Introduction:

When it comes to managing finances as a student, having the right credit card can make all the difference. Canada has an array of credit cards well-suited for students looking to build their credit history while maximizing rewards and benefits. We’ve compiled a list of the 14 best student credit cards in Canada to help you pick the perfect one that fits your needs.

1. BMO CashBack Mastercard

– No annual fee

– 1% cashback on all purchases

– Purchase protection and extended warranty

2. CIBC Dividend Visa Card for Students

– No annual fee

– Up to 2% cashback on groceries and 1% on other purchases

3. Scotiabank Scene Visa Card

– No annual fee

– Earn Scene points for dining, movies, and more

– Automatic discounts on Cineplex theatres

4. TD Cash Back Visa Card – Student Version

– No annual fee

– 1% cashback on all purchases

– Discounts on car rentals

5. RBC Cash Back Mastercard for Students

– No annual fee

– 2% cashback on groceries, up to a limit, 1% on other purchases

6. Tangerine Money Back Credit Card – For Students

– No annual fee

– Choose up to three categories for 2% cashback: groceries, dining, gas, recreation & entertainment, public transportation & parking, home improvement & furniture.

7. PC Financial Mastercard

– No annual fee

– PC Optimum points with every purchase

– Redeem points at Loblaws, Shoppers Drug Mart, and more

8. Canadian Tire Triangle Mastercard – For Students

– No annual fee

– Earn Canadian Tire Money with every purchase

– Zero-liability protection

9. National Bank mycredit Mastercard for Students

– No annual fee

– 1% cashback on all purchases

– Various insurance coverage

10. Desjardins Student VISA Classic

– No annual fee

– Accumulate BONUSDOLLARS for everyday purchases

– Additional insurance and travel benefits

11. American Express SimplyCash Card – For Students

– No annual fee

– 2.5% cashback on eligible purchases for the first 3 months, 1.25% afterwards

– AMEX Front-of-the-Line event access

12. Rogers Platinum Mastercard – For Students

– No annual fee

– Unlimited 1% cashback on all eligible purchases; extra benefit on foreign currency transactions

13. Capital One Guaranteed Mastercard – For Students

– $59 annual fee (waived for qualified students)

– Guaranteed approval, excellent option to start building credit history

14. HSBC +Rewards Mastercard – For Students

– $25 annual fee (waived for the first year)

– Earn points with HSBC Rewards program

– Low-interest rate of 11.9% on balance transfers and purchases

Conclusion:

With these options at hand, Canadian students can find a credit card that fits their lifestyle and offers essential features like cash-back rewards, flexible redemption opportunities, and a simple way of building their credit history while they study. Make sure to compare various cards’ benefits and features, ensuring that your choice aligns with your needs and financial goals.