Credit card companies across Canada are helping out the “poor university student” population. It seems that every bank is offering different perks to clients that sign up for one of their cards. Whether it be free movies, free groceries, discounts at many retailers and restaurants or points towards traveling or buying a new car - the choice is yours. With so many options out there, it can be difficult to decide which card offers the best value for students, without gouging them with annual fees and interest rates. At RyersOnline.ca we have put together a quick comparison chart of student credit cards to make this decision a little easier.

Bank name	Type of card	Annual fee	Interest rate	Qualifications to get card	Special benefits
Bank of Montreal	Student Mosaik Mastercard	$0/$35 with lower interest rate	18.5% or 11.4% with $35 annual fee	Need to be 18 years of age or older and a permanent resident of Canada. Students are approved for about a $500 limit to build a credit history.	SPC card and either Air Miles Rewards or CashBack Rewards Program
CIBC	Classic Visa card for students	$0	18.5%	Need to be a full-time student with minimum $1200 annual income	Travel Accident Common Carrier insurance and 1 year extended warranty insurance
President's Choice	Mastercard	$0	19.97%	An applicant with good credit history will be approved	10 PC points for every dollar spent - 20,000 points = $20 in free groceries at any PC store
Royal Bank	Visa classic student	$0 with Royal Bank account, $15 without	18.5%	Need to be a full-time student, credit history not necessary	Every dollar spent earns 1 Royal Bank Point to be contributed towards various rewards
Scotia Bank	L'EARN Visa card for students	$0	18.5%	Need credit history, cannot have declared bankruptcy	20% discount on car rentals at participating AVIS locations
Scotia Bank	Scene Visa card	$0	19.5%	Need credit history, cannot have declared bankruptcy	1 Scene point per dollar spent or 5 Scene points per dollar spent at Cineplex locations - 1,000 points = a movie ticket or concessions combo
TD	Visa card for students - Rebate rewards	$0	19.75%	With a student bank account, clients are pre-approved for $500 limit to build a credit history	Cash rebate of up to 1% each year
TD	Visa card for students - Green card	$0	19.75%	With a student bank account, clients are pre-approved for $500 limit to build a credit history	Budget Rent-A-Car Preferred Rates and Purchase Security, Extended Warranty Protection
TD	Visa card for students - The GM card	$0	19.75%	With a student bank account, clients are pre-approved for $500 limit to build a credit history	3% in GM Card Earnings which can be applied to the purchase or lease of a new GM vehicle