In Canada, the use of credit cards is becoming more and more popular and convenient. At present, there are mainly VISA cards, MasterCard cards and Discover cards. The benefits of credit card are not only well-known to avoid carrying a lot of cash with you, but also to facilitate personal cash turnover and earn interest income, and it is also an important source for individuals to establish credit. In Canada, credit history is a part of personal data. When a company needs a loan to buy an industry or a car, it will first check the personal credit history to decide whether to lend. Sometimes, even when looking for a job, the recruitment company will check the applicant's past credit record as part of the evaluation of employment.

Basic introduction of credit card for studying abroad in Canada

Credit card is an essential tool for living in Canada. The types of credit cards vary widely, and you should choose according to your specific situation. There are three main credit cards: Visa, Master and AmexExpress. The credit cards of major banks in Canada are generally Visa cards. Only BMO is the Master card. Visa and Master cards are accepted by general merchants, but some, such as NoFrills, only accept Master cards. So it's best to have one of everything.

There are five local banks in Canada: TDBank, CIBC, BMO, RoyalBank and Scotiabank. There are also Bank of China, HSBC and ING.

personal bank account numbers generally include two types: CheckingAccount and SavingAccount. The checking account has no interest, and the saving account has interest. If you want to use a check, you must have a checking account. What kind of account to choose should be based on individual circumstances, mainly considering interest, service fee and convenience. In addition, all bank websites can recommend accounts according to individual circumstances. Here are some good banks to recommend to you.

1. The service charge of Bank of Montreal (BMO) is low, and the plan is simple and clear. If you apply for a student account with a student card, you can avoid using the Saving and Checking accounts. Many banks can only avoid using the CheckingAccount with a student card. If you apply for a student account, BMO will also give away SPCCard.BMO's online banking which can be discounted in hundreds of stores. BMO has an office in China, so it can open an account directly in China without bringing cash to Canada. There are many branches near the school.

2. The advantage of TD Canada Trust is that there are many branches and automatic counter machines, and the service is thoughtful and convenient. Moreover, the staff of the branch banks around Downtown can speak Mandarin. TD's online service is also the best. It can directly pay all kinds of credit cards and bills, transfer money and pay tuition fees, which is very convenient and fast. The disadvantage is that there is an upper limit on the amount of cash withdrawn from the ATM every day if the student account is not specially applied for, which is about $1. However, you can ask the bank for a higher limit.

3. The biggest advantage of RBC Royal Bank is that it can open a free Checking account with no minimum deposit limit. If the number of visits per month is very small, it can be considered. The disadvantage is that the number of automatic counter machines and branches is small and inconvenient.

A data contest of Canadian banks' credit cards from Moneysense may give you some reference. According to this data, if your monthly credit card bill is more than 2,, then choosing a different credit card will save you at least 4 yuan immediately!

this year, the first place in the category of cash return selected by moneysense is MbnarewardWorldLiteMasterCard (if the monthly consumption is more than 2,, the annual cash back will reach $428.8), and the first place in the category of tourism is WestJetRBCWorldEliteMastercard (if the monthly consumption is more than 2,, The annual cash back is $621.36), and other names on the list are RogersFirstRewardsMastercard and theTDEmeraldVisa. The following are the best credit card rankings in six specific categories.

1. Bestcash-backcards)

2 p > 2. Besttravelrewardscards)

3

3. Best-rate credit cards

4. Best purchase reward cards.

5. Beststudentcards)

6 cards

6. Bestbusinesscards)

The above is to explain "What credit card is more convenient for studying in Canada?" I hope I can help you.