American Express Cobalt vs CIBC Dividend Visa Infinite Card

By   |   Verified by David Boyd   |   Updated 17 Aug 2023

The main difference between the American Express Cobalt and the CIBC Dividend Visa Infinite Card lies in their rewards structure and perks. While both cards offer enticing rewards and benefits, they diverge in significant ways that cater to varying spending habits and lifestyle preferences.

When it comes to rewards, the American Express Cobalt shines with its flexible and diverse points system. It's like a buffet of rewards – you earn points on dining, travel, groceries, and more. These points can be redeemed for a wide range of options, from travel bookings to merchandise. On the other hand, the CIBC Dividend Visa Infinite Card focuses on cashback rewards, especially on everyday spending like gas and groceries, offering a more straightforward way to put money back in your pocket.

In terms of fees, the two cards exhibit some variation. The American Express Cobalt card may have a monthly fee, but it often comes with valuable statement credits and benefits that can offset the cost. Meanwhile, the CIBC Dividend Visa Infinite Card may have an annual fee, which may be worthwhile if you take full advantage of its cashback offerings.

Both cards flaunt their introductory offers and bonuses to attract new cardholders. The American Express Cobalt may entice you with a welcome bonus and bonus points for spending a certain amount within the initial period. The CIBC Dividend Visa Infinite Card, on the other hand, may dangle a cashback boost as part of its sign-up enticement.

What sets them apart are their standout features. The American Express Cobalt elevates your travel experience with perks like travel insurance and airport lounge access, perfect for the globetrotter. Meanwhile, the CIBC Dividend Visa Infinite Card carves its niche by focusing on cashback, with features tailored to fuel savings and grocery splurges.

In the world of credit cards, the American Express Cobalt and the CIBC Dividend Visa Infinite Card share similarities but diverge in ways that can cater to distinct financial tastes and objectives. So, whether you're a frequent traveler seeking a variety of rewards or a savvy shopper looking to maximize everyday cashback, these two cards have something to offer based on your individual preferences.

American Express Cobalt Card
 

On website

CIBC Dividend Visa Infinite Card
 
Description
Offers an attractive rewards program with a focus on earning points quickly on everyday spending categories like dining, streaming subscriptions, and transportation.You can earn 4% cashback on gas and groceries, then 2% on transportation, dining, and recurring payments when you apply for the CIBC Dividend Visa Infinite Card.
Basics
Additional Cardholders
93
Card Type
American ExpressVisa
Minimum Credit Limit
N/AN/A
Maximum Credit Limit
N/AN/A
Sign up bonus
Signup Bonus Points
15000 pointsN/A
Signup Bonus Points Required Spend
$750.00N/A
Signup Bonus Points Required Spend Terms
eligible purchases every month for 12 months, that's 1,250 Membership Rewards points for each monthly billing period.N/A
Rewards
Rewards Program
American Express RewardsCIBC Rewards
Domestic Rewards Points Earn Rate
1N/A
Cashback Percentage Grocery Spend
N/A4%
Cashback Percentage Any Domestic Spend
N/A1%
Benefits
Airport Lounge Access Included
YesNo
Concierge Service Included
YesYes
Cardholder's International Travel Insurance
YesNo
Complimentary Flight Voucher Included
NoNo
Introductory balance transfer
Balance Transfer Rate
N/AN/A
Balance Transfer Period
N/AN/A
Balance Transfer Fee Percentage
N/AN/A
Balance Transfer Limit Percentage
N/AN/A
Balance Transfer Revert Rate
N/AN/A
Ongoing rates
Cash Advance Rate
21.99% p.a.22.99% p.a.
Purchase Rate Ongoing
21.99% p.a.20.99% p.a.
Ongoing fees
Annual Fee Ongoing
$155.88$120.00
Foreign Exchange Fee
$2.50N/A
Foreign Exchange Fee Percentage
N/A2.5%
Late Payment Fee
$38.00N/A
Overseas ATM Withdrawal Fee
$5.00$5.00
Digital wallets
Apple Pay Enabled
YesYes
Google Pay Enabled
YesYes
Samsung Pay Enabled
YesYes
Eligibility
Available To Existing Customers
NoNo
Minimum Age
18 years18 years
Minimum Credit Rating
GoodGood
Minimum Income
N/A$60,000.00
Temporary Residents Accepted
NoNo