Student Credit Cards

Being a student can be challenging enough without the added stress and pressure of applying for a student credit card. To help, most chartered banks offer special credit card for students with competitive rates. If used responsibly, a student credit card will definitely help establish a good credit rating.

As added incentive, many of these cards offer special reward programs, such as earning money towards a new car. The detailed list of cards below will help you make an informed decision.

Scotia Momentum® VISA Infinite*

Scotia Momentum® VISA Infinite*
  • Maximum cash back on everyday spending
  • $99 annual fee waived for the first year for accounts opened by October 31, 2014
  • 4% on eligible gas station and grocery store purchases
  • 2% on drug store purchases and recurring bills
  • 1% cash back on all other eligible purchases
  • VISA Infinite Complimentary Concierge Service – available 24/7
  • Access to VISA Infinite Luxury Hotel Collection
  • VISA Infinite Dining Series – Unique dining experiences in some of Canada’s top restaurants
  • Special access to unique offers and experiences
  • Rental car collision insurance
  • Purchase security and extended warranty protection
more
BMO SPC AIR MILES MasterCard®*
BMO SPC AIR MILES MasterCard®*
  • Earn fast: 1 AIR MILES reward mile for every $20 you spend on the card
  • NO ANNUAL FEE
  • SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of your favourite stores
  • Earn 1.25x reward miles at Shell®‡‡ locations in Canada
  • Earn 1.5x reward miles and get up to 25% off rentals at National Car Rental®†† & Alamo Rent A Car®** locations worldwide
Interest RateAnnual FeeMinimum credit limitCash AdvancesCredit Needed
19.9%0$500Up to $1000Good

BMO SPC CashBack MasterCard®*
BMO SPC CashBack MasterCard®*
  • CashBack: An annual rebate to your credit card: $1 cash back for every $200 spent on your card
  • NO ANNUAL FEE
  • SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of your favourite stores
  • Earn 1.5% CashBack at Shell locations in Canada
  • Earn 1.5% CashBack and get up to 25% off rentals at National Car Rental®†† & Alamo Rent A Car®** locations worldwide
Interest RateAnnual FeeMinimum credit limitCash AdvancesCredit Needed
19.9%0$500Up to $1000Good

Laurentian Bank Student Black VISA Card
Laurentian Bank Student Black VISA Card
  • The card doubles the manufaturers` warranty up to one year when the card is used to purchase a product
  • Used correctly, the card can help you build excellent credit for the future when purchasing a house, car, insurance, etc., is in the picture
  • Once $200 is surpassed net monthly, Laurentian will offer to reimburse the monthly fee
  • $1 spent on the card = 1 rewards point which can be used towards gift certificates for Petro Canada, St.Hubert, SAQ, etc.
Interest RateAnnual FeeMinimum credit limitCash AdvancesCredit Needed
19.99% for Purchases 19.99% for Cash Advances/Balance Transfers$19.92 ($1.66/month)$500YesFair

RBC Classic II Student VISA Card
RBC Classic II Student VISA Card
  • Earn one RBC Rewards point for every $1 spent in purchases with the card
  • Free supplementary cards
  • AVIS Car Rental discounts
  • 24-hour worldwide fraud detection keeps your card safe
Interest RateAnnual FeeMinimum credit limitCash AdvancesCredit Needed
19.99% on Purchases 19.99% on Cash Advances/Balance Transfers$15 ($0 on additional cards)$500Up to $500No

RBC VISA Classic Student
RBC VISA Classic Student
  • Permanent low interest rate helps you save money when you carry a balance on your card
  • Helps university and college students build a credit history
  • Guaranteed hotel reservations
  • Cash access up to $500 daily no matter where you are in the world
Interest RateAnnual FeeMinimum credit limitCash AdvancesCredit Needed
19.99% on Purchases 19.99% on Cash Advances and Balance TransfersNone$500Up to $500No