I want to get a student credit card. I'd be using it for everyday purchases. I also plan on going to europe for 2 months subsequent summer and would like to know which characteristics of credit card would be best for me. I've heard great things roughly speaking the points system but I don't really know how it compares to a card with dosh back. I do adjectives my banking through TD, so I'm looking at their option right now.
Here's what I've found so far: http://www.tdcanadatrust.com/tdvisa/stud...
any info or suggestions would be great.
Thanks
Answers: There's virtually no difference:
Travel points:
$1 = 2 points
$10,000 = 20,000 points = $100 within travel.
Rebate 0.5% on first $3000, then 1%:
$10,000 = $85 rebate
The rebate happen automatically. You don't have to hang about for 20,000 pts to accumulate. You don't enjoy to spend it on travel, but you can.
Go for a rebate card.
I'm fairly unshakable you cannot apply for a credit card until you are 18 years of age, I could be wrong but the other credit cards listed on their website indicate that you must be 18 years matured to apply for one.
I think the best karma you have of obtain something akin to a credit card in time for your European trip is going to be a prepaid card resembling the MoneyMart Titanium card.
http://www.mytitanium.ca/english/index.h...
As for the rest of your question, points systems are beneficial if you spent a large amount of money on your credit card, but typically unless you're spending more than $1,000 a month the rewards accumulate severely slowly.
For a student I'd recommend the PC Financial Mastercard (for which you also must be 18) as your purchases count towards groceries (and can be redeemed rightly easily and often).
What is plausible more important when you're starting out beside credit is that there is no annual charge, and if you plan on carrying ANY balance you'll want to find a lower interest rate than is standard.
Typically this will filch some shopping around to find the card that's right for you.
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Here's what I've found so far: http://www.tdcanadatrust.com/tdvisa/stud...
any info or suggestions would be great.
Thanks
Does anybody know any online stores that adopt AlertPay as a method return?
Answers: There's virtually no difference:
Travel points:
$1 = 2 points
$10,000 = 20,000 points = $100 within travel.
Rebate 0.5% on first $3000, then 1%:
$10,000 = $85 rebate
The rebate happen automatically. You don't have to hang about for 20,000 pts to accumulate. You don't enjoy to spend it on travel, but you can.
Go for a rebate card.
I'm fairly unshakable you cannot apply for a credit card until you are 18 years of age, I could be wrong but the other credit cards listed on their website indicate that you must be 18 years matured to apply for one.
I think the best karma you have of obtain something akin to a credit card in time for your European trip is going to be a prepaid card resembling the MoneyMart Titanium card.
http://www.mytitanium.ca/english/index.h...
As for the rest of your question, points systems are beneficial if you spent a large amount of money on your credit card, but typically unless you're spending more than $1,000 a month the rewards accumulate severely slowly.
For a student I'd recommend the PC Financial Mastercard (for which you also must be 18) as your purchases count towards groceries (and can be redeemed rightly easily and often).
What is plausible more important when you're starting out beside credit is that there is no annual charge, and if you plan on carrying ANY balance you'll want to find a lower interest rate than is standard.
Typically this will filch some shopping around to find the card that's right for you.
Resolved Questions: