The Best Credit Cards For Young Adults in Canada (2024)

Last Updated on

Written by Enoch Omololu

Snappy Rates is reader-supported. This means if you click on some of our links, we may earn a commission. This does not affect the objectivity of our evaluations. Read our disclosure.

So you’re in your 20s and looking forward to having your own credit card as a young adult. And you are cautious because the credit card landscape is a vast space that can be very difficult to understand.

In this article, we will examine the 15 best credit cards for young adults in Canada.

Best First Credit Cards For Young Adults

When it comes to choosing your first credit card, it’s important to consider cards that are beginner-friendly and offer features tailored to young adults.

On the lists below are the best credit cards to build credit on for college students and 18-year-olds with no credit history.

1. Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

Rewards: Earn 2% unlimited cash back in up to 3 categories of your choice plus 0.50% on all other purchases.

Welcome offer: Get an additional 10% cash back after spending $1,000 in the first 2 months ($100 value).

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Annual fee: $0

Recommended credit score:
600
900

Fair to Excellent

tangerinemoneyback-cc-img

On Tangerine’s website

  • Earn 2% unlimited cash back on 2 categories of your choice, including groceries, restaurants, entertainment, and recurring bill payments.
  • Unlock an additional 2% cash back category when you deposit your money back into a Tangerine Savings Account.
  • Earn 0.5% unlimited cash back on all other purchases.
  • Cash back is earned automatically on everyday purchases and paid monthly.
  • 1.95% promotional balance transfer interest rate for 6 months.
  • Purchase assurance and extended warranty are included.
  • Track and categorize your spending with the Tangerine mobile app.
  • To qualify, you must make a minimum of $12,000 per year.

Earn unlimited 2% cash back in up to 3 categories

No annual fee

1.95% balance transfer interest rate for 6 months

No travel benefits or insurance

No physical bank branches as it is an online-only bank

The Tangerine Money-Back Credit Card has no annual fees and earns you 2% cash back on up to 3 categories. You choose the categories in which you spend the most to maximize your rewards.

The Tangerine Money-Back Credit Card is a handy no-annual-fee credit card that enables young adults to earn cash back on daily spending. Its other features include:

  • 2% cash back on three categories of your choice (groceries, gas, and recurring bills)
  • 0.5% cash back on all other purchases
  • Access to purchase protection and extended warranty insurance coverage
  • Easy to apply for and get approved

Related: Tangerine Money-Back Credit Card guide.

2. Neo Card

Neo Financial Mastercard

Rewards: Earn up to 15% cash back at Neo partners and never fall below 0.5% average cash back.

Welcome offer: Get an extra 15% cash back on your first purchases at many Neo partners.

Interest rates: 19.99% to 26.99% for purchases, 22.99% to 28.99% for cash advances.

Annual fee: $0

Recommended credit score:
600
900

Fair to Excellent

neosecuredmastercard cc-img

On Neo’s website

  • Earn up to 15% cash back on your first purchases at many Neo partners.
  • Get an average of 5% instant cash back at over 8,000 Neo partners.
  • Never fall below 0.5% average cash back – if you do, Neo will top it up.
  • Cash back is instantly rewarded.
  • Use the Neo app to view cash back offers near you and view insights on your spending.
  • Instantly use the digital Neo card after signing up.
  • Optionally subscribe to Bundles for more cash back on certain spending categories.
  • No annual fees or income requirements.

No annual fee or income requirements

Earn up to 15% cash back

Neo mobile app shows you cash back offers near you

Only earn 15% cash back once at each Neo partner

You need to subscribe to Neo Bundles for more cash back

No insurance coverage

The Neo Card is an all-in-one cash back credit card and mobile app that earns you cash back on all purchases. Shop at Neo partners and earn up to 15% cash back, rewarded instantly.

