Best Student Credit Cards in Canada

Best Student Credit Cards in Canada

By |2018-10-29T18:55:20+00:00October 29th, 2018|Categories: Credit Cards|Tags: , , |

At CompareMyRates, we understand that offers on credit cards can change each year. Accordingly, we’ve done the research for you and have a comprehensive list of options that come with travel points, intro packages, low interest rates, and other special offers intended for students.

As a student, you can make savings using a personal student bank account just as you can with the student credit card. While some banking institutions offer cards designed for students, others have cards with various perks and advantages that students will find helpful.

Exclusively for Students – MBNA Rewards MasterCard Credit Cards

A university-specific credit card, the MBNA Rewards MasterCard provides you an opportunity to earn MBNA rewards points. The MBNA organization supports your alumni association and any other student programs by diverting a percentage of funds to them. You can find the complete list of associated institutions here. Here are some additional perks:

  • Zero annual fee
  • Interest on purchases:  19.99%
  • Ability to earn 1,000 MBNA Rewards Points on the first purchase by way of the welcome bonus
  • Interest on balance transfers: 21.99%
  • Interest on cash advances: 24.99%

Other Student-Friendly Credit Cards

Tangerine Money-Back Credit Card

Interest Rate


Annual Fee

No Annual Fee

Balance Transfer: 1.95% of amount transferred**

Cash Advance: 19.95%

Welcome Bonus

1.95% Balance Transfer & Earn 2% Money-Back Rewards on purchases

Although not designed for students, the Tangerine Money-Back Credit Card has various perks that make it popular among students. Here are some of them:

  • Zero Annual fee
  • Interactive web and mobile apps
  • Ability to earn points for cash back
  • High-grade online banking services
  • Money-Back Rewards on specific purchases: 2%
  • Money-Back Rewards on other purchases: 0.50%
  • Option to have the money-back reward deposited into your credit card balance or Tangerine savings account.
  • Interest: 19.95%
  • Cash advances: 19.99%
  • And much more.

Scotiabank Scene Visa

Interest Rate


Annual Fee

No Annual Fee

Balance Transfer: 22.99%

Cash Advance: 22.99%

Welcome Bonus

Earn 2,000 bonus points with your first $500 in everyday purchases in first 3 months

The Scotiabank Scene Visa is another credit card that has a bunch of benefits that students find useful. Here are some of them:

  • Zero Annual fee
  • Ability to earn points redeemable for free movies on purchases using the card
  • Welcome bonus of 2,000 SCENE points that can be redeemed for 2 Free Movies
  • Offer of 5x points on every $1 purchase
  • Ability to redeem points for music downloads and WWE events
  • Ability to earn additional points when making purchases in the theater


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