Build your credit history and rewards.
If you’re a student, the age of majority, and have been into your local bank recently, you have probably been offered
a student credit card. As a student, 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 available in Canada, you’ll get
more rewards as well as purchase and travel insurance at no additional cost – so why not shop around?
Getting your first credit card is a big deal. Not to mention stressful.
Think of it a powerful tool that needs to be handled responsibly. Welcome to adulting.
Straight talk here: credit cards are not a source of unlimited income.
It’s borrowed money - and must be paid in full. Every. Single. Month.
If you don’t? Those hefty interest rates take full effect. And you can be hooked paying off your credit card balance
plus interest for years.
Now that we got that out of the way…let’s talk pros.
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, it’s a good time to start working on your
And then there’s these added benefits…
Whatever your goal is, there is a student credit card out there for you.
Still have some credit card questions you would like to have answered before “taking the plunge”, be sure to check out our Credit Card FAQ.
As a Canadian student, chances are you’ve heard of SPC, you may even have the SPC card in your wallet right now, because,
let’s face it…
Getting a 10-20% discount at over 250 locations across Canada is pretty awesome.
So, why not combine that money saving discount with a credit card that gives you
1% cash back on ALL your purchases? Sounds like a no brainer right? Especially because this is a credit card with no
If you use your card for $500 worth of spending a month, you’ll have $60 at the end of the year! $1,000 spent = $120
Did you decide to go to a college or university on the other side of the country? Or do you see reading breaks as an
excuse to hit the slopes or a nice warm beach?
Either way, the RBC Visa Platinum Avion (despite being a student credit card) is a premium travel card with premium perks.
While it does come with a $120 annual fee, it gives cardholders a big sign up bonus, 10 types of travel and purchase
insurance, and flexible rewards that can be used on any airline, for any flight, at any time – great for your spring
Something to keep in mind: This card only makes sense if you’re going to use your card enough to make up for the
$120 annual fee. So, be sure to put your spending breakdown in our spending calculator to make sure it’s worth it. Here’s
what it looks like if you spend $500 per month:
Or if you just want a simple card to help you get your credit card, adulting feet wet, the BMO Air Miles Mastercard is a no fee, cash back card that could do the trick. This card will give you:
This basic card could be a great way to start building your credit and earn yourself a little extra AIR MILES along the way.
Here’s a quick recap of the Top 5 credit cards for Students in Canada, including the rough rate of return you can expect
on your spending (assuming you redeem any travel rewards for the best possible rate).