Neo offers a digital-first credit card experience with no annual fee, competitive interest rates, and features like automated savings tools and spending insights. Other benefits include:

  • 5% cash back on all purchases at 10,000+ affiliated partners
  • Keep tabs on your spending habits via Neo Insights
  • Easy approval via Neo Secure Credit
  • Chosen as one of the best credit cards to build credit by Forbes magazine

3. Scotiabank Scene+ Visa Card for Students

Scotiabank Scene+ Visa Card

Rewards: Earn 2x Scene+ points on groceries and Cineplex purchases. Earn 1 Scene+ point on everything else.

Welcome offer: Earn up to 7,500 bonus Scene+ points within the first year.

Interest rates: 19.99% for purchases 22.99% for cash advances.

Annual fee: $0

Recommended credit score:
660
900

Good to Excellent

Scotiabank Scene+ Visa Card

On Scotiabank’s website

  • Earn 2 Scene+ points for every $1 spent at participating grocery stores, including Sobey’s, Safeway, Foodland, and FreshCo.
  • Earn 2 Scene+ points for every $1 spent at Cineplex theatres or at Cineplex.com.
  • Earn 1 Scene+ point for every $1 spent on everything else.
  • Redeem Scene+ points for movie tickets, groceries, dining, entertainment, statement credits, and more.
  • Save up to 25% on car rentals at participating Avis and Budget locations across Canada and the US.
  • No minimum income is required.

No earn caps on the 2x Scene+ points categories

Flexible redemption options

No minimum income required

No insurance coverage

You can only earn up to 2x points

The Scotiabank Scene+ Visa Card is a great entry-level card that earns you up to 2 Scene+ points for every dollar spent. Rewards options are flexible, as you can redeem points on almost anything.

Designed for students, this card offers rewards in the form of Scene points, which can be redeemed for movie tickets, discounts, and exclusive experiences. Other features include:

  • No annual fee
  • 2x Scene points per dollar spent on grocery and movie purchases from eligible merchants
  • 1 Scene point per dollar for anything else
  • Easy to apply for and get approved as it is geared toward students

See this review for more information.

4. Simplii Financial Cash Back Visa Card

Simplii Financial Cash Back Visa Card

Rewards: Earn up to 4% cash back on purchases.

Welcome offer: Get 10% bonus cash back at restaurants and bars (up to $500) for the first 4 months. Plus, get a 9.99% interest rate on purchases for 6 months.

Interest rates: 19.99% for purchases, 22.99% for cash advances.

Annual fee: $0

Recommended credit score:
660
900

Good to Very Good

Simplii Financial Cash Back Visa Card

On Simplii’s website

  • Earn 4% cash back on restaurant, bar, and coffee shop purchases (up to $5,000 yearly).
  • Earn 1.5% cash back on gas, grocery, and drugstore purchases and pre-authorized payments (up to $15,000 yearly).
  • Earn 0.5% cash back on everything else without limits.
  • Cash back is accumulated monthly and automatically redeemed as a statement credit in December.
  • Introductory 9.99% interest rate on purchases for 6 months.
  • Earn $50 for each successful referral.
  • Send money abroad for free with a Simplii Financial Global Money Transfer.
  • Purchase security and extended protection insurance are included.
  • A minimum household income of $15,000 is required to apply.

Earn up to 4% cash back on categories you spend most in

9.99% purchase interest rate for 6 months

Generous referral program

Spending limits on the 4% and 1.5% cash back categories

No insurance benefits

Cash back is only redeemed once per year

The Simplii Financial Cash Back Visa Card is a no-fee credit card that earns you up to 4% cash back on everyday purchases. It is great for those with a balance as it has a low 9.99% interest rate on purchases for the first 6 months.

With no annual fee and a simple cash-back structure, this card is an excellent option for young adults who want to earn cash back on their everyday spending. Other benefits include:

  • Up to 20% cash back on gas, drugstores, and groceries
  • Enroll up to 3 supplementary cardholders and get cash back faster
  • Easy to apply for and get approved

5. Scotia Momentum Visa Card

Scotia Momentum Visa Card

Rewards: Earn up to 2% cash back on groceries, drugstores, gas stations, and recurring bill payments, and 1% cash back on everything else.

