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* | |
 | - Maximum cash back on everyday spending
- 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
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| 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
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| Interest Rate | Annual Fee | Minimum credit limit | Cash Advances | Credit Needed |
| 19.9% | 0 | $500 | Up to $1000 | Good |
| 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
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| Interest Rate | Annual Fee | Minimum credit limit | Cash Advances | Credit Needed |
| 19.9% | 0 | $500 | Up to $1000 | Good |
| 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.
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| 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 |
| 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
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| 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 |
| 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
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| 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 |
