Expiry: Mar 31, 2016
This offer applies to the following eligible cards: CIBC Dividend Visa Infinite Card and CIBC Dividend Platinum Visa Card. If you apply and are approved for a new eligible card between January 18 and March 31, 2016, CIBC will rebate the annual fee for you (the primary cardholder) and up to three authorized users added at the time of the application. And, you will get 4% cash back for all purchases posted to your account for the first 6 months (or $5000 in total purchases).
This is a great offer, and I should admit that these 2 credit cards are both very good cards too. The CIBC Dividend Visa Infinite is somehow similar to the Scotiabank Momentum Visa Infinite. After the first 6 months, the cash back ratio will return to the original terms.
CIBC Dividend Visa Infinite:
- $99 annual fee
- Earn 4% cash back on purchases (excluding returns) at merchants classified by the credit card network as grocery stores or service stations/automated gas dispensers.
- Earn 2% cash back on purchases (excluding returns) at merchants identified as Tim Hortons or TELUS merchants by the merchant payment terminal.
- All other purchases earn 1% cash back.
- Have a minimum personal income of $60,000 or a minimum household income of $100,000
- Out-of-Province Emergency Travel Medical Insurance
- Trip Interruption Insurance
- Flight Delay and Baggage Insurance for lost, stolen, damaged or delayed checked baggage
- Auto Rental Collision/Loss Damage Insurance
- $500,000 Common Carrier Accident Insurance
- Purchase Security & Extended Protection Insurance
CIBC Dividend Visa Platinum:
- $99 annual fee
- Earn 4% cash back on purchases (excluding returns) at merchants classified by the credit card network as grocery stores or service stations/automated gas dispensers.
- Earn 2% cash back on purchases (excluding returns) at merchants identified as Tim Hortons or TELUS merchants by the merchant payment terminal.
- All other purchases earn 1% cash back.
- Have a minimum household income of $15,000
- Auto Rental Collision/Loss Damage Insurance
- $500,000 Common Carrier Accident Insurance
- Purchase Security and Extended Protection Insurance
Note: The 4% and 2% cash back offers are only available on the first $80,000 in net annual card purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, Tim Hortons or TELUS purchases on your account, whichever comes first; after that, net card purchases at all merchants, including grocery stores, service stations/automatic gas dispensers, Tim Hortons or TELUS will earn cash back at the regular rate of 1%. The $80,000 limit and the $20,000 limit will reset to zero after the day your December statement is printed.