Welcome offer: Get a 0% introductory balance transfer interest rate for the first 6 months.

Interest rates: 19.99% for purchases, 22.99% for cash advances.

Annual fee: $39

Recommended credit score:
660
900

Good to Very Good

Scotia Momentum Visa Card

On Scotiabank’s website

  • Earn 2% cash back on groceries, drugstores, gas stations, and recurring bill payments (on the first $25,000 annually).
  • Earn unlimited 1% cash back on everything else.
  • $500 minimum credit limit.
  • Save up to 25% off base rates at participating Avis and Budget car rental locations in Canada and the US.
  • Purchase security and extended warranty protection are included.
  • $12,000 minimum income requirement to qualify.

Earn unlimited 1% cash back on most purchases

Savings up to 25% off at Avis and Budget locations

Purchase security and extended warranty protection

$25,000 annual spend cap for the 2% cash back category

No travel insurance or benefits

$12,000 minimum income requirement

The Scotia Momentum Visa Card is great for those who spend a lot on groceries, gas, or drugstore purchases, as you can earn up to 2% cash back in those categories and 1% cash back on everything else.

This card is suitable for young adults who want to earn cash back on their everyday purchases, with higher cash-back rates on categories such as groceries and recurring bills. Other features include:

  • Annual fee of $39
  • 2% cash back on fuel, pharmacy, grocery, and recurring bills
  • 2% cash back on groceries
  • 1% cash back on all other purchases
  • Save 25% on car rentals at participating Avis and Budget locations

Discover more about Scotia Momentum Visa Card.

6. BMO CashBack Mastercard for Students

BMO Air Miles Mastercard

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.

Welcome offer: Get 800 bonus Air Miles plus a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.

Interest rates: 20.99% for purchases, 22.99% for cash advances.

Annual fee: $0

Recommended credit score:
660
900

Good to Excellent

BMO Air Miles Mastercard

On BMO’s website

  • Earn 3x Air Miles for every $25 spent at participating Air Miles partners.
  • Earn 2x Air Miles for every $25 spent on groceries (up to $500 monthly).
  • Earn Air Miles twice at participating partners when you show your Air Miles card in addition to this one.
  • Instantly use your Air Miles towards travel or at participating Cash Reward partners.
  • Extended warranty and purchase protection insurance are included.
  • Save up to 25% on car rentals at Alamo and National car rental locations.
  • Get 15% to 20% off Cirque du Soliel shows touring Canada and Las Vegas.

No annual fee

Earn an accelerated amount of Air Miles on groceries

0.99% introductory balance transfer interest rate

You don’t earn Air Miles on everyday purchases; only groceries

$500 monthly spend cap for earning 2x Air Miles on groceries

No travel benefits or insurance included

The BMO Air Miles Mastercard is for those who want to get rewarded for their grocery shopping with Air Miles, as you earn 2 Air Miles for every $25 spent. For no annual fee, you can shop, save up the Miles, and redeem them at any time for travel or cash rewards.

Aimed at students, this card offers cash-back rewards and the opportunity to build a credit history. Other benefits include:

  • No Annual fee
  • 3% cash back on groceries
  • 1% cash back on recurring bill payments and 0.5% cash back on all other purchases
  • Add a supplementary card for free

7. KOHO Prepaid Mastercard

KOHO Prepaid Mastercard

Rewards: Earn 1% cash back on all grocery and gas purchases and up to 5% cash back at KOHO partners.

Welcome offer: NA.

