To the point
To help students build their credit score and earn cash back, BMO offers 2 student credit cards.
The 2 new BMO Student Credit Cards are:
The features of these two credit cards are identical to the regular versions. On the other hand, the approval system is based specifically on the limited income of students.
An AIR MILES credit card for students
BMO® AIR MILES®† Mastercard®* for students is a card:
- has no annual fee
- giving you up to 800 AIR MILES as a welcome bonus
- earn 1 mile for every $25 in purchases and 3 miles for every $25 in purchases at AIR MILES Partners
You can decide to get either DREAM miles (for travel, products…), or CASH miles (for in store discounts).
A cash back credit card for students
BMO® CashBack® Mastercard®* for students is a card:
- with no annual fees
- offering 5% cash back for the first 3 months (up to $100 in cash back)
- has a 3% discount rate on groceries
- has a 1% discount rate on recurring bill payments (such as cell phone, subscription or streaming service payments)
- earn 0.5% cash back on all purchases
You can redeem your cash back whenever you want (once you’ve reached $50 worth of cash back)!
Conclusion
BMO is one of the only banks to offer interesting credit cards for students.
It’s a great way to build your credit report while earning rewards, whether it’s AIR MILES reward miles or cash back rewards.
Come to discuss that topic in our Facebook Group!
