In Canada, Money

Canadian Promotion: CIBC Dividend Infinite Visa – 10% Cashback up to $2K

I just signed up for this card because it is giving the first year’s annual fee of $99 for free ($0), and 10% back on purchases up to a spend of $2000.

Basically, a $200 total Cashback which is insanely high.

You need $60K in income or a household income of $100K to qualify.

Other features

  • 4% cash back on gas and grocery purchases
  • Get 1% cash back on everything else
  • No limit on the total cash back you can earn
  • Travel medical coverage – Get 15 days of out-of-province coverage

Note: I just want the 10% Cashback

I plan on cancelling it once I get my $200 from the 10% Cashback, and not keeping it especially with an annual fee.

I may keep it for the year until the annual fee is about to be charged and use it for groceries as 4% back is higher than the 3% back on the other TD card I applied for a while back.

1% Cashback in general is is not interesting to me when other cards like the Rogers card is giving 1.75% with a forex purchases at 4%.

I spend way more on other things versus gas or groceries.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]


MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets


HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice


…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

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All opinions expressed on this blog are personal and for entertainment value. Take them with a grain of salt and always consult a professional when in doubt.