Image by StockMonkeys.com on Flickr
From textbooks to late night pizza runs, you’re going to make a lot of purchases in university. Since you won’t always have cash on hand, credit cards become very useful. Student credit cards are a great first credit card for students because they are specially designed for students and usually don’t require an income. By getting a credit card early and paying off all of your monthly balances on time, you can establish a good credit score which will help you later in life when you buy a car or a home. Here are just a few credit cards out there, and the benefits they offer:
Annual Fee
Purchase Interest Rate
Extra Perks
0%
19.90%
1 AIR MILES reward mile for every $20 you spend on the card
SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of your favourite stores
Earn 1.25x CashBack at Shell locations in Canada
Earn 1.5x CashBack and get up to 25% off rentals at National Car Rental & Alamo Rent A Car locations worldwide
Limited time offer: 500 Bonus reward miles
0%
19.90%
Earn 0.5% CashBack on all purchases
SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of your favourite stores
Earn 1.5% CashBack at Shell locations in Canada
Earn 1.5% CashBack and get up to 25% off rentals at National Car Rental & Alamo Rent A Car locations worldwide
0%
19.99%
Earn up to 1% Moneyback on the purchases you’ve made with your card
20% discount rates at Avis Car Rental
0%
18.99%
Earn 1 mbna rewards point for every qualifying $1 spent on retail transactions
1,000 bonus points after your first qualifying purchase
1,000 bonus points each year on your account anniversary date
Redeem points for cash back, travel, brand-name merchandise, gift cards from top retailers and charitable donations
Show school pride with a specially designed card for your university/college
0%
19.99%
Earn 2% cash back credits on grocery store purchases
Earn up to 1% cash back credits on all other purchases
0%
19.99%
Earn 5 SCENE points for every $1 spent at participating Cineplex theaters, or online at cineplex.com
Earn 1 SCENE point for every $1 spent on all other purchases
Limited time offer: 4000 bonus SCENE points with first purchase (enough for 4 free movies)
Once you’ve chosen your card, be sure to use it responsibly. Check out our article on avoiding credit card mistakes to learn how!
About Jan N.
Jan N. is a student at the Schulich School of Business in York University, working towards an International Bachelor of Business Administration degree. He enjoys films, travelling and learning about different cultures.
