I am totally getting back into student mode! I just read the first of my books for school last night and started another (which is not going well). I am also in full student deal mode and found some offers from BMO that I never knew existed! BMO has two no-annual-fee credit cards for students that give back rewards. Both also act as an SPC Card (student price card which you usually buy for $10) so you get the added discounts and bonuses associated with those as well.
The first card is the BMO SPC AIR MILES MasterCard where you earn air miles on your purchases. Here are the rewards:
- 500 Bonus reward miles (limited time offer) - Apply by August 31st and spend $200 by October 31st, 2013
- One AIR MILES reward mile for every $20 you spend on the card
- SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of stores
- Earn 1.25x reward miles at Shell locations in Canada
- Earn 1.5x reward miles and get up to 25% off rentals at National Car Rental & Alamo Rent A Car locations worldwide
All that with no annual fee. If you go to school away from home and travel back for the breaks, it might be a good idea to get some extra air miles with this card.
The second card is the BMO SPC CashBack MasterCard which tends to be my favourite. I love cash back! Here are the rewards:
- An annual rebate to your credit card: $1 cash back for every $200 spent on your card (= 0.5% cashback rate)
- SPC (Student Price Card Ltd.) discounts of 10% to 15% at hundreds of stores
- Earn 1.25x reward miles at Shell locations in Canada
- Earn 1.5x reward miles and get up to 25% off rentals at National Car Rental& Alamo Rent A Car locations worldwide
Again, this credit card is a no-annual-fee card. I am currently on a cash rebate system with a different credit card company and it has been my favourite so far.
I like their little comparison charts at the bottom. It shows you how much you will earn in either air miles or cash-back depending on what you spend a month. For example, if you spend around $1000 a month you can either get 1,100 air miles in a year or $60 back a year.
(Expiry: Unknown)
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