- 3%Cash back on groceries
- 1%Cash back on recurring payments
Get 5% cash back in your first 3 months, up to a total of CA$125 in cash back.
3% cash back on groceries, 1% on recurring payments.
The Student BMO CashBack Mastercard stands out as the top choice because it offers a solid cash back rate on groceries, which is particularly beneficial for students. With no annual fee and a generous welcome bonus, it provides excellent value for those looking to build their credit.
Pros:
- No annual fee
- Good cash back on groceries
Cons:
- Limited cash back categories
- Cap on grocery cash back
- No rewards breakdown available
Earn up to 10,000 Aeroplan points.
N/A
What sets the CIBC Aeroplan Visa Card for Students apart is its focus on travel rewards, allowing students to earn Aeroplan points with every purchase. This card is ideal for those who plan to travel and want to accumulate points towards flights and travel experiences.
Pros:
- No annual fee
- Earn Aeroplan points for travel
Cons:
- Higher interest rates
- Limited to travel rewards
- No rewards breakdown available
Earn 37,880 TD Rewards Points (valued at CA$125) when you spend CA$1,000 or more within the first 3 months.
N/A
The TD Rewards Visa for Students shines for its substantial welcome bonus, which provides a significant value for students who can meet the spending requirement. This card is particularly appealing for those looking to earn rewards on everyday purchases while building their credit.
Pros:
- No annual fee
- High welcome bonus
Cons:
- Spending requirement for bonus
- Limited redemption options
4.Scotiabank Scene+ Visa for Students
Scotiabank
- 2%Scene+ points on every $1 spent
- 1%Scene+ points on eligible travel purchases
Earn up to 5,000 bonus Scene+ points ($50 value) within your first 3 months.
Earn 2 Scene+ points on every $1 spent.
The Scotiabank Scene+ Visa Card for Students is a great option for those who frequently spend on entertainment and groceries. With its no annual fee and the ability to earn Scene+ points, it provides a fun way to earn rewards while managing expenses.
Pros:
- No annual fee
- Good rewards on entertainment
Cons:
- Limited to specific categories
- Lower base earn rate
- No rewards breakdown available
Earn up to 12,500 Aventura Points.
N/A
The CIBC Aventura Visa Card for Students is designed for those who want to earn travel rewards without the burden of an annual fee. With a generous welcome bonus of Aventura Points, it’s a solid choice for students planning to travel.
Pros:
- No annual fee
- Flexible travel rewards
Cons:
- Higher interest rates
- Limited to travel rewards
Did you know?
Student credit cards in Canada may require proof of enrollment. Compare purchase rates, fees, and whether you need a co-signer before you apply from this list.
Final Words
As you explore the best credit card options for students this September, remember that selecting the right card can significantly impact your financial future. Take time to compare features, rewards, and fees to make an informed decision that aligns with your spending habits and goals.
Frequently Asked Questions
The Student BMO CashBack Mastercard offers a welcome bonus of 5% cash back in your first 3 months, up to a total of CA$125 in cash back. Additionally, it provides 3% cash back on groceries and 1% on recurring payments.
With the CIBC Aeroplan Visa Card for Students, you can earn up to 10,000 Aeroplan points as a welcome bonus. This card has no annual fee, making it an attractive option for students looking to earn travel rewards.
The TD Rewards Visa for Students offers a welcome bonus of 37,880 TD Rewards Points (valued at CA$125) when you spend CA$1,000 or more within the first 3 months. This card also has no annual fee, making it a cost-effective choice for students.
Many student credit cards in Canada, including top options like the BMO, CIBC, and TD cards, come with no annual fees. This makes them a great choice for students who want to build credit without extra costs.
When selecting a student credit card, consider factors like the card's rewards structure, any welcome bonuses, and whether there's an annual fee. Additionally, evaluate your spending habits to choose a card that maximizes your rewards potential.
You can apply for a student credit card online through the bank's website or in person at a local branch. Make sure to have your student identification and any required financial information ready to streamline the application process.
Student credit cards often offer various rewards, such as cash back on everyday purchases, points for travel, or discounts on specific categories like groceries. Look for cards that match your spending habits to maximize rewards.