Interest rates: N/A

Annual fee: $0*

Recommended credit score:
None

N/A

kohoprepaidcard-img3

On KOHO’s website

  • Earn 1% unlimited cash back on grocery purchases and bill payments.
  • Get up to 5% cash back at select KOHO partners.
  • Earn 0.50% interest on your spending and savings account balance.
  • Build your credit history for an optional $10 per month.
  • No annual fee and no minimum balance.
  • Free, unlimited Interac e-Transfers.
  • No fees for ATM cash withdrawals in Canada (no KOHO fees).
  • Use the KOHO app to view your balance, cash back offers, and more.

Earn unlimited cash back on all purchases

Earn 0.5% interest on your balance

No annual fee and no minimum balance

Interest is capped at 0.5%

No insurance coverage

The KOHO Prepaid Mastercard rewards your everyday grocery spending with unlimited 1% cash back and up to 5% cash back at KOHO partners. There is no annual fee, no minimum balance, and you can send and receive free, unlimited Interac e-Transfers.

KOHO is a no-fee spending and savings account for all Canadians. Budget, spend, and save like a pro with our prepaid MasterCard® and mobile app.

  • 1% cash back on groceries or transportation
  • Option to waive foreign transaction fees
  • Earn interest on your savings as well as your spending account
  • Chosen as one of the best credit cards to build credit by Forbes magazine

Related: Check out these KOHO Prepaid Cards.

8. American Express Green Card

American Express Green Card

Rewards: Earn 1 point for every $1 spent, plus 1 additional point on Amex Travel Online.

Welcome offer: Earn 10,000 Membership Rewards points after spending $1,000 within the first 3 months.

Interest rates: 20.99% for purchases, 21.99% for cash advances.

Annual fee: $0

Recommended credit score:
660
900

Good to Excellent

American Express Green Card

On American Express’s website

  • Earn 1 Membership Rewards point for every $1 spent with no limits.
  • Earn 1 additional point on travel bookings through Amex Travel Online.
  • Transfer points 1:1 to several frequent flyer or loyalty programs.
  • Redeem points for travel, Amazon.ca purchases, gift cards, merchandise, and more.
  • Access American Express Experiences, like Front of the Line presales and reserved tickets.
  • Buyer’s assurance and purchase protection plans are included.
  • Book travel with Amex Travel Online to get exclusive deals.
  • No minimum income is required to apply.

No limits on how many points you can earn

Flexible points redemption and transfer options

No annual fee

You can only earn 1 point for every $1 spent

No travel benefits or insurance

The American Express Green Card is a great no-annual-fee credit card that earns you a flat rate of 1 point per dollar spent on all purchases with no limits. You can flexibly redeem your points for travel, merchandise, statement credits, and more.

American Express Green Card provides young adults with premium lifestyle benefits like the American Express Experiences program. Other features include:

  • No annual fee
  • 1x Membership Rewards for every $1 spent on eligible purchase
  • Enjoy deals at select hotel and car rental bookings via American Express Travel Online

9. PC Financial World Elite Mastercard

PC Financial World Elite Mastercard

Rewards: Earn up to 45 PC Optimum points for every $1 spent.

Welcome offer: None

Interest rates: 20.97% for purchases, 22.97% for cash advances.

Annual fee: $0

Recommended credit score:
660
900

Good to Excellent

PC Financial World Elite Mastercard

On PC Financial’s website

  • Earn 45 PC Optimum points per $1 spent at Shoppers Drug Mart.
  • Earn 30 points per $1 spent at PC grocery stores, including No Frills, Loblaws, and Valu-Mart.
  • Earn at least 30 points per litre at Esso Mobil gas stations.
  • Earn 30 points per $1 spent at PC Travel.
  • Earn 10 points per $1 spent everywhere else.
  • Redeem 10,000 PC Optimum points for $10 off groceries and products at participating stores.
  • $1 million travel emergency medical insurance is included.
  • Car rental collision/loss damage waiver insurance is included.
  • Get identity theft assistance for free from legal experts.
  • Purchase assurance and extended warranty insurance are included.
  • Get access to a 24/7 concierge service to help plan events and travel.
  • A minimum of $80,000 personal or $150,000 household income is required to be eligible.

