For students in Canada looking for a credit card in 2024, there are several great options tailored to different needs and spending habits. Here are some of the best choices:
1. **BMO CashBack Mastercard - Student**:
This card is ideal for students who want to earn cash back without paying an annual fee. It offers 3% cash back on groceries, 1% on recurring bill payments, and 0.5% on all other purchases. There is also a welcome offer of 5% cash back on all purchases for the first three months.
2. **CIBC Aeroplan Visa Card for Students**:
This card is perfect for students who travel frequently. It has no annual fee and offers 1 Aeroplan point per dollar spent on gas, groceries, and Air Canada purchases, and 1 point per $1.50 on other purchases. New cardholders can earn 10,000 Aeroplan points after making their first purchase, which is equivalent to around $200 in travel rewards.
3. **TD Rewards Visa Card**:
This is a versatile card for students who like to travel but don't want to be tied to a specific airline. It offers 4 TD Rewards points per dollar spent on travel booked through Expedia for TD, 3 points on groceries and dining, 2 points on recurring bill payments, and 1 point on other purchases. There's also a welcome offer providing up to $50 in TD Rewards Points for Amazon.ca purchases.
4. **RBC ION Visa Card**:
This card offers 1.5 Avion points per dollar spent on groceries, gas, transit, and streaming services, and 1 point per dollar on all other purchases. It also comes with a welcome bonus of 3,500 Avion points and no annual fee. This card is great for students who want to maximize their rewards across a variety of everyday spending categories.
5. **CIBC Dividend Visa for Students**:
A good option for those focused on cash back, this card offers 2% cash back on groceries, 1% on gas, transportation, dining, and recurring payments, and 0.5% on other purchases. New cardholders receive $50 cash back after their first purchase within four months. It also includes a free SPC+ membership, providing discounts on numerous brands.
Each of these cards has no annual fee, making them accessible and budget-friendly for students. They also offer various perks and rewards tailored to different spending habits, whether you prefer cash back, travel rewards, or points for everyday expenses. Choosing the right card depends on your personal spending habits and financial goals.