TWO STACKING CAPS THAT RUN IN PARALLEL, and whichever is reached FIRST ends all 4% and 2% earning for the rest of the year: $50,000 of net annual purchases at ANY merchant, or $20,000 of net annual purchases in the bonus categories. Bonus-category dollars count against both counters at once, so heavy non-category spending can exhaust the bonus rates even when category spend is well under $20,000. The more restrictive $20,000 is recorded so the site never overstates the card. Both counters reset after the December statement date, not the card anniversary. The 1% base rate is uncapped. Travel earns 2% only through CIBC by Expedia and is carved out of the caps; all other travel earns 1%. Drugstore and entertainment are not bonus categories.

HEADLINE ARITHMETIC DOES NOT ADD UP. CIBC advertises "up to $350 in value" but its own itemised components on the same page are $200 welcome bonus + $50 pre-authorized payment bonus + $120 first-year fee rebate = $370. A third CIBC surface advertises "over $400". The itemised components are recorded. The $50 tier requires setting up one pre-authorized payment, not a spend threshold. No offer end date is published.

Travel medical is unusually thin for a Visa Infinite: 10 days, and you must be 64 or under on the departure date. There is no reduced tier for 65 and over, they are simply not covered. No trip cancellation, trip interruption, flight delay or baggage delay coverage at all. Quebec residents pay 21.99% on cash advances and balance transfers and have no over-limit fee. An older CIBC rates PDF still live on the site shows 20.99% and a $30 authorized-user fee. It is superseded by the 1 Aug 2026 document.