Student Credit Cards

[chadder]

well technically then you agreed that:

"You meet the minimum annual income requirement of $15,000.00."

It also asks yearly income so I'm not sure how you told them monthly.. Unless your co-op pays godly amounts

But as far as student credit cards go the Scotia Student Moneyback (with annual fee waived with student account) or No fee Student moneyback might work out. You lose $19 for the first $2000 but after that it's equivalent to enrich. Also the RBC Student VISA Classic II (annual fee waived w/student account or $15. I think they can just waive if you ask nicely or something. It offers about 0.83% back if you take it in form of a gift certiifcate to futureshop or whatever :p

Ya, I couldn't remember whether that card asked for monthly or yearly income. If they asked for yearly I just took my weekly income and multiplied by 52, I think it was just over $30,000 or something. I know it's technically not correct, but it seems to work for me.

I think I got accepted to the Scotiabank Moneyback as well, but it sucks cause you do lose that $19. You have to spend $3000 before you get the full 1%, and unless you're one of the students that can pay your tuition with visa, you're not likely to spend much more than that (I guess unless you buy a computer or something).

[Agent_J]

Ya, I couldn't remember whether that card asked for monthly or yearly income. If they asked for yearly I just took my weekly income and multiplied by 52, I think it was just over $30,000 or something. I know it's technically not correct, but it seems to work for me.

I think I got accepted to the Scotiabank Moneyback as well, but it sucks cause you do lose that $19. You have to spend $3000 before you get the full 1%, and unless you're one of the students that can pay your tuition with visa, you're not likely to spend much more than that (I guess unless you buy a computer or something).

Scotia has the ScotiaStar Network though where you can automatically earn rebates of up to 10%, in addition to the "up to 1% Moneyback reward", when you use your card at ScotiaStar Partners

[eliteblaze]

I find the star network to be too small to be a worthwhile place ot try and spend your but if you spend your money there anywayz then it's an awesome program

[chadder]

Yeah, that's what I like about the Enrich. There's no restrictions on where you earn or redeem your benefits. I find it a pain to keep track of which places you get your discount at and which ones you don't. It's just a flat 1% for everything everywhere.

[eliteblaze]

TD elite is also full 1%, current 2% promo. I htink I earned more than the annual fee in the past month

[chadder]

Wow, big spender .

As a student I'm too poor to worry about paying annual fees. Eventually I'd like to get something like that with the benefits of a Gold Visa as well.

[eliteblaze]

yah as a student gold is useless for hte most part.

If your parents have Gold Elite it covers you in roadside assistance until 23 years of age or something. Then you should get your own Gold card

Unless your paying your tuition or something (and have really awesome credit) obviously the 2% isn't material. But if you can pay tuition this card is godly It's a full 2% so $5000= $100, $10000=$200 etc.

So in conclusion if your starting off

A) Scotia Moneymaster, RBC Classic II

Once your semi established

A) Citi Enrich B) Citi Auto Card

Fully Established

A) CITI Plat Enrich B) Plat Auto C) TD Gold Elite D) RBC GOLD (just for fun, looks really nice at no annual fee )

[chadder]

Ya, I wish Waterloo let us pay our tuition with a credit card. I can only use bank payments though.. sucks.

[eliteblaze]

I actually odn't know of anywere that lets you pay tuition on cc but I think someone posted that alberta does or something

[chadder]

RBC GOLD (just for fun, looks really nice at no annual fee )

Haha, I actually got that VISA just cause it looks awesome. But after a few months I wanted something that actually gave me some rewards, so I switched to the Enrich.