The Points Standard

Head to head · Reviewed 2026-07-06 by The Points Standard editorial team

PC Financial World Elite Mastercard vs CIBC Dividend Visa Infinite

Two cards, one Standard Score rubric. The CIBC Dividend Visa Infinite scores higher overall at 7.5/10 — but the right pick depends on which components match your spending.

The verdict

Strong

Loblaw loyalty against open cash back. The PC Financial World Elite is free and earns ~2.5% in PC Optimum points at Loblaws, No Frills, Shoppers, and Esso — but collapses to 1% anywhere else; the CIBC Dividend charges $120 and pays 4% cash back on groceries at any store, plus gas. Shoppers loyal to Loblaw banners keep the free PC card, where points stack with in-store offers; households that split groceries across chains — or want gas covered — take the Dividend's higher, store-agnostic rate.

See offer · current CIBC Dividend Visa Infinite offer, direct from the issuer

Independent.Ranked by the Standard Score, never by compensation.·Last reviewed 2026-07-06·Full disclosure

PC Financial World Elite MastercardCIBC Dividend Visa Infinite
Standard Score5.8/10 · Situational7.5/10 · Strong
Annual feeNone$120
Welcome bonus20,000 PC Optimum points (worth $20) on $50 spend at participating Loblaw banners, Shoppers Drug Mart/Pharmaprix, or Esso/Mobil within 60 days — offer valid for applications through December 31, 2026. Corrected from a prior overstated 45,000-point/$450 figure.First-year annual fee rebate plus bonus cash back (offers vary)
Est. bonus value≈ $20≈ $320
First-year net value≈ $90≈ $560
Earn rates
  • ~2.5% — Loblaw banners (groceries, gas, pharmacy)
  • 1% — Everything else
  • 4% — Groceries and gas/EV charging
  • 2% — Dining, transit, recurring payments
  • 1% — Everything else
Points currencyPC OptimumCash back
No FX feesNoNo
Lounge accessNoNo

Where the PC Financial World Elite Mastercard wins

No component wins — its rival scores at least as well on every Standard Score component.

Where the CIBC Dividend Visa Infinite wins

  • First-year value — scores 7.0/10 on this component
  • Ongoing value — scores 7.5/10 on this component
  • Flexibility — scores 8.0/10 on this component
  • Perk usability — scores 7.0/10 on this component
  • Low friction — scores 9.0/10 on this component
  • Strategic fit — scores 7.0/10 on this component

Read the full reviews: PC Financial World Elite Mastercard and CIBC Dividend Visa Infinite, or see how both rank in Best Cash Back Credit Cards in Canada.