No cap on the number of points you can earn

Travel emergency medical insurance included

Identity theft insurance included

High annual income requirement

Only one type of travel insurance included

Points can only be redeemed on purchases at PC stores

The PC Financial World Elite Mastercard has no annual fees, yet a high earn rate of PC Optimum points on everyday purchases. A few travel benefits, like $1 million travel emergency medical insurance and identity theft assistance, are included.

With no annual fee and PC Optimum points on every purchase, this card is ideal for young adults who frequently shop at Loblaws-owned stores and want to maximize their rewards. Other features include:

  • 30 reward points per $1 spent  at Loblaws and affiliated stores
  • 45 reward points  per $1 spent at Shoppers Drug Mart
  • 10 reward points per $1 spent everywhere else
  • Requires good to excellent credit score

Each of these credit cards has its own set of benefits and features. Check them out based on your spending habits, financial goals, and preferences to choose the one that aligns with your needs.

Best Credit Cards For Young Adults Who Travel

For young adults who love to explore new destinations, there are credit cards that offer travel-related perks and rewards. Here are some of the top choices:

10. RBC ION+ Visa Card

RBC ION+ Visa

Annual fee: $48

Welcome offer: Get 7,000 bonus Avion points following approval.

Rewards: Earn 3x Avion points per $1 spent on groceries, rides, gas, streaming, subscriptions, digital gaming, and EV charging; 1 Avion point for every $1 spent on all other purchases.

Interest rates: 19.99% on purchases and 22.99% on cash advances.

Minimum income requirement: None

rbcionplusvisa-art
APPLY NOW

On RBC’s website

  • Earn 3 Avion points for every dollar you spend on groceries, rideshare, daily public transit, gas, streaming, subscriptions, and digital gaming.
  • Earn 1 Avion point for every dollar you spend on all other qualifying purchases.
  • Save 3¢/L on fuel purchased at Petro-Canada when you link your credit card to your Petro-Canada Card.
  • Redeem your points for air travel, gift cards, merchandise, statement credits, dining, etc. The minimum redemption is only $10.
  • Get a 3-month complimentary DashPass subscription, valued at almost $30.
  • Offers mobile device insurance and optional travel insurance coverage.
  • Includes Purchase Security and Extended Warranty Insurance.

Competitive purchase APR at 19.99%

Attractive point redemption options

No minimum income threshold

Limited insurance benefits

The conversion rate for points is not as enticing

The RBC ION+ Visa is a step up from the RBC ION Visa, with double the points on specific purchases. It is an excellent choice for students or newcomers looking to get approved for their first credit card in Canada.

RBC ION+ Visa Card offers a generous welcome bonus, accelerated rewards on dining and entertainment, and extended warranty coverage. Other features include:

  • Annual fee of $48
  • 3x Avion Points for every $1 spent on grocery, gas, and streaming subscriptions
  • 1x Avion points on all other eligible purchases
  • Requires good to excellent credit

11. American Express Cobalt Card

American Express Cobalt Card

Rewards: Earn up to 5x Membership Rewards points on purchases.

Interest rates: 20.99% for purchases, 21.99% for cash advances.

Annual fee: $155.88 ($12.99 paid monthly)

