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Best credit cards for teachers in 2021

Cash back rewards, low fees and other perks can help you save on classroom expenses.

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Elementary school teacher in a classroom with kids

Tired of being out-of-pocket for classroom supplies and teaching aides? A credit card that lets you earn back some of what you spend can really help. In this guide, we’ll cover the best credit cards for teachers — these offer discounts at big stores, cash back, rewards points or attractie signup offers.

Best credit cards for teachers

Best for cashback with no annual fee: BMO CashBack Mastercard

19.99%
Purchase Interest Rate
$0
Annual Fee
Good
Min. Recommended Credit Score
The BMO CashBack Mastercard makes switching credit cards convenient with a low interest rate on balance transfers as well as a promotional cash back rate. Get 5% cash back on all eligible purchases in the first three months of card membership (up to a maximum spend of $2,000, after which standard cash back rates apply).
Annual Fee $0
Min. Credit Score Good
Purchase Interest Rate 19.99%
Cash Advance Rate 22.99%
Interest Free Period Up to 21 days
Balance Transfer Rate 22.99%
Foreign Transaction Fee 2.5%
Pros
  • Get 5% cash back on all eligible purchases in the first three months of card membership (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
  • This card has no annual fee.
  • Earn cash back at a standard rate of 3% on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
  • For the first 9 months, new customers can get a 1.99% introductory interest rate with a 1% fee on balance transfers from non-BMO credit cards. After that, balance transfers are subject to a 22.99% cash advance interest rate.
What to watch out for
  • This card has a balance transfer fee of 1%.
  • Each statement cycle period, you can only redeem up to $500 cash back on grocery purchases and up to $500 cash back on recurring bill payments, after which the base cash back rate of 0.5% applies.
  • This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.

Best for no annual fee: Tangerine Money-Back Credit Card

19.95%
Purchase Interest Rate
$0
Annual Fee
650+
Min. Recommended Credit Score
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else. Categories include groceries, restaurants, hotels, gas, recurring bill payments, drug store, home improvement and entertainment.
Annual Fee $0
Min. Credit Score 650+
Purchase Interest Rate 19.95%
Cash Advance Rate 19.95%
Interest Free Period Up to 21 days
Balance Transfer Rate 19.95%
Foreign Transaction Fee 2.5%
Pros
  • Earn accelerated cash back in 2 categories (with an optional third category).
  • No annual fee.
  • Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
What to watch out for
  • Receive only 0.5% cash back on all other categories of spending.
  • You'll pay a foreign transaction fee of 2.5% on all overseas purchases.
  • Pay a balance transfer fee of 3% of the total transferred amount or $5, whichever is greater.

Best for rewards with no annual fee: Scotiabank American Express Card

19.99%
Purchase Interest Rate
$0
Annual Fee
650+
Min. Recommended Credit Score
Earn 1 Scotia Rewards point for every $1 spent on eligible purchases. Earn 5,000 bonus Scotia Rewards points when you spend $500 on eligible purchases within the first 3 months. Apply by February 28, 2021.
Annual Fee $0
Additional Cardholder Fee $0
Min. Credit Score 650+
Purchase Interest Rate 19.99%
Cash Advance Rate 22.99%
Interest Free Period Up to 21 days
Balance Transfer Rate 22.99%
Foreign Transaction Fee 2.5%
Pros
  • Earn 5,000 bonus Scotia Rewards points when you spend $500 on eligible purchases within the first 3 months. Apply by February 28, 2021.
  • This card comes with a $0 annual fee.
  • Earn 1 Scotia Rewards point for every $1 spent on eligible purchases.
  • Get up to $1,000,000 Travel Emergency Medical coverage for up to 8 consecutive days if you're under 65 years old or up to 3 consecutive days if you're 65+. Pus, enjoy coverage for Travel Accidents, Trip Interruptions and Rental Car Collision Loss/Damage.
  • Get up to 25% discount at participating Budget and AVIS car rental locations in Canada and the US.
What to watch out for
  • This card has a foreign transaction fee of 2.5%. This will apply on any overseas purchases or any purchases made online with an international retailer.
  • The credit limit for this card starts at $1,000, so it may not be suitable if you want a card with very restrictive spending.
  • You'll need to earn an income of at least $12,000 to be eligible for this card.

