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

The CIBC Dividend Visa Infinite has a $120 annual fee, while the Neo World Elite Mastercard charges $125/year.

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

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

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

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

Too close to call — $10 difference per year

Neo World Elite Mastercard wins groceries (+$97), bills & utilities (+$96)
CIBC Dividend Visa Infinite wins gas (+$36), dining & restaurants (+$33)

Groceries: +$97Bills & Utilities: +$96Gas: +$36

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

Neo World Elite Mastercard: Groceries cap limits earning — losing ~$31/yr above cap

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

Showing Year 1 analysis

Dollar Value

$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

$993

/first year

2.4% effective$83/mo

vs 1% no-fee card: +$574

Annual rewards earned+$1,133

Welcome bonus+$15

FX costs−$30

Annual fee−$125

Grocery cap reached at $12,000 — remaining $780 earns at base rate (losing ~$31 vs uncapped)

Total lost to caps: $31/yr across 1 category

Too close to call — choose based on network acceptance or benefits.

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

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The Bottom Line

Too close to call — $10 difference per year

Neo World Elite Mastercard wins groceries (+$97), bills & utilities (+$96)
CIBC Dividend Visa Infinite wins gas (+$36), dining & restaurants (+$33)

Groceries: +$97Bills & Utilities: +$96Gas: +$36

Choose based on:

Network preference — Visa/MC acceptance at your regular merchants
Existing loyalty program alignment
Welcome bonus timing and eligibility
Benefits you value — lounge access, insurance, purchase protection

Showing Year 1 analysis

Year-over-Year

Year 1

Too close to call

Year 2+

Neo World Elite Mastercard

by $125 — ongoing earn advantage

Things to Consider

Neo World Elite Mastercard: Groceries cap limits earning — losing ~$31/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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