1.Scotiabank Passport Visa Infinite Card
Scotiabank
- 5%Cash back on all purchases for the first 3 months (up to CA$2,000 in total purchases)
- 1%Cash back on all other purchases
Earn CA$100 in travel rewards (10,000 bonus Scene+ points) when you spend CA$40,000 annually on your Account.
Earn 5% cash back on all purchases for the first 3 months (up to CA$2,000 in total purchases).
20.99%
22.99%
The Scotiabank Passport Visa Infinite Card stands out as the top choice because it offers a generous cash back rate during the initial months, making it ideal for newcomers looking to maximize their rewards quickly.
Pros:
- High cash back rate for the first 3 months
- No monthly fee banking for a year
Cons:
- Annual fee applies after the first year
- High spending requirement for bonus
2.Scotia Momentum No-Fee Visa Card
Scotiabank
- 2%Cash back on groceries and recurring bills
- 1%Cash back on all other purchases
N/A
Earn 2% cash back on groceries and recurring bills, and 1% on all other purchases.
19.99%
22.99%
What sets the Scotia Momentum No-Fee Visa Card apart is its straightforward cash back structure, making it a solid choice for those who want to earn rewards without the burden of an annual fee.
Pros:
- No annual fee
- Good cash back on essential spending
Cons:
- Lower rewards on non-grocery purchases
- Limited welcome bonus
- 2%Cash back on groceries
- 1%Cash back on everyday purchases
Earn up to 12% cash back for the first three months.
Earn up to 2% cash back on groceries and 1% on everyday purchases.
20.99%
22.99%
The RBC Cash Back Mastercard shines for its high cash back rate on groceries, making it an excellent option for newcomers who prioritize everyday spending rewards.
Pros:
- No annual fee
- High cash back rate for groceries
Cons:
- Limited to specific categories
- Higher interest rates
Did you know?
A no-fee credit card can beat a premium card if you do not use the extras. Match the card to your spend before chasing a bonus.
Final Words
As you explore the best starter credit cards with no credit history this September, remember that choosing the right card can significantly impact your financial journey. Take time to compare your options carefully and select a card that aligns with your spending habits and goals, ensuring you make informed decisions for your future.
Frequently Asked Questions
The Scotiabank Passport Visa Infinite Card offers a welcome bonus of CA$100 in travel rewards (10,000 bonus Scene+ points) when you spend CA$40,000 annually on your Account. You can earn 5% cash back on all purchases for the first 3 months (up to CA$2,000 in total purchases) and 1% on all other purchases.
No, the Scotia Momentum No-Fee Visa Card has an annual fee of CA$0, making it a cost-effective option for those looking to earn cash back. This card allows users to earn 2% cash back on groceries and recurring bills, and 1% on all other purchases.
With the RBC Cash Back Mastercard, you can earn up to 12% cash back for the first three months. After that, you earn up to 2% cash back on groceries and 1% on everyday purchases, with no annual fee.
To apply for a credit card with no credit history, look for cards specifically designed for newcomers or those without established credit. Many banks, like Scotiabank, offer programs that allow you to apply for rewards and cash back cards without a prior Canadian credit history.
When selecting a starter credit card, consider factors such as annual fees, reward rates, welcome bonuses, and your spending habits. Look for cards that fit your lifestyle, especially those that offer higher rewards on categories you spend the most on.
Starter credit cards may have higher interest rates compared to conventional cards as they cater to individuals with little or no credit history. It's essential to pay off your balance in full each month to avoid interest charges and build your credit score effectively.
Cashback credit cards typically offer rewards based on a percentage of your spending, with common rates ranging from 1% to 5%. Some cards may provide higher cash back on specific categories like groceries, dining, or gas, so evaluate your spending habits to choose the right card.
