BMO CashBack World Elite Mastercard vs CIBC Dividend Visa Infinite
Two cards, one Standard Score rubric. The BMO CashBack World Elite Mastercard scores higher overall at 7.4/10, but the right pick depends on which components match your spending.
The verdict
StrongThe top grocery cash-back matchup. BMO's CashBack World Elite leads on groceries at 5%, but that rate stops after $500 of grocery spend per statement period (about $6,000 a year), and its 4% band is transit, not bills; recurring payments earn 2%. The CIBC Dividend counters with 4% on both groceries and gas, the wider net for anyone whose fuel bill rivals their grocery bill, at a $120 fee against BMO's $139. Both rebate that fee in the first year under current offers. Grocery-dominant households take the BMO for the higher headline rate; drivers who want gas covered too take the Dividend.
See offer · current BMO CashBack World Elite Mastercard offer, direct from the issuer
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
| BMO CashBack World Elite Mastercard | CIBC Dividend Visa Infinite | |
|---|---|---|
| Standard Score | 7.4/10 · Strong | 7.3/10 · Strong |
| Annual fee | $139 (Rebated in the first year under the current offer, and rebated annually if you hold a BMO Premium Chequing Account) | $120 (Rebated first year (current offer). Additional cards are $50 each for up to three, also rebated in the first year. CIBC raised that fee from $30 on August 1, 2026.) |
| Welcome bonus | Up to $480 cash back ($40 a month for 12 months, each month you spend at least $2,000), plus the $139 first-year fee rebated and a $75 Roadside Assistance membership | Up to $350 in value: a 10% cash back bonus worth up to $200 over the first 4 statements (on net purchases up to $2,000), a $50 bonus for setting up a pre-authorized payment in the first 4 statements, and a $120 first-year annual fee rebate |
| Est. bonus value | ≈ $480 | ≈ $350 |
| First-year net value | ≈ $740 | ≈ $590 |
| Earn rates |
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| Points currency | Cash back | Cash back |
| No FX fees | No | No |
| Lounge access | No | No |
Where the BMO CashBack World Elite Mastercard wins
- First-year value: scores 7.0/10 on this component
- Ongoing value: scores 8.0/10 on this component
- Strategic fit: scores 7.5/10 on this component
Where the CIBC Dividend Visa Infinite wins
- Flexibility: scores 8.0/10 on this component
- Low friction: scores 9.0/10 on this component
Read the full reviews: BMO CashBack World Elite Mastercard and CIBC Dividend Visa Infinite, or see how both rank in Best Cash Back Credit Cards in Canada.