Best Student Credit Cards in Canada This November 2025
The credit card market has evolved significantly for Canadian students seeking financial flexibility. According to MadeInCa, 42% of Canadian students now actively use specialized credit cards designed for their unique financial needs. Navigating the credit card landscape can be challenging, but this guide will help students find the most rewarding options that balance low fees, attractive rewards, and student-friendly terms. Whether you're looking to build credit, earn cashback, or manage everyday expenses, these top student credit cards offer tailored solutions for young Canadians.
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Summary Table for Best Student Credit Cards in Canada This November 2025
| Card | Annual Fee | Welcome Bonus | Best For | Apply |
|---|---|---|---|---|
|
BMO CashBack Mastercard - Student Cash Back |
$0 | 5% cash back for first 3 months (up to $125) | Cash Back | Apply |
|
TD Cash Back Visa* Card for Students Cash Back |
$0 | Up to $100 in Cash Back Dollars | Cash Back | Apply |
|
RBC Royal Bank Student Credit Card Students |
$48 | 4,000 Welcome Points | Students | Apply |
|
Scotiabank SCENE Visa Card for Students Students |
$0 | 5,000 Scene+ Points | Students | Apply |
|
CIBC Dividend Visa Card for Students Cash Back |
$0 | 10% cash back for first 4 months (up to $100) | Cash Back | Apply |
1. BMO CashBack Mastercard - Student
The BMO CashBack Mastercard for students offers an exceptional opportunity for young adults to earn cash back while building credit, with a generous welcome bonus and no annual fee designed specifically for students' financial needs.
BMO CashBack Mastercard - Student
- No annual fee
- Cash back rewards on multiple spending categories
- Designed specifically for students
- Helps build credit history
Pros
- $0 annual fee
- Generous welcome bonus
- Multiple cash back categories
- Easy to qualify for students
Cons
- Limited high-earn categories
- Relatively standard cash back rates
- Higher interest rate if balance not paid in full
Why is it Our Top Pick?
The BMO CashBack Mastercard stands out as an ideal student credit card with its zero annual fee, attractive cash back rates, and generous welcome bonus. It provides an excellent opportunity for students to earn rewards while establishing their credit profile with minimal financial burden.
2. TD Cash Back Visa* Card for Students
The TD Cash Back Visa* Card for Students offers students a flexible financial tool with no annual fee, cash back opportunities, and a straightforward rewards structure designed to support young adults' financial journeys.
TD Cash Back Visa* Card for Students
- $0 annual fee
- Cash back on all purchases
- 0% promotional rate for first 6 months
- No additional cardholder fee
Pros
- No annual fee
- Welcome bonus offer
- Easy to qualify for students
- Promotional interest rate
Cons
- Limited high-earn categories
- Standard cash back rate
- Higher interest after promotional period
- Minimal additional benefits
3. RBC Royal Bank Student Credit Card
The RBC Royal Bank Student Credit Card offers a compelling solution for students looking to build credit and earn rewards, with a unique points system that provides bonus points on everyday spending categories like groceries, transit, and streaming services.
RBC Royal Bank Student Credit Card
- No annual fee for additional cards
- Designed specifically for students
- Helps build credit history
- Easy online application process
Pros
- Low annual fee
- Welcome bonus points
- Bonus points on everyday spending
- Helps establish credit for students
Cons
- Relatively high interest rate
- Limited rewards compared to non-student cards
- Requires meeting student status criteria
4. Scotiabank SCENE Visa Card for Students
The Scotiabank SCENE Visa Card for Students provides an excellent entry-level credit card with no annual fee, offering students an opportunity to earn rewards while building their credit history with minimal financial commitment.
- Minimum credit limit of $500
- No annual fee
- Designed for students with limited credit history
- Introductory balance transfer offer
Pros
- $0 annual fee
- Easy to qualify for
- Multiple ways to earn points
- No minimum income requirement
Cons
- Limited reward redemption options
- Higher interest rate after introductory period
- Fewer perks compared to premium cards
5. CIBC Dividend Visa Card for Students
The CIBC Dividend Visa Card for Students offers an attractive cash back opportunity for students looking to save money on everyday purchases. With no annual fee and a welcome bonus of up to $125 cash back, this card provides an excellent financial tool for students managing their expenses.
CIBC Dividend Visa Card for Students
- No annual fee for students
- Cash back on everyday purchases
- Welcome bonus of up to $125
- Designed specifically for student financial needs
Pros
- No annual fee
- Cash back on essential student purchases
- Easy-to-earn welcome bonus
- Tailored for student financial management
Cons
- High interest rate (21.99%)
- Limited bonus categories
- Cash advance rate slightly higher than purchase rate
- Requires disciplined spending
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Student Credit Cards in Canada This November 2025
What are the top 5 student credit cards in Canada with the best cashback rewards for 2025?
BMO CashBack Mastercard for Students offers up to 3% cashback on groceries, while TD Cash Back Visa* Card for Students provides competitive cashback rates specifically designed for student budgets.
How do I choose the right student credit card with no annual fees in Canada?
RBC Royal Bank Student Credit Card and CIBC Dividend Visa Card for Students both offer $0 annual fees, making them excellent options for students looking to minimize their credit costs.
Which student credit card in Canada offers the most attractive rewards program for November 2025?
Scotiabank SCENE Visa Card for Students provides unique entertainment rewards and points that can be redeemed for movies, making it an appealing choice for students seeking value beyond traditional cashback.
What are the typical credit score requirements for student credit cards in Canada?
Most student credit cards in Canada, like those from BMO and TD, are designed for limited credit history and typically require a minimum credit score of 600 or no credit history at all.
How can students maximize credit card rewards while building their credit in Canada?
By strategically using cards like the CIBC Dividend Visa Card for Students and paying full balances monthly, students can earn cashback rewards while simultaneously establishing a strong credit profile.