The Best Student Credit Cards of 2024
These days, if you want to be able to buy a house later or get a good deal on your insurance rates, you need good credit.
One of the easiest ways to build good credit is with the help of a credit card. Credit cards allow you to use credit on a regular basis. Plus, issuers report to credit bureaus once a month. If you are responsible with your use of credit, making occasional purchases and paying them in full before you are charged interest, you can build a good credit history. And you can build it fast.
The best student credit cards in Canada help those who have little to no credit established themselves. You can start building a financial reputation with the right credit card. Below are the best credit cards for students.
DISCLAIMER: While we attempt to keep all credit card details current, the rates, fees, rewards and benefits may have changed since the last update. Please visit the credit card supplier through the “Apply Now” links to ensure you have the latest details for that card.
Comments
I Couldn’t agree more…My Scotiabank student credit card offers rich rewards and the advisor I met with took the time to help me understand my situation and provided fantastic advice! I would recommend Scotiabank to those starting out and looking for solid advice getting ahead!!
Do you need to be a current employed to get a Student Credit card with Scotiabank
You don’t need to be employed, but you must be 18 years old and as a university or college student.
Do you think RBC Cash Back MasterCard with No Annual Fee is a good one for students? Thank you.
No. You must provide proof of post secondary status.
“…19.99% on purchases and 21.99% on cash advances and balance transfers…”
What’s good about it?
Certainly not the interest rate.
Give us all a break Tom!
Those rates are common for most credit cards. I don’t take the rates into consideration as I’ve often said that credit cards should be used as a tool for tracking spending and earning rewards.
If you’re not paying your balance off in full each month, then these cards are not for you. While I do have a comparison of low interest credit cards, it might be best to avoid credit to keep spending in check.
As long as you are financially responsible credit cards can be beneficial…I think credit cards are good instead of caring cash. It is so easy to tap now. Also most cards you earn points for purchases. You can see what you bought in one statement. Then you have at least 30 days to pay it off.
Surprised not to see BMO’s SPC Cashback MasterCard on that list. 1% cash back (no caps) for no annual fee and SPC discounts beats both the MBNA Rewards Student Awards Card and the Scotiabank L’earn VISA Card.
What about an 18 year old who is NOT a student? Went right into the trades and is employed full time. While he will need to go to school at some point during his apprenticeship, he’s not a full time student. What cards are recommended for “youth” that aren’t post secondary students?
Hi Erica, if you go to movies and restaurants, the SCENE Visa can be a great starter card for anyone.
Service Charges/Fees are now the issue!
Credit Limits, what happened to them and enforcing them??
Companies now allow you to go over, your limit, but charge you $35 or more for doing so. Bring back a hard credit limit, not one of these soft limits that ONLY allow these companies to charge you a fee.
The RBC cash back student credit card has worked well for me. They’ve made it super easy and update me when its time to pay.