Your student banking offer

Eligibility criteria

Minimum age: Age of majority in the province or territory where you live 

Legal status: Canadian resident

Visit the branch once a year to update your file. Show two pieces of ID, proof of full-time student status and your most recent transcript.

Cashback of 1%

Subject to credit approval by National Bank of Canada.  The cashback granted is 1% on restaurant purchases and on recurring pre-authorized payments when you use recurring automatic transfers with your mycredit account. The cashback of 0.5% applies to all other eligible purchases during a billing cycle. The account must be in good standing when the cashback is awarded. Your account is in good standing when you comply with the obligations of your cardholder agreement (e.g., making your minimum payment by the due date). These eligible automatic transfers are defined as regular payments automatically withdrawn by a merchant on your credit card. Balance transfers, cash advances and fees resulting from the use of the card are excluded from the cashback calculation. For conditions and restrictions that apply to cashback rewards, refer to the Cashback Program [PDF].

Grace period

Balance transfers and cash advances

Subject to credit approval by National Bank. Each balance transfer must be at least $250.

Mobile protection

Subject to the mobile device’s purchase with the card or mobile plan settled by recurring pre-authorized payments from your mycredit account.

Eligibility criteria

You must meet the following criteria:

• Be a full-time or part-time, post-secondary student
  
• Be a Canadian citizen or a permanent resident 
  

Visit the branch once a year to update your file. Show two pieces of ID, proof of full-time student status and your most recent transcript.

Subject to credit approval by National Bank.

Interest rate on the student line of credit

- You asked: “How do I save for my studies?” 

♪♪ 

I’ll explain faster than I can make a 3-cheese pizza. 

- Oh... we only have one. 

- Fine, a 1-cheese pizza. 

Getting a good education is a big deal, but it also comes with big expenses. 

Tuition fees 

Books 

Cellphone and laptop 

Transportation 

Are you going to live at home or on campus? 

And what are you going to eat? 

Because I don’t suggest an all-ramen diet. 

- Hey! I’m making a pizza over here. 

- Right. 

A lot of people ask themselves how they’re going to pay for all that. 

Ask your parents if they’ve put any money aside in a college fund. 

If not, they might lend you a hand anyway. 

Cause you’re a good kid! 

Another option: 

The government offers financial aid to students. 

Also known as loans and bursaries. 

The loans come at a very low interest rate, that you repay after your studies. 

Bursaries don’t need to be repaid at all. 

A student line of credit can be flexible. 

- Like mozzarella! 

- Right. You start with a pre-determined line of credit, at a rate substantially lower than a credit card, that’s recalculated every year. 

You determine how much you borrow and the rate at which you’ll pay it back. 

But remember, you’re responsible for your monthly interest payments and you’ll have to start repaying the credit line 12 months after you graduate. 

Pi-pi-pizza 

Finally, my 3-cheese pizza. 

- You got delivery? 

- You don’t have an oven. 

- Oh, yeah.