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Student Credit Cards in Canada for January 2026

Dec 19, 2025
Student credit cards with low or no annual fees, simple rewards and credit-building features — curated to help students get value now while building credit for the future.
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Written by Shannon Terrell
Lead Writer & Spokesperson
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Written by Georgia Rose
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Written by Shannon Terrell
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Finding a student credit card with the right combination of features for your lifestyle can be daunting, especially if it’s your first time choosing a card. But spending a few minutes with the information below — consider it a mini cram session — should have you ready to compare the best student credit cards and confident that you can make a decision about which one is right for your needs.

Summary: Top student credit cards in Canada

CardNerdWallet ratingAnnual feeInterest ratesRewards rateApply Now
Scotiabank American Express®  Card (for students)
Scotiabank American Express®  Card (for students)
4.2/5
$0
19.99%/22.99%
1x-3x Points
CIBC Dividend® Visa* Card for Students
CIBC Dividend® Visa* Card for Students
4.6/5
$0
21.99%/22.99%
0.5%-2%
BMO CashBack® Mastercard®* for Students
APPLY NOW
on BMO's website
BMO CashBack® Mastercard®* for Students
APPLY NOW
on BMO's website
4.0/5
$0
21.99%/23.99%
0.5%–3%
NerdWallet Home PagePartner Spotlight
RBC ION+ Visa Credit Card

This rewards credit card lets you earn even more Avion points on everyday purchases like groceries, gas, dining, streaming services and more - all the time. Special offer: Get 14,000 Avion points upon approval—that’s $100 of value in gift cards! Plus get a 6-month complimentary DashPass subscription – a value of almost $60. Click "Apply Now" for details.

APPLY NOW
on RBC's website
RBC ION+ Visa Credit Card

Best cards for students in Canada

Our pick for: Home cooks
BMO CashBack® Mastercard®* for Students
BMO CashBack® Mastercard®* for Students
4.0
NerdWallet rating
APPLY NOW
on BMO's website
Annual fee$0
Intro offer
Up to 5% cash back
Rewards rate
0.5%–3%
Interest rates
21.99% / 23.99%
Recommended credit score640-900

Our pick for: Expedia surfers
TD Rewards Visa* Card
TD Rewards Visa* Card
4.2
NerdWallet rating
APPLY NOW
on TD's website
Annual fee$0
Intro offer
15,152 Points
Rewards rate
1x-4x Points
Interest rates
21.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Avion point collectors
RBC ION Visa Credit Card
RBC ION Visa Credit Card
4.4
NerdWallet rating
APPLY NOW
on RBC's website
Annual fee$0
Intro offer
Up to $75 in groceries
Rewards rate
1x-1.5x Points
Interest rates
20.99% / 22.99%
Recommended credit score660-724

Our pick for: Low interest lovers
TD Low Rate Visa* Credit Card
TD Low Rate Visa* Credit Card
4.3
NerdWallet rating
APPLY NOW
on TD's website
Annual fee$25
Intro offerN/A
Rewards rateN/A
Interest rates
12.90%
Recommended credit scoreN/A

Our pick for: Beginners with bad credit
Secured Neo Mastercard
Secured Neo Mastercard
4.1
NerdWallet rating
APPLY NOW
on Neo's website
Annual fee$7.99 / Month
Intro offerN/A
Rewards rate
1%-5%
Interest rates
19.99%-29.99% / 22.99%-31.99%
Recommended credit score300-900

Our pick for: Simple cashback rewards
TD Cash Back Visa* Card
TD Cash Back Visa* Card
4.2
NerdWallet rating
APPLY NOW
on TD's website
Annual fee$0
Intro offer
Up to $50
Rewards rate
0.5%-1%
Interest rates
21.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Cash back on groceries
CIBC Dividend® Visa* Card for Students
CIBC Dividend® Visa* Card for Students
4.6
NerdWallet rating
Annual fee$0
Intro offer
Up to $125
Rewards rate
0.5%-2%
Interest rates
21.99% / 22.99%
Recommended credit score760-900

Best overall student card
Scotiabank American Express®  Card (for students)
Scotiabank American Express®  Card (for students)
4.2
NerdWallet rating
Annual fee$0
Intro offer
Up to 5,000 Points
Rewards rate
1x-3x Points
Interest rates
19.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Aeroplan point collectors
CIBC Aeroplan® Visa* Card for Students
CIBC Aeroplan® Visa* Card for Students
5.0
NerdWallet rating
Annual fee$0
Intro offer
10,000 Points
Rewards rate
0.67x-1x Points
Interest rates
20.99% / 22.99%
Recommended credit score300-900

Our pick for: Aventura point collectors
CIBC Aventura® Visa Card for Students
CIBC Aventura® Visa Card for Students
4.7
NerdWallet rating
Annual fee$0
Intro offer
Up to 2,500 Points
Rewards rate
0.5x-1x Points
Interest rates
21.99% / 22.99%
Recommended credit score300-900

Our pick for: Cash fans
Wealthsimple Card
Wealthsimple Card
5.0
NerdWallet rating
Annual fee$0
Intro offerN/A
Rewards rate
1%
Interest rates
N/A
Recommended credit score300-900

