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

Both cards have the same annual fee of $120.

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

The CIBC Dividend Visa Infinite earns 4% on groceries, while the RBC Cash Back Preferred World Elite Mastercard earns 1.5%. The better choice depends on your grocery spending and the specific merchants you shop at.

CIBC Dividend Visa Infinite vs RBC Cash Back Preferred World Elite Mastercard — 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 $613/yr — strongest in groceries

CIBC Dividend Visa Infinite earns $320 more on groceries
CIBC Dividend Visa Infinite earns $90 more on gas

Groceries: +$320Gas: +$90Everything Else: +$60

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

RBC Cash Back Preferred World Elite Mastercard: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

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

$370

/first year

0.9% effective$31/mo

vs 1% no-fee card: −$49

Annual rewards earned+$520

FX costs−$30

Annual fee−$120

Best for your spendingCIBC Dividend Visa Infinite—$983Year 1 value

+$613 more than RBC Cash Back Preferred World Elite Mastercard

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Earn Rates by Category

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The Bottom Line

CIBC Dividend Visa Infinite wins by $613/yr — strongest in groceries

CIBC Dividend Visa Infinite earns $320 more on groceries
CIBC Dividend Visa Infinite earns $90 more on gas

Groceries: +$320Gas: +$90Everything 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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