Which has the lower annual fee, CIBC Dividend Visa for Students or Wealthsimple Visa Infinite Credit Card?

The CIBC Dividend Visa for Students has no annual fee, while the Wealthsimple Visa Infinite Credit Card charges $240/year.

Which card is better for groceries, CIBC Dividend Visa for Students or Wealthsimple Visa Infinite Credit Card?

The CIBC Dividend Visa for Students earns 1% on groceries, while the Wealthsimple Visa Infinite Credit Card earns 2%. The better choice depends on your grocery spending and the specific merchants you shop at.

Which card is better for international purchases?

The CIBC Dividend Visa for Students has a 2.5% foreign transaction fee, while the Wealthsimple Visa Infinite Credit Card has no foreign transaction fee. The card with no FX fee is better for international purchases.

CIBC Dividend Visa for Students vs Wealthsimple Visa Infinite Credit Card — Which Is Better? | Churnr

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

Wealthsimple Visa Infinite Credit Card wins by $473/yr — strongest in groceries

Wealthsimple Visa Infinite Credit Card earns $128 more on groceries
Wealthsimple Visa Infinite Credit Card earns $72 more on bills & utilities
Saves $30/yr in foreign transaction fees
$240 higher annual fee, offset by rewards

Groceries: +$128Bills & Utilities: +$72Shopping: +$63

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

Showing Year 1 analysis

Dollar Value

$225

/first year

0.5% effective$19/mo

vs 1% no-fee card: −$193

Annual rewards earned+$255

FX costs−$30

Annual fee−$0

Winner

$699

/first year

1.7% effective$58/mo

vs 1% no-fee card: +$280

Annual rewards earned+$694

Welcome bonus+$5

First-year fee waiver+$240

FX costsNo FX fee

Annual fee−$240

Best for your spendingWealthsimple Visa Infinite Credit Card—$699Year 1 value

+$473 more than CIBC Dividend Visa for Students

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Earn Rates by Category

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The Bottom Line

Wealthsimple Visa Infinite Credit Card wins by $473/yr — strongest in groceries

Wealthsimple Visa Infinite Credit Card earns $128 more on groceries
Wealthsimple Visa Infinite Credit Card earns $72 more on bills & utilities
Saves $30/yr in foreign transaction fees
$240 higher annual fee, offset by rewards

Groceries: +$128Bills & Utilities: +$72Shopping: +$63

Showing Year 1 analysis

Wealthsimple Visa Infinite Credit Card 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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