Top 3 best credit cards for new International student in Canada have small fees and low interest rates. They also give you some benefits and help build your credit.
1. BMO CashBack® Mastercard®* For New International Students
| Annual Fee | Interest Rate | Reward Rate |
| $0 | 20.99%/22.99% | Upto 5% |
BMO CashBack® Mastercard®* Card Details:
- Welcome Offer for New Students: In your first 3 months, you get 5% cash back when you anything.
- Ongoing Rewards: After that, you get: (Best Credit Card For Cashback In Canada)
3% cash back on groceries everytime when you pay from credit card.
1% cash back on bills you pay from a student credit card every month.
0.5% cash back on anything else you buy. - Best Grocery Cash Back Credit Card: Get the most cash back on groceries in Canada, and there’s nearly zero yearly fee!
- Build a Good Credit History: You get money back every time you spend from a student credit card and you also start building a good credit history.
- Get Your Cash Back Fast:
Put it in your bank.
Use it to pay your card bill.
Put it in your BMO InvestorLine account. - No Yearly Fee: No fee every year.
- Extra Benefits:
More Protection: For things you buy.
Purchase Protection: Your purchase is safe.
Save on Car Rentals: Save money when you rent a car. - Important Info: Terms and conditions apply. Click “Apply now” for more info.
Pros
Cash Back: Get cash back when you purchase stuff. (Best credit card for cash back)
Use Whenever: Utilize your cash back regardless of whether it’s just $1.
3% on Groceries: Get 3% back when you purchase Groceries (up to $500 every month).
1% on Bills: Get 1% back on month to month charges (up to $500 every month).
0.5% on All the other things: Get 0.5% back on other stuff with no restriction.
No Yearly Charge: No yearly fee.
Flexible: Redeem your cash back whenever for any amount.
Financial insights
Extended warranty and purchase protection
Cons
Limits on Groceries and Bills: 3% on food and 1% on bills up to $500 every month. From that point onward, it’s 0.5%.
Limited Insurance: Only extended warranty and purchase protection included.
2. CIBC Aeroplan Visa Credit Card For New International Student In Canada
| Annual Fee | Interest Rate | Rewards Rate | Intro Offer |
| $0 | 20.99%/22.99% | 0.67x-1x Points | 10,000 Points |
CIBC Aeroplan Visa Card Details:
- Welcome Gift For New International Student: Get 10,000 points when you make your first purchase.
- Earn Points:
a. 1x point for every dollar spent on gas, groceries, charging electric cars, and Air Canada travel, up to $40,000 a year.(Best Credit Card For Aeroplan points)
b. 1x point for every $1.50 spent on everything else, and for gas, groceries, charging, and travel after spending $40,000. - Double Points: Get points twice at over 150 Aeroplan stores and 170+ online shops.
- Points Never Expire: Aeroplan never expire Use them for travel, gifts, and more.
- No Annual Fee: No fee every year.
- Free Uber Pass: Three months free Uber pass for discount on rides and meals. Offer ends soon.
- Money Transfers: Get 1 point for every $6 you send with no extra fees if paid on time.
- Extra Cards: Add three family members to share points.
- Pay Bills: Use your card to pay bills and earn points.
- Cheaper Flights: Pay less with Aeroplan points for flights.
- Car Rentals: Save up to 25% at Budget and Avis.
- Gas Savings: Save up to 10 cents per liter at certain gas stations.
- Installment Payments: Use CIBC Pace It to pay over time.
- Insurance: Four types of insurance, including car rental and purchase protection.
- Preferred Rates: 20.99% for buying things, 22.99% for cash advances.
- For Students: Must be a full-time college or university student.
- SPC+ Membership: Free membership for up to 30% off top brands.
- Pace It Plan: Get access to CIBC’s Pace It installment purchase plan.
Pros
Easy Bonus: Just make one purchase to get 10,000 points.
Great Intro Offer: Get enough points for a one-way flight in North America.
Earn Points Fast: Earn points twice as fast at Aeroplan partners and online stores when you use your Aeroplan credit card.
Cons
High Interest Rate: 20.99% interest rate can be tough for students using their first credit card.
Best for Air Canada Fans Only: To get the most value, you need to use Air Canada and Aeroplan rewards a lot.
Lower Earn Rate: Points earned on some purchases are less than what other no-fee cards offer.
3. TD Cash Back Visa* Credit Card For New International Students
| Annual Fee | Interest Rate | Welcome Bonus |
| $0 | 19.99%/22.99% | 50% more in Starbucks Rewards Stars |
TD Cash Back Visa* Credit Card Details:
- Cash Back On Groceries: Get 1% money back on food, gas, and bills.
- Welcome Bonus: 50% more in Starbucks Rewards Stars
- Cash Back On Other Item: 0.5% money back on different items you purchase.
- Earn More: You can make extra $216.59 each year in cash back from this card (Best Credit Card For Easy Redemption).
- Travel Insurance: You can add travel medical and trip cancellation insurance.
- TD Autoclub: You can buy a membership for extra car help.
- TD Payment Plans: Turn purchases of $100 or more into easy payments over six, 12, or 18 months.
- Purchase Protection: Extra protection and extended warranty within 90 days of buying something.
- Car Rental Savings: Save 10% at Avis and Budget in Canada and the U.S., or 5% in other places.
- Visa Zero Liability: You’re protected from unauthorized transactions.
- Not for Quebec Residents: This offer is not available if you live in Quebec.
- Based on an approximate monthly spend of $12,500 in one year you could earn $ 825 in Cash Back Dollars.
Pros
No yearly charge
Gives cash back, instead of rewards points
Cons
Low rewards earnings
Lacking in perks
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FAQ
Which credit card is best for new international students in canada?
BMO CashBack® Mastercard®* is Best Credit Card For New International Student In Canada. Because of the exceptional bonus, this card is fully fit for international students.
Which credit card is best for cashback in Canada?
Once again BMO CashBack® Mastercard®* is best for cashback.
Which credit card is best for easy redemption in Canada?
TD Cash Back Visa* Credit Card is best for easy redemption.
Which credit card is best for Aeroplan points in Canada?
CIBC Aeroplan Visa Card is best for Aeroplan Points. You can get cheaper flights with Aeroplan Points.