Recommended credit score:
660
900

Good to Excellent

American Express Cobalt Card

On American Express’ website

  • Earn 5x the points on eligible restaurants and food delivery in Canada (up to $30,000 annually).
  • Earn 3x the points on streaming subscriptions in Canada.
  • Earn 2x the points on travel and transit purchases.
  • Earn 1x points on all other purchases.
  • Earn 1 additional point on eligible car rental and hotel bookings through Amex Travel Online.
  • Membership Rewards points can be redeemed for travel, merchandise, Amazon.ca purchases, gift cards, or statement credits.
  • You can optionally transfer your points 1:1 to several frequent flyer and loyalty programs.
  • New mobile device insurance is included.
  • Receive regular perks with the Cobalt Perks program.
  • Get one $100 USD hotel credit to use plus a one-category room upgrade when staying at eligible hotels.
  • Out-of-province/country emergency medical, flight delay, baggage delay, hotel burglary, lost or stolen baggage, car rental theft and damage, and $250,000 travel accident insurance are included.
  • Shop confidently with buyer’s assurance and purchase protection plans.
  • Stay connected with American Express Front of the Line presales and reserved tickets, as well as American Express Experiences.
  • No minimum income requirement.

High rewards rate on food and streaming subscriptions

Redeem your points for almost anything or transfer 1:1

Various travel insurance and shopping coverage included

$12.99 monthly fee

$30,000 annual spend cap on the 5x earn category

American Express isn’t accepted at some retailers

The American Express Cobalt Card offers high earn rates on restaurants, food delivery, and select streaming subscriptions in Canada. Points can be redeemed for almost anything, and it includes comprehensive travel and shopping coverage as well as a $100 USD annual hotel credit.

Designed for frequent travellers and food enthusiasts, this card provides flexible reward points that can be redeemed for travel, dining, and more.

  • Annual fee of $155.88
  • 5x reward points on groceries and restaurants
  • 2x reward points on travel and transit
  • 1x points on all other purchases
  • Requires good to excellent credit

12. RBC Avion Visa Platinum

With this card, young adults can earn RBC Rewards points that can be redeemed for flights, hotel stays, and other travel-related expenses. Other features include:

  • Annual fee of $120
  • 1x Avion points per $1 spent on eligible purchases
  • Comprehensive insurance coverage that covers trip interruption or hotel burglary
  • Flexibility to choose flights from any airline and at any timing

13. CIBC Aeroplan Visa Card for Students

CIBC Aeroplan Visa Card allows students to earn Aeroplan points, which can be redeemed for flights, hotel stays, and merchandise. Other features are:

  • No annual fee
  • 2x Aeroplan points per $1 at over 150 affiliated partner merchants
  • 1 Aeroplan point per $1 spent on gas, grocery, and Air Canada bookings
  • No minimum income requirement

14. Student BMO AIR MILES Mastercard

Fashioned for students, this card offers AIR MILES reward on every purchase, helping young adults save on flights and other rewards. Other benefits include:

  • No annual fee
  • Earn 3x Air  Miles per $25 spent at participating Air Miles partners
  • Earn 2x the Air Miles per $25 spent at any qualified grocery stores
  • Student cards are usually easier to apply for than other credit card types

15. RBC WestJet Mastercard

This card is ideal for young adults who frequently fly with WestJet. It offers WestJet dollars, companion vouchers, and travel insurance coverage. Other features are:

  • Annual fee of $39, Supplement card fee of $19
  • For $199, you may earn a yearly round-trip companion voucher
  • Earn 1% WestJet dollars for every eligible purchases
  • Earn 50 Be Well points for every $1 spent on eligible products at Rexall

When choosing a travel credit card, consider factors such as annual fees, rewards programs, welcome bonuses, travel benefits, and foreign transaction fees. Assess your travel needs and preferences to select the card that matches your lifestyle.

How to Choose a Credit Card For Young Adults

In selecting a card that aligns with your lifestyle and financial objectives, you have to go through a variety of choices.

But by knowing the important elements to consider, like earning rewards, establishing your credit, or getting financial flexibility, you’ll be enlightened to make the best choice. As a young adult, the following are factors to keep in mind when selecting a credit card:

  • Credit Score: If you’re just starting to build credit, look for cards that are accessible to individuals with limited or no credit history.
  • Rewards Programs: Assess the rewards programs offered by different cards. Determine if you prefer cash back, travel rewards, or other perks that align with your spending habits.
  • Annual Fees: While some credit cards charge an annual fee, others do not. Consider the value of the rewards and benefits offered by the card to decide if the annual fee is worth it.
  • Interest Rates: Pay attention to the interest rates charged on the card. If you plan to carry a balance, look for cards with lower interest rates.
  • Additional Benefits: Evaluate the additional benefits offered by the card, such as travel insurance, purchase protection, extended warranty, and concierge services.

