The major banks in Canada offer both secured an unsecured Student Credit Cards. Student Credit Cards in Canada have two main features. They are generally no fee or low fee and offer cash back on purchases.
Here is some information about the various student credit cards offered in Canada.
RBC Student Credit Cards
Every month you’ll receive an itemized statement of your purchases, so it’s easier to keep track of your spending. Plus, with instant access to credit, it helps you build a credit history, too. Whether you are ordering books online or pizza by phone, an RBC Royal Bank credit card is always a great choice.
Scotiabank Student Credit Cards
Scotiabank offers Student Credit Cards called the L’earn™ VISA* card
L’earn™ VISA* card
Students can now get a VISA card that was designed with students in mind. The L’earn™ VISA* card offers an accelerated Moneyback reward program and a host of other great benefits. It’s the ideal choice for students who spend wisely and want to earn valuable cash rewards – that can really add up! And best of all – there’s no annual fee!
A new “secured” VISA card for students!
A secured VISA option is available for Canadian citizens, landed immigrants, and foreign students. Ask a Scotiabank branch for more details.
Details about the L’earn Visa
TD Canada Trust Student Visa Cards
TD Canada Trust offers a couple of Student visa cards. They are the TD Classic Travel Visa Card and the TD Green Visa Card.
Read about TD Student Visa Cards
BMO Student Mastercards
BMO offers 2 student credit cards. BMO SPC AIR MILES MasterCard and the BMO SPC CashBack MasterCard.
BMO SPC CashBack MasterCard
Get discounts at hundreds of SPC Card retail & restaurant locations across Canada and earn CashBack on every dollar you spend.
Double your student benefits and pay no annual fee
10 -15% discount at hundreds of SPC retail locations nationwide
Save the annual SPC Card fee every year
0.5% CashBack on every card purchase
1.5% CashBack at Shell 2, National Car Rental & Alamo Rent A Car
Every year you’ll receive a CashBack rebate on your account. Plus, benefit from exclusive savings and deals at a variety of SPC Card retailers nationwide.
No annual fee
19.5% interest rate
Low 12.9% interest rate available for an additional $35/year
CIBC Classic Card for Students
Enjoy benefits usually found with premium cards. This no-annual-fee credit card is ideally suited for student life. Apply online now to take advantage.
No annual fee! The CIBC Classic VISA Card for Students saves you money all the way. This feature-packed card is the perfect choice for students.
CIBC CreditSmart™ – a revolutionary array of credit management features – all at no additional cost to you. As a cardholder, you’ll enjoy smart, customized tools and innovative services that will help you better organize and manage your credit card spending. There’s even a suite of security and protection features that is simply unparalleled in Canada.
Find out more
Protect your purchases with automatic replacement, repair or reimbursement coverage for most personal items, if lost, stolen or damaged within 90 days of purchase with the Card.
Extended protection. Doubles the original Canadian or U.S. manufacturer’s warranty automatically, up to one additional year on most items purchased with the card.
More money saving features! Get automatic Common Carrier Accident Insurance worth $100,000 when you buy your tickets with the card.