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

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

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

The CIBC Dividend Visa earns 0.5% on groceries, while the Wealthsimple Visa Infinite Privilege 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 has a 2.5% foreign transaction fee, while the Wealthsimple Visa Infinite Privilege Credit Card has no foreign transaction fee. The card with no FX fee is better for international purchases.

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

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

Wealthsimple Visa Infinite Privilege Credit Card wins by $481/yr — strongest in groceries

Wealthsimple Visa Infinite Privilege Credit Card earns $192 more on groceries
Wealthsimple Visa Infinite Privilege Credit Card earns $63 more on shopping
Saves $30/yr in foreign transaction fees
$240 higher annual fee, offset by rewards

Groceries: +$192Shopping: +$63Bills & Utilities: +$48

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

Showing Year 1 analysis

Dollar Value

$213

/first year

0.5% effective$18/mo

vs 1% no-fee card: −$206

Annual rewards earned+$238

Welcome bonus+$5

FX costs−$30

Annual fee−$0

Winner

$694

/first year

1.7% effective$58/mo

vs 1% no-fee card: +$275

Annual rewards earned+$694

First-year fee waiver+$240

FX costsNo FX fee

Annual fee−$240

Best for your spendingWealthsimple Visa Infinite Privilege Credit Card—$694Year 1 value

+$481 more than CIBC Dividend Visa

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The Bottom Line

Wealthsimple Visa Infinite Privilege Credit Card wins by $481/yr — strongest in groceries

Wealthsimple Visa Infinite Privilege Credit Card earns $192 more on groceries
Wealthsimple Visa Infinite Privilege Credit Card earns $63 more on shopping
Saves $30/yr in foreign transaction fees
$240 higher annual fee, offset by rewards

Groceries: +$192Shopping: +$63Bills & Utilities: +$48

Showing Year 1 analysis

Wealthsimple Visa Infinite Privilege 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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