As can be seen from the above points, there are several key factors to consider when choosing the right credit card as a young adult. Navigating the variety of options requires careful consideration.

Also, your choice should coincide with your financial objectives. Remember that everyone’s needs are different. Take the necessary time to check out different credit cards so that you can find the one that fits your spending habits and goals.

Embarking on your financial journey with confidence requires a well-informed choice to use your credit card as a valuable tool for building credit and maximizing rewards.

Pros and Cons of Credit Cards For Young Adults

There’s no question that young adults can benefit from credit cards as they offer valuable tools, including the chance to build credit, security, and convenience. Rewards programs, fraud protection, and emergency funds further enhance their value.

Despite their advantages, it’s important to exercise caution and be aware of potential downsides. Managing accumulated debt, high-interest rates, fees, and the temptation to overspend are concerns that need responsible handling.

Here are some of the pros and cons of having a credit card:

Pros:

  • Convenient and secure way to make purchases
  • Opportunity to build a credit history
  • Access to rewards programs and benefits
  • Emergency funds in case of unexpected expenses
  • Protection against fraud and unauthorized transactions

Cons:

  • Risk of accumulating debt if not used responsibly
  • High-interest rates on outstanding balances
  • Potential fees, such as annual fees and late payment fees
  • Temptation to overspend and impulse buying lead to debt

A careful approach, prompt balance payments, and strict expense monitoring allow young adults to enjoy the benefits without losing what a credit card has to offer. 

Financial success requires a proper foundation, which can be established through the responsible use of credit cards.

Always remember that this important habit also affects personal goals and long-term aspirations.

FAQs

Is it hard to get a credit card in Canada?

Obtaining a credit card in Canada depends on various factors, such as credit history, income, and age. Individuals with limited credit histories may find it easier to get starter credit cards designed for young adults and students.

Can foreigners get credit cards in Canada?

Yes, foreigners can apply for credit cards in Canada. However, they may need to meet specific requirements, such as having a Canadian bank account or a valid Canadian address.

How much is the credit card limit in Canada?

The credit card limit in Canada varies based on the individual’s creditworthiness and the specific card issuer. Limits can range from a few hundred dollars to several thousand dollars or more.

Related: Overdraft Protection and How Does It Work

Bonuses & Deals for June

Free prepaid card with up to 5% cashback. No credit check & $20 bonus when you deposit $50 and complete first purchase.

Unlimited transactions with free chequing account and $400 welcome bonus!

No current offers for this category.

Subscribe to our Newsletter!

Subscribe to get the latest personal finance news, offers, and our weekly newsletter. You can unsubscribe at any time.

Gravatar for Enoch Omololu

Enoch Omololu

Enoch Omololu is a personal finance expert. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. Enoch is passionate about helping others win with their finances and has written about money matters for over a decade. He has been featured or quoted in The Globe and Mail, CBC News, Yahoo Finance, GO Banking Rates, Financial Post, Bankrate, Forbes, Toronto Star, CTV News, and other personal finance publications. He founded Savvy New Canadians, one of Canada’s top financial education platforms.

Leave a comment

Hello there
  • Best free chequing account offer in Canada!
  • Get a $400 welcome bonus*
  • Unlimited free transactions and no monthly fees.
  • Unlimited free debits & e-Transfers
*Terms and conditions apply. Limited time offer.
  • Best free chequing account offer in Canada!
  • Get a $400 welcome bonus*
  • Unlimited free transactions & no monthly fees.
  • Earn internet on your balance.
*Terms and conditions apply. Limited time offer.