Credit Cards – My Study Times

5 Best Student Credit Cards in Canada

Best Student Credit Cards in Canada – Attention! Want to save every penny possible!!!!!! When you are suddenly plunged into independence at the age of 18 (majority age for some provinces), the world of finance could be quite bewildering. Starting to save for the future and being financially responsible from a young age should be a befitting goal.

Why do you need a Student Credit Card?

On having a student credit card in canada, various personal expenses during your college years like buying a car and others can be readily met even if you don’t draw an honorarium. Best Student credit cards can provide you with rewards and/ or cash-backs. The cardholder needs to be consistent in paying their monthly credit balance for their credit history to be healthy. Having a good credit history is essential to show financial responsibility in repaying the incurred debts, and would serve in the future for receiving larger credit. We recommend you use the Mogo Free Credit Monitoring tool to monitor your credit score monthly.

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Is it necessary to have a job?

College students aged 18 years or above (legal age varies per province) can apply for student credit cards. The majority of the banks do not imply for the student to have a specific job or income source. In the event they demand, the applicant can consider getting a part-time job or put forward an alternative income source, probably your parents’ income or guarantee, loans, or personal savings.

5 Best Student Credit Cards in Canada 2021

1. Tangerine Money-Back Credit Card

Tangerine Money-back card is one of the Best Student Credit Cards in Canada.

Click Here To Apply For Tangerine Money-Back Credit Card

Attractive features are:

No annual fee
Interest rate: 19.95
Rewards up to 2% on everyday purchases and 2% money-back on your category of choice.
Purchase assurance and extended warranty.
Eligibility Criteria: Person of majority age as per province with a gross annual income of $12,000 and a resident of Canada without any case of bankruptcy for the past 7 years.

Cash redemption can be done anytime to your savings account or to the credit card balance. For the first 6 months, you only need to pay 1.95% interest on the transferred amount. In the first 2 months, purchasing items worth up to $1,000 from the Tangerine Money-Back Credit Card, 15% (up to $120) is earned as a reward (limited offer).

Click Here To Read Detailed Review of Tangerine Money-Back Credit Card

Click Here To Apply For Tangerine Money-Back Credit Card

Are you a Shopping Lover? Looking for Best Store Credit Cards in Canada to Earn Rewards while you shop?

Click Here to Unlock Top 5 Best Store Credit Cards in Canada.

2. Scotiabank SCENE Visa Card

Scotiabank SCENE Visa Card - Best Student Credit Card Canada

This Credit Card in Canada is apt for a person who consistently loves going to the movie theatres. The Scotiabank SCENE Visa Card provides:

No annual fee
Interest rate: 19.99% for purchases and 22.99% for cash advances
$500 minimum credit limit
For every $1 spent on everyday purchases, 1 SCENE point is earned.
5 SCENE points for every $1 spent in Cineplex theatres or at cineplex.com.
Eligibility Criteria: Person of majority age as per province with a gross income of $12,000 and a resident of Canada without a case of bankruptcy for the past 7 years.

In the first 3 months, 2,500 points can be earned for the first $500 spent. 1,250 SCENE points can be redeemed for a free movie. $10 discount can be earned from restaurants by redeeming 1.000 SCENE points.

Are you aware that you can pay your monthly payments through credit cards? Read our detailed review on the website which allows you monthly payments through credit card.

Plastiq Review: Simple Way to Pay Your Taxes and Mortgage with Credit Card

3. BMO CashBack Mastercard

BMO Cashback MasterCard is one of the best cash back credit card Canada for college students.

The attractive features of BMO CashBack Mastercard are:

No annual fee
Interest rate: 19.99% for purchases and 22.99% for cash advances
3% cash-back on groceries, 1% on recurring payments, and 0.5% on others
Purchase protection and extended warranty
Add another cardholder for free and earn more cash-backs.
Eligibility Criteria: Person of majority age as per province with a minimum income requirement and a resident of Canada without a case of bankruptcy for the past 7 years.

Cash redemption can be done anytime. An automatic deposit of cash balance on reaching a specified amount (minimum balance $25) can be established as per choice. In the first 3 months, up to 5% cashback and introductory interest rate to 1.99% on balance transfers for 9 months.