Best for earning overall rewards: American Express Cobalt Card

19.99%
Purchase Interest Rate
$120
Annual Fee
Fair+
Min. Recommended Credit Score
The American Express Cobalt Card boasts a wide suite of benefits and a powerful rewards program that lets you redeem points for travel, merchandise, Amazon.ca purchases, gift cards and statement credit. Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services. Earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases. Earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply.
Annual Fee $120
Additional Cardholder Fee $0
Min. Credit Score Fair+
Purchase Interest Rate 19.99%
Cash Advance Rate 21.99%
Interest Free Period Up to 21 days
Foreign Transaction Fee 2.5%
Pros
  • Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services. Earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases. Earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply.
  • Earn up to 45,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn a Welcome Bonus of 15,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership. Apply by May 5, 2021.
  • Add up to 9 additional cardholders to the account, and enjoy a $0 annual fee per additional card.
  • Get up to $5,000,000 in emergency medical coverage plus coverage for travel accidents, lost or stolen baggage, car rental theft and damage, flight delays and hotel/motel burglary.
  • Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
  • Purchase Protection and Buyer's Assurance Protection.
  • Hotel perks and special access to event tickets.
What to watch out for
  • You'll pay a monthly fee of $10 for this card, which is $120 annually.
  • You'll pay a foreign transaction fee of 2.5% on all overseas purchases.

Best for those with good credit: TD Emerald Flex Rate Visa Card

4.5%
Purchase Interest Rate
$25
Annual Fee
N/A
Min. Recommended Credit Score
The TD Emerald Flex Rate Visa Card is a unique credit card that offers a flexible and low APR that based on your own personal credit profile. With a higher credit score, you'll likely be offered a lower APR, while a lower credit score will result in a higher APR. Interest rates are calculated by using the TD Prime¹ + 4.5% up to TD Prime + 12.75%. Although this card can help you save money if you don't pay off your balance in full each month, you won't earn any rewards points or cash back.
Annual Fee $25
Min. Credit Score N/A
Purchase Interest Rate 4.5%
Cash Advance Rate 4.5%
Interest Free Period 21 days on all new purchases
Foreign Transaction Fee 2.5%
Pros
  • Flexible interest rates based on a few factors including your credit score.
What to watch out for
  • This card has an annual fee of $25.
  • No cash back or rewards.
  • This card has a foreign transaction fee of 2.5%.

Best for shopping at Costco: Capital One Costco Mastercard, exclusively for Costco Members

19.75%
Purchase Interest Rate
$0
Annual Fee
N/A
Min. Recommended Credit Score
The Capital One Costco Mastercard, exclusively for Costco Members is a cash back card and a Costco Membership card all rolled into one. When you pay at Costco, you only have to present your credit card. Earn 3% cash back on restaurant purchases, 2% on gas purchases, and 0.5% on the first $3,000 spent annually on all other purchases (and 1% thereafter). There is no limit to the amount of cash back you can earn. Plus, enjoy a $0 annual fee, travel benefits, price protection on eligible purchases and other perks.
Annual Fee $0
Min. Credit Score N/A
Purchase Interest Rate 19.75%
Cash Advance Rate 19.75%
Balance Transfer Rate 19.75%
Pros
    • Earn 3% cash back on restaurant purchases, 2% on gas purchases, and 0.5% on the first $3,000 spent annually on all other purchases (and 1% thereafter). There is no limit to the amount of cash back you can earn.
    • This card comes with no annual fee.
    • This credit card doubles as your Costco Membership.
    • Get up to $250,000.00 Common Carrier Travel Accident Insurance for you, your spouse and any dependent children plus access to complimentary baggage delay insurance. Get complimentary coverage against rental car damage if you charge the full cost of the rental vehicle to your card and decline the collision damage waiver insurance offered by the rental agency.
    • Get 24/7 access to Travel Assistance services for medical referrals, emergency cash transfers, lost documents, ticket replacements, lost luggage assistance and legal referrals when travelling outside of your province. (Any costs incurred in connection with these services are charged to your card.)
    • Most personal items that are fully charged to your card are automatically insured against theft, loss or damage for 120 days from the date of purchase. Additionally, the original manufacturer’s warranty for eligible purchases is extended for up to two years. And if, within 60 days of purchasing an item in Canada, you find it for a lower price, you will be paid the difference up to $100.00 per item and $500.00 per calendar year.
    • The annual interest rate on purchases is 19.75%
    What to watch out for
      • In order to apply for the card, you must be a Costco member.
      • For purchases outside of gas and restaurants, you'll only receive 0.5% on the first $3,000 spent annually and then 1% afterwards.
      • Currently, this card does not receive balance transfers.

