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The 6 best student credit cards in Canada for 2021

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Summary (+/-)

The transition from high school graduate to college or university freshman is a big leap.

From living away from home for the first time to learning how to navigate the ins and outs of campus life, wading through the complexities of getting a first credit card can quickly fall off the priority list for many students. And while some students may choose not to apply for a credit card at all, others may be swayed into a particular card by a sales representative on campus promising freebies like a complimentary t-shirt. Neither of these is the best courses of action to take, as students should understand the benefits of using credit cards and compare all their options instead of being “sold” on a single card.

Below, we shed light on the benefits of student credit cards and provide a breakdown of the best student credit cards in Canada for 2021. Note: While some of the cards on our list are not full-fledged student credit cards per se, all have no annual fees and minimal qualification requirements.

 

Best student credit card for cash back

Card details

  • No annual fee
  • Welcome Offer: 5% cash back on all purchases (up to $100) for first 3 months, plus plus a $50 cash back bonus (when you spend $6,000) in your first year
  • 3% cash back on the first $500 spent groceries and 1% on recurring bills ($500 monthly cap on each category)
  • 0.5% cash back on everything else, plus an additional 4.5% bonus cash back up to a maximum of $1,500 spent in the first 3 billing cycles
  • Terms and conditions apply

Read in-depth card description (+/-)

Best student credit card for Miles

Card details

  • No annual fee
  • Welcome Offer: Up to 800 Air Miles Bonus Miles
  • Earn 3x the Miles per dollar at Air Miles partner stores
  • Earn 0.04 Miles per dollar everywhere else
  • Earn Miles twice when shopping at Air Miles partners

Read in-depth card description (+/-)


Best store credit cards for students

For Loblaws and Shoppers Drug Mart

Card details

  • No annual fee
  • Earn 25 PC Optimum Points per $1 spent at Shoppers Drug Mart / Pharmaprix
  • Earn 10 PC Optimum Points per $1 spent on all other purchases
  • Earn 30 PC Optimum Points per purchased litre of gasoline at Esso

Read in-depth card description (+/-)

For Canadian Tire

Card details

  • No annual fee
  • Get 4% in Canadian Tire Money at Canadian Tire, Sport Chek, and participating Mark®/L’Équipeur and Atmosphere locations
  • 1.5% on the first $12,000 spent at eligible grocery stores each year
  • 0.5% on everything else
  • Earn 5¢ per litre back in Canadian Tire Money at Gas+ and participating Husky locations
  • Income requirement: Any amount

Read in-depth card description (+/-)


Best student credit card for travel rewards

Card details

  • No annual fee
  • Apply by December 5, 2021 to get a 9.99% promotional interest rate on purchases for the first 6 months with no annual fee. Plus, earn 15,152 TD Rewards Points (a value of $50 on Amazon.ca with Shop with Points) by keeping your Account open, active and in good standing for the first 90 days.
  • Earn 3 TD Points per $1 on travel through ExpediaforTD
  • Earn 2 TD Points per $1 on groceries, restaurants, and regularly recurring bill payments
  • Earn 1 TD Point per $1 on everything else
  • This offer is not available for residents of Quebec. For Quebec residents, please click here

  • †Terms and conditions apply.

Read in-depth card description (+/-)


Best secured credit card for students

Card details

  • No annual fee
  • 19.99% interest rate on purchases
  • Credit limit is set by the amount of security deposit put down, between $500-$10,000
  • Not available to residents of Quebec

Read in-depth card description (+/-)

Visit our student personal finance guide.

Financial literacy early in life will pay dividends in your future. Learn more with Ratehub's guide to managing your money as a student.

Frequently asked questions about student credit cards

Why should a student consider getting a credit card?

What is a student credit card?

What is the best first credit card in Canada?

Can international students get credit card in Canada?

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