As a student, managing finances can be challenging, but having a credit card tailored to your needs can help you build credit and learn responsible financial habits. Instant approval student credit cards offer a fast and convenient way to start your credit journey. In this article, we’ll explore the best Canadian student credit cards with instant approval, their features, and how they can benefit you.
Student credit cards Canada instant approval
- Scotiabank Scene Visa Card for Students
Annual Fee: $0 Rewards Rate: 5 Scene points per $1 spent at Cineplex theatres or cineplex.com, 1 Scene point per $1 spent elsewhere
The Scotiabank Scene Visa Card for Students is a popular choice for movie lovers, offering an instant approval process and valuable rewards. With no annual fee and a rewards program focused on entertainment, this card can help you balance work, school, and leisure. Cardholders can earn 5 Scene points per $1 spent at Cineplex theatres or cineplex.com and 1 Scene point per $1 spent on all other purchases.
As a welcome bonus, new cardholders can earn 2,500 Scene points after spending $500 on eligible purchases within the first three months. These points can be redeemed for free movie tickets, discounts on food and drinks at Cineplex theatres, and even savings on select dining and travel experiences.
- BMO CashBack Mastercard for Students
Annual Fee: $0 Rewards Rate: 3% cashback on groceries, 1% cashback on recurring bill payments and public transit, and 0.5% cashback on all other purchases
The BMO CashBack Mastercard for Students offers instant approval and a generous cashback program tailored to student spending habits. With no annual fee, this card allows you to earn 3% cashback on grocery purchases, 1% cashback on recurring bill payments and public transit, and 0.5% cashback on all other purchases.
New cardholders can take advantage of a welcome offer featuring 5% cashback on all purchases for the first three months, up to a maximum of $100 cashback. Plus, cardholders can access exclusive discounts on popular streaming services, rideshare apps, and food delivery platforms.
- Tangerine Money-Back Credit Card for Students
Annual Fee: $0 Rewards Rate: Up to 2% cashback
The Tangerine Money-Back Credit Card for Students offers instant approval and a customizable cashback rewards program. Cardholders can choose two categories to earn 2% cashback, such as groceries, gas, or dining, and 0.5% cashback on all other purchases. By depositing cashback rewards into a Tangerine Savings Account, students can unlock a third 2% cashback category.
This card also offers a balance transfer promotion for new cardholders, featuring a 1.95% interest rate on balance transfers for the first six months.
- RBC Rewards+ Visa Card for Students
Annual Fee: $0 Rewards Rate: 2 RBC Rewards points per $1 spent on gas, groceries, and dining, 1 RBC Rewards point per $1 spent elsewhere
The RBC Rewards+ Visa Card for Students is an instant approval credit card with a versatile rewards program. Cardholders can earn 2 RBC Rewards points per $1 spent on gas, groceries, and dining, and 1 RBC Rewards point per $1 spent on all other purchases. These points can be redeemed for a wide range of rewards, including merchandise, gift cards, and travel.
New cardholders can also benefit from a welcome offer of 2, 500 RBC Rewards points after making their first purchase. Additionally, this card includes purchase protection and extended warranty coverage, providing extra peace of mind when shopping for electronics, textbooks, and other essentials.
- CIBC Dividend Visa Card for Students
Annual Fee: $0 Rewards Rate: 2% cashback on groceries, 1% cashback on gas, transportation, dining, and recurring payments, and 0.5% cashback on all other purchases
The CIBC Dividend Visa Card for Students offers instant approval and a cashback program focused on everyday spending. With no annual fee, students can earn 2% cashback on grocery purchases, 1% cashback on gas, transportation, dining, and recurring payments, and 0.5% cashback on all other purchases.
This card also features a welcome offer of 5% cashback on all purchases for the first four months, up to a maximum of $2,000 in total purchases. Furthermore, the CIBC Dividend Visa Card for Students includes purchase security and extended warranty protection, ensuring your purchases are safeguarded.
Conclusion
Instant approval student credit cards in Canada provide a convenient way for students to start building credit and managing their finances. These cards offer tailored rewards programs and benefits that cater to the unique needs and spending habits of students. By comparing features such as rewards rates, welcome offers, and additional perks, you can find the best credit card to support your financial goals and lifestyle.
Remember, as a student, it’s essential to use your credit card responsibly. Pay your balance in full each month to avoid interest charges, maintain a good credit score, and develop healthy financial habits that will serve you well throughout your life. With the right credit card and responsible usage, you can set yourself up for financial success and enjoy the benefits of rewards tailored to your needs.