Our pick for: DIY enthusiasts
Scotiabank® Scene+™ Visa* Card for Students
Scotiabank® Scene+™ Visa* Card for Students
4.7
NerdWallet rating
Annual fee$0
Intro offer
Up to 7,500 Points
Rewards rate
1x-2x Points
Interest rates
20.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Balance transfer hunters
Scotia Momentum® No-Fee Visa* Card (for students)
Scotia Momentum® No-Fee Visa* Card (for students)
4.8
NerdWallet rating
Annual fee$0
Intro offer
Up to $100
Rewards rate
0.5%-1%
Interest rates
19.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Cash back on everyday essentials
Scotia Momentum® Visa* Card (for students)
Scotia Momentum® Visa* Card (for students)
4.3
NerdWallet rating
Annual fee$39
Intro offerN/A
Rewards rate
1%-2%
Interest rates
19.99% / 22.99%
Recommended credit scoreN/A

Our pick for: Coffee runs before class
Secured Tims® Mastercard
Secured Tims® Mastercard
4.0
NerdWallet rating
Annual fee$0
Intro offer
$20
Rewards rate
0.25x-12x Points
Interest rates
20.99%-26.99% / 22.99%-27.99%
Recommended credit scoreN/A

Methodology

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NerdWallet Canada selects the best credit cards based on overall consumer value as well as their suitability for specific kinds of consumers. Factors in our evaluation methodology include each card’s earning rates, rewards structure (such as flat-rate or bonus categories), annual fee, redemption options, promotional APR period for purchases, bonus offers for new cardholders, and noteworthy features such as insurance, loyalty bonuses or the ability to choose one’s own rewards categories.
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Beginner’s guide to student credit cards in Canada

Student credit cards function similarly to regular credit cards: you make purchases and repay them by your statement due date. However, they are generally easier to qualify for and can help build your credit history.

How do student credit cards work?

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Here's what to know:

Some financial institutions offer student-branded cards, but many general entry-level cards are also student-friendly. In other words, even if a card isn’t called a student credit card, you may still have a chance at approval.

If you have no credit history, or one with many negative marks, check eligibility requirements carefully — secured credit cards or prepaid options might be a better fit.

Student credit cards vs. regular credit cards

The key difference lies in qualification requirements.

  • Regular credit cards require a good credit score and stable income.

  • Student credit cards have relaxed or, in some cases, non-existent, income and credit score requirements.

Despite the name, most student credit cards are available to a wider range of applicants beyond post-secondary students.

Types of student credit cards

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Many popular types of credit cards are available for students, including:

Cash-back cards

A particularly attractive option for students who might want a “discount” on their credit card bill every now and then, cash-back credit cards reward your spending with points that can be redeemed for cash. These cash rewards are most often provided in the form of a statement credit, but in some cases, can also be transferred to a savings account.

Low-interest cards

Most credit cards in Canada carry a purchase interest rate around 20%, and student credit cards are no exception. Credit card interest rates on balance transfers or cash advances may be even higher. However, low-interest credit cards offer low rates as a way to attract cardholders who may not be as experienced with revolving credit products.

No-fee cards

Many Canadian credit cards charge an annual fee that must be paid regardless of how much you spend or how often you use the card — it’s like a membership fee just for having the card. Students who are working with a tight budget will be pleased to learn that there are exceptions to this rule, however.

No-fee credit cards waive the annual fee, allowing students to reap all the benefits of having a credit card — including bonuses and rewards — without an extra charge piled on top.

Travel cards

Among the best options for students are travel credit cards, which allow cardholders to earn travel rewards — points or miles that can be redeemed for discounted fares, merchandise, gift cards, and other perks.

Rewards cards

Armed with a rewards credit card, students in Canada can earn valuable points by using their card to pay for everyday expenses, like gas, groceries and even furniture. Some student rewards credit cards even come with perks like purchase assurance or extended protection insurance on eligible purchases.

A particularly attractive option for students who might want a “discount” on their credit card bill every now and then, cash-back credit cards reward your spending with points that can be redeemed for cash. These cash rewards are most often provided in the form of a statement credit, but in some cases, can also be transferred to a savings account.

Most credit cards in Canada carry a purchase interest rate around 20%, and student credit cards are no exception. Credit card interest rates on balance transfers or cash advances may be even higher. However, low-interest credit cards offer low rates as a way to attract cardholders who may not be as experienced with revolving credit products.

Many Canadian credit cards charge an annual fee that must be paid regardless of how much you spend or how often you use the card — it’s like a membership fee just for having the card. Students who are working with a tight budget will be pleased to learn that there are exceptions to this rule, however.

No-fee credit cards waive the annual fee, allowing students to reap all the benefits of having a credit card — including bonuses and rewards — without an extra charge piled on top.

Among the best options for students are travel credit cards, which allow cardholders to earn travel rewards — points or miles that can be redeemed for discounted fares, merchandise, gift cards, and other perks.

Armed with a rewards credit card, students in Canada can earn valuable points by using their card to pay for everyday expenses, like gas, groceries and even furniture. Some student rewards credit cards even come with perks like purchase assurance or extended protection insurance on eligible purchases.

