Top Credit Cards For Travel Recommended For Students Studying Abroad In Canada 2023

Introduction

Seeking to study abroad in Canada provides an excellent opportunity to explore a new country while undertaking academic pursuits. Having access to the right financial resources can make a significant difference in managing your finances effectively while studying overseas. Travel credit cards are one of the most important finance tools for students travelling to Canada. Credit cards for travel provide not only convenience but also other perks that can save students money, establish credit, and manage their expenses more seamlessly.

While studying in Canada, you will need a proper way to make payments, whether for purchases related to accommodation, daily expenses, or travel purposes. In Canada, student credit cards provide you with flexibility, low fees and rewards, which can take a lot of the stress out of budgeting and spending in a foreign country. This blog will go over the best travel credit cards for students in Canada and explain all of the benefits this type of card can provide for students travelling abroad for their studies. From cash-back rewards to travel insurance benefits to low fees, the right travel-related Canada credit cards for travel can help make your overseas study experience smoother and lower cost, as well.

Why Students Should Have a Credit Card for Travel in Canada

Financial Flexibility: As a student, you may need some slack for surprise bills. A travel credit card enables you to buy goods overseas, meet your daily needs, and even pay for travel-related services effortlessly. This is especially critical when you're navigating life in a new country.

Currency Conversion: One of the common woes of studying abroad is dealing with foreign currency. Which credit card should you get to avoid cash and get competitive exchange rates? Discover is beneficial because a Canada credit card for travel means you won't need to continuously exchange currency or incur fees for cash withdrawals- saving you dollars!

Emergency Assistance: Studying in Canada can come with some unexpected challenges. Owning a travel credit card keeps 24/7 emergency help at your fingertips, be it for lost cards, fraud protection, or a surprise medical emergency. PMR for student credit cards Canada, that is, with customer support at your fingertips, Student Credit Cards Canada offers very efficient services. It saves you time while helping you sort things out.

Read More: Why Study in Canada? Key Benefits for International Students

Key Features to Look for in a Travel-Focused Credit Card for Students

Each student credit cards will provide you with its unique set of perks, so it is essential to choose the one that fits your financial habits and travel goals.

• Low or No Foreign Transaction Fees: Hidden fees are never popular, especially when studying abroad. Canada credit cards for travel with no or low foreign transaction fees could save you a lot of money if you plan to make purchases in multiple countries.
• Travel Rewards and Bonuses: Millions of travel credit card for students give bonus rewards like miles or cashback in making purchases. It can help you save on future travel credit cardsfor students or even get benefits such as free accommodation, discounted flights, or expenses related to travel, and these rewards can accumulate quickly.
• Security Measures: Protecting finances as a student pick a travel credit card that offers security features like EMV chips, fraud protection, and identity theft alerts. These extra measures ensure that you will be peaceful while pursuing your studies abroad.

Now that we've discussed what features to look for, it's time to examine some of the best student credit cards in Canada for travellers.

Best Travel Credit Cards for Students in Canada 

Carte Verte American Express

One excellent travel credit card available to students in Canada is the Carte Verte American Express. It not only has a massive welcome bonus but also flexible rewards points that can be used for any number of different kinds of travel perks. There's no annual fee, making it an affordable choice for students.

Key Benefits:

• 10,000 Membership Rewards points as a sign-up bonus, which can be transferred to Aeroplan or Marriott Bonvoy points.
• No annual fee.
• Purchase interest, 20.99%; cash advance interest, 21.99%

BMO Cash Back Mastercard for Students

The BMO Cash Back Mastercard is an ideal option if you're seeking a credit card that allows you to save money on everyday purchases. It earns 3% back on groceries, 1% on recurring bills and 0.5% on all other purchases. Plus, there's a $100 bonus for spending $1,000 in the first three months.

Key Benefits:

• No annual fee.
• 3% of groceries and 1% of regular, ongoing bills.
• 20.99 per cent interest on purchases and 22.99 per cent on cash advances.

CIBC Aventura Visa Card for Students

The CIBC Dividend Visa Card is an excellent student credit card for cashback and travel rewards. You'll earn cash back on groceries, gas and bills, plus a $60 bonus after you make your first purchase within the first four months of account opening (a $1 minimum). 

Key Benefits:

• 12K Aventura points for a small purchase.
• No annual fee.
• 20.99% on purchases and 21.99% on cash advances.

CIBC Dividend Visa Card for Students

Best for cashback and travel: CIBC Dividend Visa Card. If you're looking for a student credit card that is great for cashback and travel perks, the CIBC Dividend Visa Card is a great option. You can earn cash back on groceries, gas and recurring payments, plus a $60 bonus for a $1 purchase in the first four months.

Key Benefits:

• 2% cashback on groceries, 1% on gas, and 0.5% on other purchases.
• No annual fee.
• 20.99% interest on purchases and 21.99% on cash advances.

Tangerine Money-Back Credit Card

As a student looking to earn cash back on everyday purchases, the Tangerine Money-Back Credit Card is an excellent option. You can choose two categories you'll earn 2% cash back on, and it's an excellent choice for students who want flexible spending options.

Key Benefits:

• $100 statement credit after you spend $1,000 in the first three months (10% cash back), on up to $10,000 spent in the first two months.
• No annual fee.
• 19.95% on purchases and cash advances.

How to Maximize Your Travel Credit Card Benefits

Having discovered the top student credit cards Canada has to offer, let's talk about how you can make the most out of them. Here are some tips for how you can get the most out of your credit cards for travel during your time in Canada:

1. Pay on Time: Avoid paying late fees and interest charges by promptly paying your card balance.
2. Track Your Spending: Most credit cards have a mobile app where you can track your spending and ensure you're staying on budget.
3. Use Your Rewards: Remember to exchange your rewards points for travel services such as flights, hotels, and even cash back.
4. Be Smart About Foreign Transactions: Look for a card with no foreign transaction fees. That way, you'll save on currency exchanges.

Read More: Most Popular Courses in Canada for Indian Students

Conclusion

To sum up, selecting the right credit card for travel can make all the difference while you study abroad in Canada. From cashback and travel rewards to no foreign transaction fees, some fantastic student credit cards in Canada are available to you. Choose wisely and manage your money, love your stay in Canada, and even get rewarded for your travels!

FAQ

Q1: Are there any credit cards for students with no annual fees?

Ans. Yes! Many student credit cards in Canada have no annual fee, such as the BMO Cash Back Mastercard for Students, the CIBC Aventura Visa Card for Students and the Tangerine Money-Back Credit Card.

Q2: Can I earn travel rewards with a student credit card?

Ans. Absolutely! Most Canada credit cards for travel incentives points on purchases. Cards like the CIBC Aventura Visa Card, for instance, help students earn points that can be redeemed for airline flights, hotels and other travel-affiliated perks.

Q3: Do I need a high credit score to apply for a student credit card?

Ans. Only some student credit cards are for people with a credit history. You still need to apply, and you can get a credit score during your studies in Canada.

Q4: What's the best travel credit card for students in Canada?

Ans. It depends on what you need, but the best student credit cards in Canada for travel will have travel perks and rewards, including the Carte Verte American Express and CIBC Aventura Visa Card.

For more assistance please visit us study abroad consultancy, and avail of our wide range of services for students on destinations like study in USA, study in UK, study in Canada, study in Australia, study in ireland and many more country.