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4. BMO AIR MILES Mastercard

For hodophile (travel-loving) students, this card is apt for you as it gives numerous travel rewards.It is considered the Best Travel Credit Card in Canada for students which is having the following features.

No annual fee
Interest rate: 19.99% for purchases and 22.99% for cash advances
1 MILE point earned for every $25 spend and extra 2 points for purchasing in stores having a contract with BMO Air MILES Mastercard.
1,300 MILES for a Vancouver to Seattle trip
Eligibility Criteria: Person of majority age as per province and a resident of Canada without a case of bankruptcy for the past 7 years.

Rental car discounts and various travel discounts are also available. On purchasing the card 800 MILES bonus points are earned and a 1.99% introductory interest rate is applicable for the first 9 months.

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5. PC Financial Mastercard

PC Financial Mastercard

This Student Credit Card in Canada offers great cashback for groceries and everyday items. Its attractive features are:

No annual fee
Interest rate: 20.97% for purchases and 22.99% for cash advances
10 PC Optimum points for every $1 in selected grocery stores and elsewhere
20-30 PC Optimum points can be earned in selected stores
Free purchase assurance and extended warranty
Eligibility Criteria: Person of majority age as per province and a resident of Canada without a case of bankruptcy for the past 7 years.

When you earn 10,000 PC Optimum points, you can redeem $10 worth of items in selected stores.

Looking for a Credit Check before Applying for Student Credit Cards?

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CONCLUSION: Best Students Credit Cards Canada

The above-curated information is from meticulous research as I have not earned the opportunity to purchase the Best Student Credit Cards in Canada. The above 5 student credit cards in Canada are the best student credit cards currently available in Canada, as they have no annual fees and you can easily earn rewards or cash backs. Savings is a dominant issue among college students and the above student credit cards can assist to resolve those issues.

Plastk Secured Credit Card Review ($25 Bonus) – Best Secured Credit Card Canada

Plastk Financial Brief Review

The Plastk Secured Credit Card is the first secure credit card in Canada to provide a premium rewards program. Their credit insights provide you with the tools to take charge of your credit and be rewarded for it. Mo has spent a lot of time working in the automobile market, where discussions on financing solutions were less.

Plastk Secured Credit Card Review | Best Secured Credit Card | plastk secured visa card review | plastk credit card | plastk secured card | plastk secured visa — Plastk Secured Visa Credit Card Review

In this PLASTK secured credit card review we will see how Mo saw that many people were having problems reforming their credit rating because of earlier mistakes and that beginners require a practical method for obtaining a credit card while establishing their credit record from scratch. Mo noticed in 2019 that the finest rewards programs were kept for a select number of high-net-worth individuals. He foresaw a credit card that would not only help people restore or build credit, but would also offer premium perks that were not accessible with the other credit line products.

Eligibility Requirements for Plastk Secured Credit Card

Unlike the other credit cards that have more severe conditions such as a minimum yearly or family income and a minimal credit rating, Plastk does not have any plastk secured credit card limit that will prevent you from being approved. To qualify for a Plastk Secured Credit Card, you have to meet the following criteria:

You are a Canadian national.
You’ve achieved the legal age in your province
To open your account, you must make a cash minimum deposit of $300.

Costs and Fees of Plastk Secured VISA Credit Card

The Plastk credit card review shows that it comes with a $48 annual fee + a $6 monthly maintenance fee, similar to many different rewards credit score playing cards that include more increased perks. However, if you’re not able to use different credit score playing cards because of denied income, a low credit score score, or no credit score history, then cumulating $120 isn’t an imperfect deal if it is a method for you to build up your credit score while not missing out on perks and rewards.

Plastk Secured Card Features and Benefits

Premium Rewards: According to the Plastk secured visa card review, one can earn up to one point for every $1. They can save points for shop credit, products, generous donations, gift cards, trip awards, and premier events.
Great Welcome reward: New customers who sign up for a secured Plastk credit card can earn up to 5,000 Plastk Bonus Rewards points after being a customer for 3 months.
Flexible Cash Deposit: Deposits range from approximately $250 to a maximum of $10,500.
Lower interest rates – 17.99% annual interest rate for purchases and 21.99% annual interest rate for cash advances.
Generous Grace Period – This Plastk secured card review also shows that for purchases, one has a grace period of 25 days, and for cash advances, one has a grace period of 3 days.
Free Credit Score Updates – Cardholders get access to free monthly credit score updates from Equifax.
Fees – The annual fee for the Plastk Secured Credit Card is $48 + a $6 monthly maintenance fee.