Is a student credit card a good idea?

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Even if you already have a joint credit card with your parents, getting a student credit card can still be beneficial. When used responsibly, credit cards can help manage expenses and build credit.

When a student credit card may be worth it:

  • To build credit as a student. Using your card and paying on time improves your credit score, making it easier to qualify for loans in the future.

  • To earn rewards. Some student credit cards offer cash back, travel points, or other valuable rewards that can make life a little less expensive.

  • To track spending. Many credit cards include budgeting tools that help monitor expenses — an important money management skill.

  • To gain financial flexibility. Dealing with an unexpected expense when you don’t have much cash can be extremely stressful, but a student credit card can help fill in those gaps for emergencies so you can still afford necessary expenses.

How to get a student credit card

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Getting a student credit card involves four simple steps:

  1. Compare options first. Look at annual and incidental fees, rewards or perks that match student spending, credit-building features, and any welcome offers to find a card that fits your budget.

  2. Check eligibility. Common requirements include being at least 18 (or your province’s age of majority), Canadian residency (or an SIN for international students), and sometimes proof of income such as student loans, grants, scholarships or part-time work. A good credit score isn’t always required, but some cards target applicants with scores around 660+.

  3. Apply when you’re ready. Most issuers let you apply online (many offer instant decisions) or in person. The issuer will review your application, may run a credit check, and could ask for extra documentation.

  4. Activate and use responsibly. If approved, your card usually arrives within one to two weeks. Activate it online or by phone, keep balances low, and pay on time to build credit.

How to make the most of your student credit card

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Maximize the benefits of your student credit card by following these key strategies:

  • Pay your bills in full and on time to avoid interest charges. If you can’t pay your full balance, at least make the minimum payment required.

  • Use your card strategically to earn rewards and build a positive credit history. Just make sure you’re spending within your means.

  • Monitor transactions by reading your credit card statement and paying attention to your purchases so you know where your money is going. Some credit cards suitable for students even have an app that analyzes your spending for you.

  • Take advantage of perks that come with your card, like free extended warranty, rental car discounts and purchase protection, which could help save money.

  • Secure your account by choosing a strong PIN and enabling alerts to protect against credit card fraud.

🤓Nerdy Tip

You can pay your bill whenever you want. Most people will wait for their bill to arrive and then pay it off all at once. Others will pay off their charges as they accumulate to help prevent overspending.

Frequently asked questions

Absolutely! Many student credit cards don’t require a strong credit history. If you’re just starting out, look for ones that accept students with limited or no credit. You might need to show some form of income (even if it’s a part-time job, scholarship, or student loan).

Even though student credit cards are easier to qualify for, approval isn’t guaranteed. Common reasons for rejection include:

  • Not meeting the age requirements.

  • Not residing in Canada.

  • Lack of proof of income.

  • Insufficient income.

  • Being an international student without permission to work in Canada (which prevents obtaining a Social Insurance Number).

  • A low credit score from previous credit history.

  • Failure to provide proof of enrollment (if required).Some credit card issuers allow this, but many require proof of annual income. After all, you need some form of income to pay your bills.Having an existing bank account with the financial institution where you’re applying can improve your chances of approval since they can verify your assets.

Some Canadian colleges and universities accept credit card payments for tuition, but not many. Even if they do, you may not be able to use a student credit card due to lower spending limits.

Additionally, post-secondary institutions often charge significant processing fees — sometimes as high as 3% of the total transaction. For example, a $5,000 tuition payment could come with a $150 fee.

Before using a student credit card for tuition, check what credit card fees apply and explore alternative payment methods, such as direct deposit or a cheque.

You can cancel your credit card after you graduate, but you have other options:

  • Keep it open. A long credit history helps your credit score, so keeping your student card open (even if you don’t use it often) can be beneficial.

  • Request a product upgrade. Some banks will let you switch to a non-student version of your card with better perks, like higher rewards or no foreign transaction fees.

  • Increase your credit limit. You should update your information with your credit card provider, especially if your income has increased. Ask about a limit increase to improve your credit utilization ratio.

Avoid closing your card right away (unless the card has an annual fee you don’t want to continue paying). Keeping it open — even if you don’t use it much — can help maintain a strong credit score.

If you miss a single payment, you’ll be charged interest and could see a small dip in your credit score. Missing two or more consecutive payments can have more serious consequences:

  • Your bank may increase your interest rate or classify your account as delinquent.

  • Your credit score may drop, making it harder to get loans in the future.

If you miss a payment by mistake, pay it as soon as possible. You can also call your credit card provider to ask if they’ll waive the interest charges. To prevent future missed payments, set up automatic payments or reminders.

Some credit card issuers allow this, but many require proof of annual income. After all, you need some form of income to pay your bills.

Having an existing bank account with the financial institution where you’re applying can improve your chances of approval since they can verify your assets.

Yes, international students can apply for credit cards in Canada. You’ll need a SIN, proof of enrollment, and government-issued ID (passport or Canadian driver’s license). Some banks offer international student-friendly credit cards.

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