The Best Student Credit Cards of 2016

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. If you are responsible in your use of credit, making occasional purchases and paying them in full before you are charged interest, you can build a good credit history.

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.


Scotiabank SCENE VISA Card – You can build your credit and earn cool movie rewards with the SCENE VISA card. Earn one point for each dollar you spend anywhere, and redeem those points for movie admissions and concessions. You can earn extra points (five for each dollar spent) at participating Cineplex locations.

There is no annual fee with this student credit card, and you get 2,000 bonus points with your first SCENE VISA card purchase. That’s enough for up to two free movies. Buy what you normally would, pay off the balance, and then get your entertainment for free. (Full Review)


MBNA Rewards Student Awards Card – This is a very straightforward credit card that can be used to build your credit history while earning rewards. You receive one point for each dollar that you spend. The MBNA Rewards Student Awards card also provides you with 1,000 points after your first purchase, and you get 1,000 bonus points each year on your cardmember anniversary. Points are flexible, and can be redeemed for merchandise, travel, cash back, and even charitable donations.

This card comes with no annual fee. You are also not capped on how many rewards points you can earn. The interest rate is 19.99% for all transactions from purchases to balance transfers to cash advances.


Scotiabank L’earn VISA Card – Earn up to 1% back every year with the L’earn VISA Card from Scotiabank. There is a tiered rewards system, starting at 0.25% cash back and working up to 1%. If you use your card wisely, though, paying for things you would buy anyway, it’s possible for you to earn rewards quickly and get that cash back faster.

There is no annual fee with this credit card, which means that you don’t have to worry about extra costs. The interest rate is 19.99% on purchases and 21.99% on cash advances and balance transfers. You can also get special discounts with various partners. Scotia bank also offers student credit tips for free so that you can learn how to best manage your credit card. You need to apply for this card at a branch, or by calling 1-888-882-8958.

source: canadianfinanceblog.com

Best Credit Cards for Holiday Spending

Figuring out how you will pay for holiday purchases is as important as selecting the right gifts. For example, if you prefer to spread out payments, a no-annual-fee card with a 0% introductory interest rate could be just the thing.

Citibank offers three no-fee cards with a 0% rate on purchases and balance transfers lasting from 15 to 18 months. (You pay a 3% balance-transfer fee.) The Citi Diamond Preferred card (full rate: 11.99% after 18 months) provides access to person­alized concierge services that can help you book hotel rooms and flights. The Citi ThankYou card (full rate: 12.99% after 15 months) awards one ThankYou point for every $1 spent. Points may be redeemed for gift cards, travel rewards or cash. The interest rate on the Citi Simplicity card (full rate: 12.99% after 18 months) won’t increase even if you pay late.

If you pay off your entire balance each month, you may prefer a rewards card that offers a 0% intro rate plus a 5% rebate on varying categories of purchases. The new no-fee U.S. Bank Cash+ Visa Signature card (0% for six months, then 13.99%) allows cardholders to select two purchase categories each quarter for which they will earn 5%. You may also choose a category that will earn you 2%. All other purchases earn 1%. The no-fee Discover More card (0% for 15 months, then 10.99%) offers a 5% cash-back bonus on purchases in categories that rotate quarterly. With the no-fee Chase Freedom card (0% for 15 months, then 12.99%), you earn 5% on up to $1,500 spent on airline fares and hotels -- and at Best Buy and Kohl’s through the end of December.

source: kiplinger.com