Capital · Credit Cards · CIBC
Four Percent On Gas,
Until Twenty Thousand.
Four percent back on gas, EV charging and groceries, and a cap the product page does not mention. CIBC cut it from $80,000 to $50,000 on 1 August 2025 and set a $20,000 sub cap inside it. Every figure here is off CIBC, read 6 September 2026.
The CIBC Dividend Visa Infinite Card costs $120 a year, rebated in the first year, and $50 for each of up to three additional cards. It earns four percent on eligible gas, electric vehicle charging and groceries, two percent on transportation, dining and recurring payments, and one percent on everything else. Interest is 21.99 percent. Not advice.
Gas, EV And Groceries
The headline rate, and the reason for the card.
The Cap That Binds
Combined across gas, groceries, transit, dining and recurring.
The Wider Cap
All card purchases. Whichever comes first.
A Year
First year rebated, additional cards too.
What The Card Is
Read off CIBC on 6 September 2026, in their words before mine.
There Are Two Caps And The Smaller One Decides
CIBC states the accelerated rates apply on “the first $50,000 in net annual card purchases … or $20,000 in net annual card purchases on grocery stores, supermarkets, gas service stations and automated fuel dispensers, merchants classified as electric vehicle charging … commuter transportation, eating and drinking places and restaurants or on recurring payments on your account, whichever comes first”. For almost anyone who holds this card for its categories, the $20,000 is the real ceiling.
The Cap Halved In 2025 And The Headline Did Not Move
CIBC’s own pricing change notice sets out both figures: the accelerated rates were “available on the first $80,000” and became “available on the first $50,000”, effective 1 August 2025. The four percent stayed four percent. This is the clearest example in Canada of the rule that you read the cap, not the headline.
The Purchase Rate Went Up At The Same Time
The same notice moved the purchase rate from 20.99 to 21.99 percent. Cash advances are 22.99 percent, or 21.99 for Quebec residents.
The Caps Reset On The December Statement
CIBC states “The $50,000 limit and the $20,000 limit will reset to zeros after your December Statement Date.” Not the calendar year end and not the account anniversary. A card opened in the autumn gets a very short first period.
The Arithmetic On $120
What the four percent is actually worth once the cap is in the equation.
Four Percent Of $20,000 Is $800
That is the most the accelerated rates can pay in a year, before the one percent on everything else. Against a $120 fee that is a wide margin, and it is a ceiling rather than a rate.
The Fee Comes Back At $3,000 Of Category Spend
Four percent of $3,000 is $120. Anyone spending that on gas and groceries in a year clears the fee, and the first year is rebated anyway.
Cash Back Is No Longer Paid Out Automatically
CIBC removed the automatic December redemption on 1 August 2025. Cash back now accumulates until the primary cardholder redeems it, at a $10 minimum, credited within five days. Only the primary cardholder can redeem.
The Welcome Offer Is Ten Percent For Four Statements
Ten percent cash back to a maximum of $200 on net purchases up to $2,000 across the first four statements, plus $50 for setting up one pre authorised payment in the same window, plus the $120 first year fee rebate.
The Case Against Carrying It
Same standard as every other page here.
The Product Page Says There Is No Limit
CIBC’s own product page carries the phrase no limit on the total cash back you can earn while the benefits guide sets a $50,000 and $20,000 cap on the accelerated rates. Both are CIBC’s words. They reconcile only if you read no limit as being about dollars of cash back rather than about eligible spend, which is not how anyone reads it.
CIBC Is Still Serving A 2021 Rates Sheet
A rates summary dated current as of October 3, 2021 is still live on cibc.com and shows a 20.99 percent purchase rate and a $30 additional card fee. Both are superseded. Anyone landing on it from search gets the wrong numbers.
Global Money Transfers Earn Nothing
CIBC markets the $0 fee transfer as a card benefit. It earns no cash back.
It Is A One Country Card
The foreign transaction fee is 2.5 percent of the converted amount, on both debits and credits. Nothing about this card is built for spending abroad.
How It Sits In A Stack
Not advice. How this card reads next to the others published here.
