Best student credit card for 2020 award seal

If you’re a student, the age of majority, and have been into your local bank recently, you've probably been offered a student credit card.

As a young adult, now is the perfect time to start building your credit and practicing responsible spending – but why just settle for any card? With one of the top student credit cards in Canada, you’ll get more rewards, perks, and insurance at no additional cost – so why not shop around?

Best student credits cards for 2020

Here are some of the best student credit cards:

CategoryCredit CardCurrent Welcome Bonus Offer
Best student credit cardBMO CashBack® Mastercard®* for students5% cash back for the first 3 months (terms)
Best student credit card for AIR MILES collectorsBMO AIR MILES®† Mastercard®* for studentsUp to 800 AIR MILES (terms)
Best student credit card for movie loversScotiabank SCENE Visa Card for Students 1,250 points

Review all 10 top student credit cards here.

Credit cards 101

Getting your first credit card is a big deal. Think of it as a powerful tool that needs to be handled responsibly. Welcome to adulting.

One of the best times to get a credit card is when you’re a student. Because students are pretty much guaranteed to be approved for a student credit card, it’s a good time to start working on your credit history.

And there are some added benefits too…

  • Rewards: Earn cash back, travel, or even movie tickets
  • Discounts: Get discounts and save money. For example, Scotiabank Student cards give you discounts on rental cars, making it easier to travel on spring break.
  • Insurance: Free coverage for shopping and travel. Check out our full list of included insurance coverage on each credit card (check the Insurance Coverage tab after clicking Learn More on a card below).

Whatever your goal is, there's a student credit card out there for you.

Still have some credit card questions you'd like to have answered before "taking the plunge?" Be sure to check out our Credit Card FAQ.

Best student credit card

Our top-rated student card is the .

Why? It offers great cash back rewards, no annual fee, and some purchase insurance as well.

To start, you'll earn 5% cash back for the first 3 months, up until you've earned $100 cash back.

After that, you'll earn 1% on everything else you buy. Plus you can choose when you want your cash back paid out, as long as you've accumulated $50 worth of rewards.

Best student credit card for AIR MILES

Want to collect miles in Canada's largest loyalty program – AIR MILES?

The earns you AIR MILES on all your purchases.

You'll earn up to 800 miles for signing up – 400 when you make your first purchase, and another 400 when you spend $1,000 in the first 3 months.

And here's what you'll earn on all your purchases:

  • 1 mile per $20 spent on all purchases, and
  • 2x the miles at select partners.

It's a great card to collect AIR MILES every where you shop.

Best student credit card for movie lovers

The is another great student card to consider if you love being in front of the big screen.

With the price of movie theatre popcorn these days, getting a credit card that can help you cut costs on your movie night is never a bad idea.

This card will earn you:

  • a welcome bonus of 1,250 SCENE points (enough for 1 movie ticket),
  • 1 SCENE point for every $1 you spend, as well as
  • 5 SCENE points for every $1 you spend at Cineplex theatres and

With 1,250 points being worth 1 movie ticket and 1,000 points getting $10 off at participating restaurants, your next study break is sure to be a good one.

Prepaid Cards

While they won't help build your credit score, prepaid cards are a good way to learn responsible credit card use.

Since you have to load the card with your own money first, you don't have to worry about spending more money than you can afford, keeping you from going down the path of credit card debt.

So if prepaid cards interest you, here are 2 great options currently available:

Stack Card

The is a prepaid Mastercard. It has no fees of any kind, including no foreign transaction fees.

And even though it's a prepaid card, you can still earn rewards at select partner stores.


A prepaid Visa, the offers rewards and no annual fee.

You'll earn 0.5% cash back on every purchase. Use our promo code CCGBONUS and you'll earn an extra 1% cash back for the first 90 days.

It also has a lower foreign transaction fee of 1.5%, which is better than most credit cards.

And to top it off, you get a choice of 4 designs to choose from.

If you want more rewards, you can upgrade to the .

For an annual fee of $84 (or $9 per month), you'll also get 2% back on a variety of categories, including:

  • groceries,
  • gas,
  • restaurants, and
  • transit.

Plus get 0.5% back on everything else.

KOHO premium also comes with price protection. If you find a cheaper price for an item you bought in the last 30 days, KOHO will refund the difference to your account.

To top it off, it also charges no foreign exchange fees, saving money while you travel.

And if you decide it's not worth it, you can switch back to a regular card anytime you like.

Compare Student Credit Cards

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