aka: CIBC Dividend Infinite Visa vs Capital One Cash Back Plus Platinum

It looks like CIBC card is the successor card to the CIBC Dividend Platinum Visa card that I've written about before.

The tiers are the same, and there's still an annual fee, but as a nice plus, the card now includes:

Background on Prepaid Visa/Mastercards in Canada

I've already written a very popular article on prepaid cards in Canada, and I do recommend reading it, as it is full of useful of information on this topic. When purchasing a card like this, it is very important to shop around and look at all of the available options. 

Well, it's January 27th, and I just received my CitiMastercard Enrich Rebate cheque. Their credit card is pretty much the only one in Canada that gives you 1% cash back from the first dollar with no annual fees and no minimums (though there is a max rebate of $250/year I think).

The cheques are mailed out of Toronto/Mississauga, so it's likely an overnight thing for me, but those out East or West might need to wait a few days before getting them.

TD Rebate Rewards Visa Card

The Toronto Dominion Rebate Rewards Visa is a fairly run-of-the-mill no fee credit card. It has one main benefit over TD's basic "Green" Visa card, and that is its 0.5% cash back on your first $3000 in purchases, and then 1% cash back, up to some maximum.

CIBC offers two Dividend Visas:

These are their two Visa credit cards that offer cash back rewards. Not points, but cash. I'll address their Aerogold and Aventura Visa cards in a later article. But for now...

Do you make a lot of purchases where you can't use a credit card, or perhaps you don't qualify for a decent rewards credit card, like the Citi Enrich 1% Cash Back card?

Well, there are actually reward DEBIT cards (yes, those Interac cards) available for Canadians.

Amex USED to have a 2% Cash Back Credit card. Even then, the 2% didn't kick in right away, so you'd have to spend many thousands per year to get > 1% overall. And of course, spending lots of money on an Amex card can be a bit difficult in Canada, since many merchants only accept Visa or Mastercard.

The American Express Gold 2% Cash Back card is No longer available, as of ~1 month ago in Canada. Those that still have cards should be fine until they expire, but if you're looking to apply for such a card, you are out of luck.

2009 Update that's still true in 2012: MBNA Smart Cash Blows Citi Enrich Out of the Water

Citi's Canadian Credit Card Division got bought out by CIBC.