and Wealthsimple clients can push it to 2%. A no-fuss everyday and travel card.
Frequently asked questions
Is the CIBC Dividend Visa Infinite Card or the Wealthsimple Credit Card better?
For most Canadians, the CIBC Dividend Visa Infinite Card is the better overall pick (we rate it 4.5/5 vs 4.4/5). It's especially strong if you want households with heavy grocery and gas spend who want maximum cash back.. The Wealthsimple Credit Card can still win if you specifically want no-fee, no-fx everyday cash back — especially for wealthsimple clients.
Which card has the lower annual fee?
The Wealthsimple Credit Card has the lower annual fee (no annual fee vs a $120 annual fee).
Do either of these cards charge foreign transaction fees?
CIBC Dividend Visa Infinite Card: 2.5% foreign transaction fee. Wealthsimple Credit Card: no foreign transaction fee.