Best Credit cards For Students

The Best Student Credit Cards in Canada

The Best Student Credit cards

These credit cards are for students. They do not require any annual income and offer attractive rewards. And you can build up your credit report!

Here is a table summarizing the different offers. For more details, read on or click on the name of a card.

SimplyCash™ from American Express

Would you like a cashback credit card with no-annual-fee and a high earning rate on all your purchases? Here’s an option for you: the SimplyCash™ from American Express.

With this Card, you earn a 1.25% cashback on all purchases.

For the first 6 months, you can earn 4% cash back with the SimplyCash™ from American Express (up to $200 cash back).

And you’ll get insurance with it: $100,000 travel accident insurance, Purchase Protection® Plan, Buyer’s Assurance® Protection Plan.

NBC mycredit Mastercard

For a limited time, as a new NBC mycredit Mastercard credit cardholder, you get:

  • 8% cashback on restaurant and food delivery purchases
  • 8% cashback on recurring pre-authorized payments

All this up to $1,500 charged to the card during the first three months (a $120 value).

With the NBC mycredit Mastercard, you earn:

  • 1% cash back on restaurant purchases and recurring pre-authorized payments
  • 0.5% cash back on all other purchases, including at Costco

Cash back is automatically applied to your credit card statement every billing cycle.

We recommend this credit card for those who are new to credit cards and want a credit card with no annual fee. Especially since this credit card comes with some insurance for your purchases, including mobile device insurance (which is rare for a no annual fee credit card ).

BMO® CashBack® Mastercard®* for students

The BMO® CashBack® Mastercard®* for students is perfect for students. You can get 5% cash back in the first three months.

Also, this card comes with 90 days of protection for your purchases and an extended warranty of one year!

Choice Card from American Express™

Would you like a travel rewards credit card with no annual fee? Here is an option for you: the Choice Card from American Express™.

By applying for the Choice Card from American Express™, you could earn a welcome bonus of 12,500 Membership Rewards points after $1,250 in Card purchases in the first three months. That’s a $125 value for travel or 15,000 Marriott Bonvoy points.

With this no-fee Credit Card, you will also have access to online promotional offers to get points or rebates on your purchases.

BMO® AIR MILES® MasterCard® For Students

CIBC Dividend® Visa* Card for Students

The CIBC Dividend® Visa* Card for Students is one of the best Student Visa credit cards with cash back in Canada.

With this Card, you earn:

  • 2% cash back on eligible grocery purchases
  • 1% cash back on eligible gas, transportation, dining purchases and recurring payments
  • 0.5% cash back on all other purchases†

Also, with this credit card, you get a free SPC membership, to save instantly when you shop over 450 deals in-store and online.

Currently, you get $30 cash back after you make your first purchase!

And this card has valuable insurance:

  • $100,000 Common Carrier Accident Insurance
  • Purchase Security and Extended Protection Insurance

CIBC Aventura® Visa* Card for Students

The CIBC Aventura® Visa* Card for Students is one of the best Student Visa credit cards with travel rewards in Canada.

You can earn up to 2,500 Aventura Points.

With this Card, you earn:

  • 1 point for every $1 spent on travel purchased through the CIBC Rewards Centre†
  • 1 point for every $1 spent at eligible gas stations, grocery stores and drug stores†
  • 1 point for every $2 spent on all other purchases†

Also, with this credit card, you get a free SPC membership, to save instantly when you shop over 450 deals in-store and online.

And this card has valuable insurance:

  • Auto Rental Collision and Loss Damage Insurance
  • $100,000 Common Carrier Accident Insurance
  • Purchase Security and Extended Protection Insurance

NBC mycredit Mastercard

For a limited time, as a new NBC mycredit Mastercard credit cardholder, you get:

  • 8% cashback on restaurant and food delivery purchases
  • 8% cashback on recurring pre-authorized payments

All this up to $1,500 charged to the card during the first three months (a $120 value).

With the NBC mycredit Mastercard, you earn:

  • 1% cash back on restaurant purchases and recurring pre-authorized payments
  • 0.5% cash back on all other purchases, including at Costco

Cash back is automatically applied to your credit card statement every billing cycle.

We recommend this credit card for those who are new to credit cards and want a credit card with no annual fee. Especially since this credit card comes with some insurance for your purchases, including mobile device insurance (which is rare for a no annual fee credit card ).

Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card has no annual fee and offers cashback.

Until August 16, 2021, you can earn an extra 10% cash back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

You can choose two to three categories of purchases (grocery, gas, furniture, home improvement, recurring bill payments, drug store, etc.) to earn 2% cashback! And with unlimited annual cashback!

Besides, the Tangerine Money-Back Credit Card comes with additional benefits:

  • 90 days purchase insurance
  • One year extended warranty

Finally, during your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months.

Other great offers

Frequent Asked Questions about credit cards

Here are frequently asked questions in the milesopedia community about credit cards in Canada.