Students want to get credit cards just as often as anybody else, but they are less likely to be accepted for many of them due to their limited credit history. The ideal solution in these cases is to pick a card meant specifically for students. The BMO SPC card pair fits that description, and not only does each of them come with rewards, but they will also get you access to an extremely helpful savings program on top of that.
Get More Cash In Your Pocket With the BMO SPC Cash Back MasterCard
Cash back reward programs are among the most universally useful there are, and students in particular could always use a few extra dollars. This card can help you out in that respect. Because of the introductory offer that BMO is running right now, you’ll start off with an amazing reward rate of 5% cash back on all your purchases, regardless of what you choose to buy. This rate will apply for 3 months or until you hit $2,000 in spending, whichever comes first. Once you’ve enjoyed those 3 months of boosted rates, you’ll drop down to the standard earnings rate of 1% cash back, which is still fairly impressive for a card that is free and so easy to get. You’ll probably never rack up hundreds of dollars in rewards this way, but you should be able to get yourself a few extra pizzas each year. Getting small treats like this for free is something anyone can be happy about.
Enjoy Travelling? Choose the BMO SPC Air Miles Card Instead
Although cash back is generally the more well-liked option among rewards programs, some people still prefer good old-fashioned travel programs over them. Those people will be happy to hear that there is an Air Miles card in the BMO SPC card range. Using this card will net you 1 Air Mile for every $20 in spending; that might not sound like much, but Air Miles have excellent value and you won’t need many to get yourself a full free flight. You can also earn double the Miles you would usually get by shopping at Air Miles partner retailers. Further to that, you can start yourself off with 800 Miles from the welcome offer if you spend at least $1,000 in your first 3 months. You’re sure to be impressed at how quickly your rewards add up, and it won’t take long before you can put your Miles toward some significant discounts on flights.
A BMO SPC Card Is Worth It For the Membership Alone
Both of these cards have decent enough reward systems, but those systems and the rates at which the rewards accrue are comparable to any number of similar cards out there. What sets these cards apart is the complementary SPC membership that is bundled in with them. SPC stands for Student Price Card, and holding one entitles you to signficant discounts at many major food, apparel and other retailers. You can get a membership card for this program all on its own, but you would usually have to pay $10 to do it. Getting one of these two cards lets you snag one for free, and using the credit card when you make your discounted purchases will net you some great rewards as well. Opting to get one as part of a credit card deal is clearly the way to go, and these are the only two cards around that offer this side benefit.
Get Your BMO SPC Card Now
By now, you may be ready to take the next steps needed to secure a BMO SPC card for yourself. You can do everything required for that process online through Bonsai Finance’s secure and comprehensive web portal. You will need to be able to prove that you are a current student to apply, but as long as you can do that, you could be on your way to having one of these excellent credit cards in your hand in just minutes.