Best Student Credit Cards Canada for Students to Get Started

As a student in Canada, getting your first credit card can be a daunting experience. You want to make sure you're getting a card that will help you build credit, not hurt you.

The best student credit cards in Canada offer rewards and benefits that are tailored to students, such as cashback on everyday purchases or travel rewards.

Many of these cards also have low or no annual fees, which is perfect for students on a budget. For example, the Scotiabank Value Visa Card has no annual fee.

Some student credit cards also offer flexible payment options, such as the possibility to pay off your balance in full each month without interest charges.

If you're looking for alternative options to the recommended credit cards, there are a few other options to consider.

The BMO No Fee AIR MILES Mastercard is a good option for those who want a Mastercard, as it offers a similar rewards program to the SimplyCash card.

For American Express, the American Express Green Card is a good option, offering lower cash back earn rates but getting you started on travel reward programs with potential returns over 2%.

The Scotiabank American Express Card is another option, offering 3 Scene+ points at Empire Grocery stores and 2 Scene+ points on eligible grocery, dining, entertainment, gas, daily transit, and select streaming services purchases.

If you're looking for a Visa option, the RBC ION Visa is a good choice, offering a good option for students.

The Tangerine Money-Back Mastercard is a good option for students who want a cash-back card, offering 2% cash back on two spending categories of your choice and 0.5% on all other expenses.

The BMO Student CashBack Mastercard is another option, offering 3% cash back on grocery purchases, 1% on recurring bills, and 0.5% on all other expenses.

The CIBC Aeroplan Visa Card for Students is a good option for students who want a rewards card, offering 10,000 points as a welcome bonus and earning points on gas, groceries, and purchases with Air Canada.

The Scotiabank Scene+ Card for Students is another option, offering two points per dollar spent at Empire Co. Ltd. grocery stores, Home Hardware, and Cineplex theatres, and one point per dollar spent on all other eligible expenses.

Here are some other options to consider:

When choosing a student credit card in Canada, it's essential to consider the factors that will help you make the most of your credit.

To avoid high charges, choose a card with a low interest rate. This will give you peace of mind and protect your finances.

Here are some key considerations to keep in mind:

To use your credit card responsibly, set a budget and only charge what you can afford to pay off at the end of the month. This will help you avoid overspending and keep your finances on track.

When choosing a student credit card, consider the annual fee. Look for a card with no annual fee to save money.

A low interest rate is essential to avoid high charges if you carry a balance. Choose a card with a low interest rate.

Student credit cards often have easier approval criteria, even if you're new to credit. This makes it easier to get approved.

To use your credit card responsibly, set a budget and only charge what you can afford to pay off at the end of the month.

Avoid late payments, as they can hurt your credit score. Set reminders or enable auto-pay to ensure timely payments.

Consider the cashback rebates offered by your credit card. Cards offering cashback on purchases can be a great way to earn rewards.

Don't overspend for rewards – cashback is a bonus, not an excuse to overspend. Stick to your financial goals.

Here are some key factors to consider when choosing a student credit card:

You can get a student credit card in high school if you're at least 18 years old. This is a great opportunity to start building your credit history early on.

Student credit cards can help improve your credit score and make it easier to qualify for other types of credit, like loans and mortgages, in the future. Just be sure to use it responsibly and make your payments on time.

Yes, there are credit cards for students with no credit that are designed for those who have a limited or no credit history. These cards are typically easier to get approved for than regular credit cards.

Secured credit cards, which require a cash deposit, and starter credit cards, which are geared toward folks who are building or rebuilding their credit, are also options for students with no credit.

You can get a student credit card with no credit and still earn rewards, depending on the card you choose. For example, the Capital One Savor Student Cash Rewards Credit Card is great for groceries, dining, and entertainment expenses.

Your student credit card may get converted by your bank into an equivalent, regular credit card after you graduate. This can be a good thing, as you'll still earn the same rewards.