Which has the lower annual fee, BMO CashBack World Elite Mastercard or CIBC Dividend Visa Infinite?

Both cards have the same annual fee of $120.

Which card is better for groceries, BMO CashBack World Elite Mastercard or CIBC Dividend Visa Infinite?

The BMO CashBack World Elite Mastercard earns 5% on groceries, while the CIBC Dividend Visa Infinite earns 4%. The better choice depends on your grocery spending and the specific merchants you shop at.

BMO CashBack World Elite Mastercard vs CIBC Dividend Visa Infinite — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

BMO CashBack World Elite Mastercard wins by $210/yr — strongest in groceries

CIBC Dividend Visa Infinite earns $143 more on groceries
CIBC Dividend Visa Infinite earns $60 more on everything else
$470 welcome bonus advantage

Groceries: +$143Everything Else: +$60Gas: +$36

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

BMO CashBack World Elite Mastercard: $30/yr in foreign transaction fees

CIBC Dividend Visa Infinite: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$1,193

/first year

2.8% effective$99/mo

vs 1% no-fee card: +$774

Annual rewards earned+$743

Welcome bonus+$480

First-year fee waiver+$120

FX costs−$30

Annual fee−$120

Grocery cap reached at $6,000 — remaining $6,780 earns at base rate (losing ~$271 vs uncapped)

Total lost to caps: $271/yr across 1 category

$983

/first year

2.3% effective$82/mo

vs 1% no-fee card: +$564

Annual rewards earned+$1,003

Welcome bonus+$10

First-year fee waiver+$120

FX costs−$30

Annual fee−$120

Best for your spendingBMO CashBack World Elite Mastercard—$1,193Year 1 value

+$210 more than CIBC Dividend Visa Infinite

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Downgrade

Coming soon

The Bottom Line

BMO CashBack World Elite Mastercard wins by $210/yr — strongest in groceries

CIBC Dividend Visa Infinite earns $143 more on groceries
CIBC Dividend Visa Infinite earns $60 more on everything else
$470 welcome bonus advantage

Groceries: +$143Everything Else: +$60Gas: +$36

Showing Year 1 analysis

Year-over-Year

Year 1

BMO CashBack World Elite Mastercard

by $210 — welcome bonus advantage

Year 2+

CIBC Dividend Visa Infinite

by $260 — ongoing earn advantage

BMO CashBack World Elite Mastercard wins Year 1 thanks to a better welcome bonus, but CIBC Dividend Visa Infinite earns more ongoing. Consider how long you plan to hold the card.

Things to Consider

BMO CashBack World Elite Mastercard: Groceries cap limits earning — losing ~$271/yr above cap

Data Sources

Issuer terms & conditions (verified Mar 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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