Student Credit Cards

The following credit cards are either designed for students or don't require income, making them great first credit cards to establish credit history. You can apply for these credit cards online by following the Apply Now link. All of these cards are available in Canada.

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BMO SPC Mosaik MasterCard®

	Interest on:
Annual Fee $0	Purchases 19.50%1	Cash Advances 19.50%	Balance Transfers 19.50%

• Customize your credit card to suit your lifestyle as a student
• Enjoy exclusive discounts at thousands of SPC Card retailers nationwide for NO ADDED FEE
• One time SPC Card registration – no need to renew
• Earn added Rewards with AIR MILES® reward miles or CashBack®

Notes:

1. Low 11.9% interest rate available for an additional $35 per year.

More information about the BMO SPC Mosaik MasterCard®

CIBC Classic VISA® Card for Students

	Interest on:
Annual Fee $0	Purchases 18.50%1	Cash Advances 21.50%2	Balance Transfers n/a3

• Protect your purchases with automatic replacement, repair or reimbursement coverage for most personal items, if lost, stolen or damaged within 90 days of purchase with the card
• Extended protection. Doubles the original Canadian or U.S. manufacturer's warranty automatically, up to one additional year on most items purchased with the card
• CIBC CreditSmart®, a revolutionary array of smart credit management features

Notes:

1. Changing to 19.5% beginning November 2009.
2. Begins November 2009.
3. Interest rate not mentioned on website.

More information about the CIBC Classic VISA® Card for Students

Desjardins VISA® FOR STUDENTS ONLY Credit Card

	Interest on:
Annual Fee $0	Purchases 19.40%1	Cash Advances n/a2	Balance Transfers n/a3

• Cell Phone Insurance at no charge, in the event of loss or theft
• Ticket reservation service
• Accord D Desjardins financing, a second, separate credit limit
• Cash advances up to $2,500 per day, anywhere in the world

Notes:

1. Low annual interest rate option of 11.8% for $30 per year.
2. Interest rate not mentioned on website.
3. Interest rate not mentioned on website.

More information about the Desjardins VISA® FOR STUDENTS ONLY Credit Card

Laurentian Bank Student VISA® Black Card

	Interest on:
Annual Fee $0	Purchases 19.92%1	Cash Advances n/a2	Balance Transfers n/a3

• Reward Me Rewards Program: $1 purchase = 1 point
• Protect your possessions with purchase insurance and extended guarantees, and double the manufacturer's guarantee for up to one year
• Safely shop online thanks to Verified by VISA
• When you spend over $200 net on purchases during your billing cycle, Laurentian Bank will offer to reimburse your monthly fees

Notes:

1. Calculated from fee of $1.66 per month.
2. Interest rate not mentioned on website.
3. Interest rate not mentioned on website.

More information about the Laurentian Bank Student VISA® Black Card

National Bank of Canada MasterCard® MC1 Credit Card

	Interest on:
Annual Fee $0	Purchases 19.50%	Cash Advances n/a1	Balance Transfers n/a2

• Designed for young adults, this card lets you build a credit history
• MasterCard Zero Liability
• Purchase insurance - For a period of 90 days following the purchase date
• Extended warranty on purchases - Doubles the manufacturer's guarantee up to one additional year

Notes:

1. Interest rate not mentioned on website.
2. Interest rate not mentioned on website.

More information about the National Bank of Canada MasterCard® MC1 Credit Card

RBC® VISA® Classic II Student

	Interest on:
Annual Fee $15	Purchases 19.50%	Cash Advances 19.50%	Balance Transfers n/a1

• Earn one RBC Rewards point for every dollar in purchases you make with your card. Keep collecting points and redeem for travel rewards, merchandise items, gift certificates, and RBC Registered Rewards
• Earn additional RBC Rewards points with the Rewards Network Restaurant Program
• RBC Rewards start as low as 2,500 points
• Exchange RBC Rewards points for Esso Extra points

Notes:

1. Interest rate not mentioned on website.

More information about the RBC® VISA® Classic II Student

RBC® VISA® Classic Student

	Interest on:
Annual Fee $0	Purchases 19.50%	Cash Advances 19.50%	Balance Transfers n/a1

• Helps university and college students build a credit history while enjoying the worldwide acceptance and convenience of an RBC Royal Bank Visa card

Notes:

1. Interest rate not mentioned on website.

More information about the RBC® VISA® Classic Student

Scotiabank L'earn VISA® Card for Students

	Interest on:
Annual Fee $0	Purchases 18.59%	Cash Advances 18.59%	Balance Transfers n/a1

• Get up to a 1% Moneyback reward on purchases
• Credit limit of $500 to $2,000

Notes:

1. Interest rate not mentioned on website.

More information about the Scotiabank L'earn VISA® Card for Students

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