Student Credit Card Comparison

Image by StockMonkeys.com on Flickr

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

BMO SPC AIR MILES MasterCard

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

BMO SPC CashBack MasterCard

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

L’earn VISA Card

0%

19.99%

  • Earn up to 1% Moneyback on the purchases you’ve made with your card
  • 20% discount rates at Avis Car Rental

mbna rewards Studentawards credit card

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

RBC CashBack MasterCard

0%

19.99%

  • Earn 2% cash back credits on grocery store purchases
  • Earn up to 1% cash back credits on all other purchases

SCENE VISA Card

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!

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