Pros and Cons of Plastk VISA Credit Card

Pros of Plastk Card

Helps you construct a credit score rating from scratch or give a boost to your current rating.
Earn rewards on each buy redeemable for merchandise, present cards, an assertion credit score, and more three. Quick software manner with approval within 24 hours.
Can follow and get authorized even when you have a horrific or no credit score.
0% APR for the primary three months, and 17.99% after that.

Cons of Plastk Credit Card

According to the Plastk secured visa review, a security deposit is required before receiving the card. This means you have to pay in cash in advance.
Foreign transaction fees are above average at 3.5% compared to around 2.5% for most other cards.
If you close your account, it may take up to 60 days to collect your cash deposit.

How Does the Plastk Secured Credit Card Work?

Being a secure credit card, the Plastk Secured Credit Card is a little different than the other credit cards you are used to. To use a secure card, you must send a cash deposit to your credit card issuer as security before receiving the card. Normally, the amount you deposit will be your credit limit. The minimum amount you must deposit to qualify for the Plastk Secured Credit Card is $300 and the maximum amount you can deposit is $10,000.

One of the main benefits of using a Plastk Secured Credit Card is that it helps you build credit. This is a great solution if you have a low credit score, have just arrived in Canada, are a student, or are simply trying to rebuild your credit. Plastk reports monthly to credit units and you can even request a free monthly credit score from Equifax to track your progress. It’s a reward system that’s not common on credit cards. You can receive cashback rewards for each purchase, so you can not only repair your balance but gain something in the process.

Conclusion Plastk Secured Credit Card Review

When you sign up for Plastk, you’ll receive 5,000 Plastk Rewards points after owning the card for 3 months and if your account is healthy. Terms apply. This is worth $20.00 and can be redeemed as a statement or used for other rewards such as events, merchandise, and travel rewards. Every new Plastk customer benefits from her APR of 0% for her first 3 months of card ownership.

Tangerine Money-Back Credit Card Review – Best Credit Card in Canada 2022

Tangerine Money-Back Credit Card: Review, Eligibility, Cashback, Pros and Cons

Tangerine credit cards are the best no-annual-fee credit card in Canada and Best Student Credit Cards in Canada. As you know how troublesome it is to find the best credit card in Canada that includes all the exciting features and is still able to fulfill our desires. Tangerine Money-Back Credit card makes it easy for you to save money on every purchase and return you with exciting cashback and Money-back rewards.

Although, no-fee credit cards are in high demand nowadays as customers are preferring affordability. And, Tangerine Credit card is one of them that provides maximum satisfaction to their cardholders.

Card Name & Issuer: Tangerine Money-Back Credit Card

Tangerine was established as ING DIRECT CANADA on April 27, 1997. Particularly, they don’t have branches everywhere but it’s more like a website. Its headquarters is situated in Toronto.

Tangerine Money-Back Credit Card Annual Fee

As you are aware of the fact that Tangerine money-back credit card doesn’t require an annual fee. Therefore, you are good to go.

Eligibility Requirements for Tangerine Money-Back Credit Card

The Gross annual income required for this card is $12,000 or more.
And you must have attained the majority age in Canada.
Must be a permanent resident of Canada.
No history of Bankruptcies.

Tangerine Money-Back Credit Card Rewards/Offers

You will earn 2% money-back rewards on any two purchase categories and 0.50% Money-back rewards on any other purchase category.
There is no prior limit on earning money-back rewards.
You can deposit all your tangerine money-back rewards on Tangerine savings account and get an extra 2% money-back category.
2% Money-Back Categories includes:
- Grocery
- Furniture
- Hotels
- Gas
- Recurring bill payments
- Restaurant

Click Here To Apply For Tangerine Money-Back Credit Card

How to Apply for Tangerine Money-Back Credit Card?