It Is The Gas Card, Within Its Cap
Four percent on fuel and EV charging is the highest published gas rate on this list. The $20,000 combined cap is the thing to plan around, not the rate.
It Pays In Money, Not Points
No redemption table, no transfer partners, no valuation argument. Four percent is four percent, which is worth something on a site that keeps pointing out that points are not dollars until you move them.
The Journie Discount Stacks On The Rate
CIBC states up to ten cents a litre at participating Pioneer, Fas Gas, Ultramar and Chevron stations when the card is linked to a Journie Rewards account. That is a discount at the pump on top of the four percent.
What Could Not Be Confirmed
In circulation, and not on the issuer page. Printed rather than dropped.
The Cap Does Not Appear On The Product Page
The $50,000 and $20,000 limits are stated in CIBC’s benefits guide, its cash back benefits page and its pricing change notice. They do not appear in the rendered copy or footnotes of the product page, which instead says there is no limit on the total cash back you can earn. The numbered legal footnotes on that page could not be read, so it is possible they restate the cap. Published here as a discrepancy rather than resolved.
The Welcome Offer Has No Published End Date
No application deadline appears on the product page or the cash back cards page. Whether the offer is open ended or has an unpublished expiry could not be determined on 6 September 2026.
All figures read off CIBC’s own Canadian pages and linked PDFs for the CIBC Dividend Visa Infinite Card on 6 September 2026: annual fee $120 with the first year rebated and $50 each for up to three additional cards also rebated in the first year, minimum income of $60,000 individual or $100,000 household, four percent cash back on eligible gas, electric vehicle charging and groceries, two percent on transportation, dining, recurring payments and eligible travel through CIBC by Expedia and one percent on everything else, accelerated rates available on the first $50,000 in net annual card purchases or $20,000 in net annual card purchases across grocery, gas, electric vehicle charging, commuter transportation, dining and recurring payments whichever comes first, with both limits resetting after the December statement date, a pricing change notice recording the reduction of that cap from $80,000 to $50,000 and the increase of the purchase rate from 20.99% to 21.99% effective 1 August 2025, annual interest rates of 21.99% on purchases and 22.99% on cash advances or 21.99% for Quebec residents, a foreign currency conversion fee of 2.5% of the converted amount on both debits and credits, a welcome offer of ten percent cash back up to $200 on net purchases up to $2,000 across the first four statements plus $50 for setting up one pre authorised payment in the same window, a minimum cash back redemption of $10 credited within five days and redeemable only by the primary cardholder, and a Journie Rewards fuel discount of up to ten cents per litre at participating Pioneer, Fas Gas, Ultramar and Chevron stations. The cap does not appear on CIBC’s product page and that discrepancy is published above. No figure on this page comes from a comparison site. Cody Wise does not hold this card.
The Rest Of The Card Pages
What is actually in the wallet, and the one that is not.
The Whole Card Stack
Nine cards across six issuers, what each one costs and what it is actually for.
The Amex Platinum
The premium card in the wallet, with the $799 fee broken down against its credits.
The Centurion
The card with no application form, and what American Express actually publishes about it.
Common Questions
$120 a year, rebated in the first year, and $50 each for up to three additional cards, also rebated in the first year. Read off CIBC on 6 September 2026.
Yes. CIBC states the accelerated rates apply to the first $50,000 in net annual card purchases or $20,000 in net annual card purchases across grocery, gas, EV charging, commuter transportation, dining and recurring payments, whichever comes first. Both reset after the December statement date.
Yes. CIBC’s pricing change notice moved the accelerated rate cap from the first $80,000 to the first $50,000 in net annual card purchases, effective 1 August 2025. The four percent headline did not change.
21.99 percent on purchases, and 22.99 percent on cash advances, or 21.99 percent for Quebec residents. The purchase rate rose from 20.99 percent on 1 August 2025.
Cash back accumulates until the primary cardholder redeems it, at a minimum of $10, credited within five days. CIBC removed the automatic December payout on 1 August 2025.
A Rate Is Not A Return
Until You Spend There.
Every accelerated rate in Canada is a rate on one category. The only question that matters is whether that category is where your money actually goes.
Not financial advice.