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.

BMO SPC AIR MILES MasterCard®*
	NO ANNUAL FEE 1 AIR MILES®† reward mile for every $20 in card purchases - redeem reward miles to movie tickets, travel and great gadgets! FREE protection from both theft and fraudulent use of your card Student discounts of 10% to 15% at hundreds of your favourite stores

Interest Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.5% Or 12.9% for additional $45/year	None	$500	Up to $1000	Good Credit

BMO SPC CashBack MasterCard®*
	NO ANNUAL FEE 0.5% CashBack on all card purchases. That’s $1 back for every $200 you charge throughout the year FREE protection from both theft and fraudulent use of your card Student discounts of 10% to 15% at hundreds of your favourite stores

Interest Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.5% Or 12.9% for additional $45/year	None	$500	Up to $1000	Good Credit

Featured Credit Card - Guaranteed MasterCard®
	May help you strengthen your credit history 24/7 customer service online or by phone $0 fraud liability for unauthorized use Security funds not required, unless we contact you

Interest Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.8% on Purchases 19.8% on Cash Advances/Balance Transfers	$59	$0	Yes	Want to Establish or Strengthen Credit Credit

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 Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.99% for Purchases 19.99% for Cash Advances/Balance Transfers	$19.92 ($1.66/month)	$500	Yes	Fair Credit

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 Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.99% on Purchases 19.99% on Cash Advances/Balance Transfers	$15 ($0 on additional cards)	$500	Up to $500	No Credit

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 Rate	Annual Fee	Minimum credit limit	Cash Advances	Credit Needed
19.99% on Purchases 19.99% on Cash Advances and Balance Transfers	None	$500	Up to $500	No Credit