Visit the official site of Tangerine Money-back credit card. You need to register an account to apply for it.
If you already have an account then you can choose to log in.
Then you will be presented with a form on that particular site.
Tangerine will be asking you about the employment information, annual salary, mailing addresses, and contact information.
Read the full statements and fill the respective form and submit it.

Click Here To Apply For Tangerine Money-Back Credit Card

Insurance Coverage on Tangerine Money-back Credit Card

Purchase insurance:
Purchase assurance is provided to cardholders to cover loss, theft, or any damage on new purchases made anywhere in the world.
The validity of this insurance is up to 90 days from the date of purchase.
Extend warranty

Tangerine Money-Back Credit Card Pros

The crucial pros of this card are that there is no annual fee required.
You can choose your money-back categories by yourself.
Your money back category can be increased added with extra benefits.
You will get various cashback offers along with a welcome offer
Compatible with mobile payment apps.
Cashbacks can be easily redeemed and transferred to a savings account.

Tangerine Money-Back Credit Card Cons

Tangerine Bank doesn’t have any branch anywhere. they are like a web portal bank.
Regular cashback rewards are not enough alluring for customers.
Insurance coverage isn’t up to the mark.
The purchase protection period is very much limited.
You cannot give cashbacks as cash or cheques.

Editor’s Review on Tangerine Money-back Credit card

Tangerine Money-back credit card is no doubt a top-notch card. And it doesn’t require an annual fee. But at the same time, its money-back returns rate is quite low as compared to any other no annual fee credit card. Tangerine money-back credit card gives you the advantage of choosing your 2% money-back categories for money-back returns and apart from that, you can increase your money-back category too.

However, the Insurance coverage is also not up to the mark and the 2% money-back rate is very modest. At last, I would say the Tangerine Money-back credit card is quite beneficial for those who prefer affordability and don’t want to pay an annual fee but expect satisfying offers. Then this card would be the best option as it’s compatible with mobile Payment apps like Gay. And Redeeming is easier for cardholders because the money-back rate gets transferred to the Tangerine savings account automatically and can be redeemed as per the user’s preference.

Click Here To Apply For Tangerine Money-Back Credit Card

FAQs (Frequently Asked Questions)

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The 8 Best Ways Recent Graduates can Start Paying Off Their Loans

There are a lot of things to worry about when you’re a recent graduate, but one of the most pressing concerns is how to start paying off your student loans.

Failing to take action and to get your finances back on track may lead to future financial issues resulting in entering a consumer proposal and/or other debt help solutions.

Don’t put off repayment any longer than you have to. Here are 8 tips for quickly and effectively paying off your student loans.

Make a budget and stick to it.

Creating a budget is one of the best ways to get your finances in order, and it’s especially important when you’re trying to pay off debt. Figure out how much money you can realistically afford to put towards your student loans each month, and make sure to stick to that budget.

Make extra payments when you can.

If you have any extra money at the end of the month, put it towards your student loans. Even small payments can make a big difference in the long run.

Sign up for a graduated repayment plan.

A graduated repayment plan can help you slowly but surely pay off your loans by gradually increasing your monthly payments over time.

Explore loan consolidation or refinancing.

Consolidating or refinancing your student loans can sometimes make it easier to manage your debt and may even save you money in the long run. Using a debt relief program such as a consolidation loan or consolidation of multiple debts is a good way to reduce total debt and improve your credit score. While it is not easy to get out of debt without some tinkering, this TurboDebt review can help you do just that. The company’s experts can help you choose the best debt relief program for your unique situation

Make use of student loan forgiveness programs.

If you’re employed in a qualifying public service job, you may be eligible for student loan forgiveness.

Use a tax deduction or credit to reduce your monthly payments.

If you’re itemizing your taxes, you may be able to deduct part of your student loan interest from your taxable income. And if you’re eligible, you can claim the American Opportunity Tax Credit worth up to $2,500 per year.

Rent out a room in your house.

If you have extra space in your house, renting it out can be a great way to make some extra money – and it can help you pay off your student loans faster.

Make use of student loan repayment assistance programs.

