Best Credit Cards In Canada For Students in 2023

When it comes to choosing a credit card as a student in Canada, there are several factors to consider, including low fees, rewards programs, interest rates, and additional benefits. In 2023, here are some of the best credit cards for students in Canada:

1. BMO CashBack Mastercard for Students:
– No annual fee.
– Earn 1% cash back on all purchases.
– Introductory offer: 5% cash back on all purchases in the first three months (up to $2,000).
– Easy approval process for students with limited credit history.

2. Scotiabank Scene Visa Card for Students:
– No annual fee.
– Earn Scene points on purchases, which can be redeemed for free movies, discounts on meals, and more.
– Get 2,500 bonus Scene points when you make your first purchase.
– Access to exclusive movie offers and discounts at Cineplex theaters.

3. Tangerine Money-Back Credit Card:
– No annual fee.
– Earn 2% cash back in up to three spending categories of your choice (e.g., groceries, restaurants, transportation).
– Earn 0.5% cash back on all other purchases.
– No limits on the amount of cash back you can earn.

4. CIBC Dividend Visa Card for Students:
– No annual fee.
– Earn cash back on purchases, including 2% cash back on eligible grocery and gas purchases.
– Introductory offer: Get 5% cash back on eligible purchases for the first four statements (up to $2,000).
– Automatic monthly cash back credit to your account.

5. American Express SimplyCash Card:
– No annual fee.
– Earn 1.25% cash back on all purchases.
– No limit on the amount of cash back you can earn.
– Front of the Line access to entertainment events and special offers.

6. RBC Cash Back Mastercard for Students:
– No annual fee.
– Earn up to 2% cash back on grocery store purchases.
– Earn up to 1% cash back on all other purchases.
– Additional student benefits, such as discounts on textbooks and more.

Remember, as a student, it’s important to use your credit card responsibly and pay off your balance in full each month to avoid interest charges. Additionally, compare the features and benefits of each credit card to find the one that aligns with your spending habits and offers the most value based on your needs.

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