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

The CIBC Dividend Visa Infinite has a $120 annual fee, while the Cash Back World Elite Mastercard charges $130/year.

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

The Cash Back World Elite Mastercard earns 4% 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.

Cash Back 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

CIBC Dividend Visa Infinite wins by $488/yr — strongest in bills & utilities

CIBC Dividend Visa Infinite earns $96 more on bills & utilities
CIBC Dividend Visa Infinite earns $66 more on dining & restaurants

Bills & Utilities: +$96Dining & Restaurants: +$66Everything Else: +$60

Cash Back 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

$495

/first year

1.2% effective$41/mo

vs 1% no-fee card: +$76

Annual rewards earned+$655

FX costs−$30

Annual fee−$130

Winner

$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 spendingCIBC Dividend Visa Infinite—$983Year 1 value

+$488 more than Cash Back World Elite Mastercard

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

CIBC Dividend Visa Infinite wins by $488/yr — strongest in bills & utilities

CIBC Dividend Visa Infinite earns $96 more on bills & utilities
CIBC Dividend Visa Infinite earns $66 more on dining & restaurants

Bills & Utilities: +$96Dining & Restaurants: +$66Everything Else: +$60

Showing Year 1 analysis

CIBC Dividend Visa Infinite wins in both Year 1 and Year 2+ — consistent long-term value.

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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