Many companies offer student loan repayment assistance programs to help employees pay off their loans. If you’re lucky enough to work for a company that offers this benefit, take advantage of it!

Congratulations on making it through college! Now that you’ve graduated, it’s time to start paying back your student debt. The good news is that there are plenty of ways to make a dent in your loan balance. We’ve put together a comprehensive guide on how to start paying back your student debt, including tips on budgeting, repayment schemes and more. So read on and get started today!

Wealthsimple Cash Card Review – Wealthsimple Cash App Review

Wealthsimple Cash Card Review – Pros, Cons, Eligibility, How to Apply, Cashback, Promo Code

**Scan QR Code to Download Wealthsimple Cash App On Your Phone**

If you are a person who loves to spend but has trouble keeping tabs on it, prepaid cash credit cards are for you. Prepaid cash cards are quite different from credit cards. It requires funding in advance from the cardholder to avail the card. It helps to limit your spending money and allows the cardholder to be conscious of the exact amount spent.

As Warren Buffet once said, “Do not save what is left after spending but spend what is left after saving”.

In the current Wealthsimple Cash Card Review, we look at one of the best prepaid cash cards in Canada, Wealthsimple cash card.

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Card Name & Card issuer: Wealthsimple Cash Card Review – Wealthsimple

Wealthsimple kept the millennials in mind while establishing this institution. It is an online investment management service that paves a clever way in investing, saving, and spending their clients’ money. The headquarters situated in Toronto, Canada, is headed by CEO Michael Katchen.

Wealthsimple Cash Card Review

Wealthsimple cash is a free peer-to-peer payment app that recently released a physical card for the same. The card is a prepaid Visa cash card through which purchases can be made by the funds paid into your Wealthsimple cash account.

The card helps in easy paying and receiving funds from various contacts. The refunded money is visible once the process has been completed.

Another advantage of this card is that it has no foreign exchange transaction fees or declined transaction fees. The only fees extracted are the standard ATM withdrawal fees (about$3.00) and currency conversion fees, when purchases are made outside the CAD currency.

The Wealthsimple Cash card has no annual fee.

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Wealthsimple Cash Card Transaction limits

Since it is a prepaid cash card, it requires funding in the account in advance to make any purchases. The transaction limit per day and per transaction is unlimited. The maximum spending limit is 10,000 CAD (per day and transaction). The ATM withdrawal limits are up to 500 CAD per transaction and 1000 CAD per day. The amount balance is visible in the Cash app.

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Wealthsimple Cash Card Cashbacks

Wealthsimple cash card applies 5% cashback on purchases from restaurants, bars, and food delivery services. This cashback is only available in a certain period between 12:00 am EST(on Fridays) and 11:59 pm EST(on Sundays). The Cash app allows you to view from where the cashback came in.

How to apply for Wealthsimple Cash Card?

The following are the steps to apply for the Wealthsimple Cash card:

Open a Wealthsimple Cash account
Download the Wealthsimple Cash app and link it with the Wealthsimple cash account.
Add money into your cash account via the app.
Request for a physical card, which will arrive via mail within a few days.
To activate the physical card and to set the PIN, call +1 877-868-0854
Import your contact list into the app to make payments and receive amounts instantly.

Wealthsimple Cash Card Benefits

The Wealthsimple Cash card has no annual fee.
No minimum balance required
No foreign exchange transaction fees or declined transaction fees
Cash backs up to 5% earned from restaurants, bars, and food delivery services.
Wealthsimple cash app helps in easy payment and receiving of money instantly.
Along with your physical card, you receive a virtual card via the Cash app.
Apple, Samsung, and Google Pay can be linked to this account.
The physical card can withdraw money from an ATM.

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Wealthsimple Cash Card Drawbacks

Limited cash backs: The cash backs earned are only from restaurants, bars, and food delivery services and not for all purchases.
Credit score: Prepaid cards are not applicable for a good credit score.

Conclusion – Wealthsimple Cash Card Review

The above-curated information is from meticulous research as I have not earned the opportunity to purchase the Wealthsimple Cash card. The above card is Canada’s first P2P payment app, which recently released a physical card with no annual fees. Thus, the Wealthsimple Cash card is one of the best-prepaid credit cards in Canada.