Up to $1250/month spend
Up to $400/ month spendexcept gas and groceries which give you 2%
Actually, Smartcash for students, for whatever reason, is more difficult to obtain. Some students were told the reason they were rejected was due to income. They were instead accepted for the MBNA Student Rewards MC I linked to. In the end, I would prefer the Student Rewards MC to Smartcash, if only because, with improved income or spending (presumably after graduation), you're already on the MBNA card line that is upgradable all the way to MBNA Rewards World Elite Mastercard (the best no-annual fee cash back credit card in Canada). And Smartcash World (the path from Smartcash) is vastly inferior by comparison. Also, you don't have to wait around for cheques. Lastly, Rewards MC is not capped unlike Smartcash.no income requirement for students
Strictly speaking though, if you don't spend more than $1250 per month, Smart Cash is the better card (if you're not looking at the upgrade path).