      How we picked our best cards

      We’ve chosen the cards on this page by considering fees, interest rates, eligibility requirements and balance transfer offers. We also considered special signup bonuses for first-time cardholders and perks like rewards and cash back. No single credit card will be the best choice for everyone, so compare your options before applying for a new card.

      Pro tip!

      It’s super important to pay off your balance before your monthly grace period ends or your promotional interest rate expires. Otherwise, your purchases will start accruing interest at the regular interest rate, which can really add up. Although signup offers can look attractive, make sure you consider whether you can pay off your balance at the regular interest rate if need be.

      How to choose credit cards for teachers

      Since classroom spending is so closely tied to your own finances, picking the right teacher credit card can make a big difference in your bottom line. Here are a few considerations to think about when choosing:

      • Can you manage an annual fee?
        When the school budget is tight, you might not have the extra funds to pay an annual fee. Luckily, there are many great options without this burden. If a card has an annual fee, check that the rewards you’ll earn heavily outweigh the yearly cost.
      • Does the card offer rewards?
        Rewards are the primary way to get effective savings on your purchases. They can come in the form of discounts, cash back, points or travel miles. The former 2 are easier to manage, but the latter two can bring tremendous value if you transfer them to travel partners.
      • Do you need to make a big investment up front?
        An intro APR can be a godsend when you want to make purchases now and pay them off over a long period of time. Be very cautious with your special interest rate, and only buy what you’re sure you can pay off.
      • Does the card have a welcome offer.
        The best credit cards for teachers typically don’t have the flashiest welcome offers. But every bit helps, and an extra burst of cash back, points or miles can help in a pinch.

      Should I use a credit card to pay for my classroom expenses?

      One good reason why you should charge classroom expenses to a credit card is that you can earn rewards or cash back on your spending. However, this value only matters if you spend enough to earn back more than the cost of the card (including annual fees and interest).

      You can save on interest by paying off your balance in full each billing cycle, which will cut the cost of the card and make it more worth it to have one.

      Compare credit cards for teachers

      Want to compare credit cards side-by-side? The table below shows your options. Click between tabs to see cards with low interest rates, balance transfer offers, cash back rewards and more.

      Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
      American Express Cobalt Card
      19.99%
      21.99%
      $120
      N/A
      Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, and earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases, and earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply
      Earn up to 45,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn a Welcome Bonus of 15,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership. Apply by May 5, 2021.
      BMO World Elite Mastercard
      19.99%
      22.99%
      $0 annual fee for the first year ($150 thereafter)
      $80,000
      Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and get 2 BMO Rewards points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend).
      Get up to $575 in value in your first year. Get a bonus of 40,000 BMO Rewards points ($285 travel value booked on bmorewards.com). Plus, get the $150 annual fee waived in the first year.
      American Express Aeroplan Card
      30% annual interest rate applies to balances not paid in full each month
      N/A
      $120
      N/A
      Earn 2x the points on eligible purchases made directly with Air Canada and Air Canada vacations, 1.5x the points on eligible dining and food delivery purchases and 1x the points on everything else.
      Earn up to 15,000 Welcome Bonus Aeroplan points and a bonus Buddy Pass as a new cardmember.
      SimplyCash Preferred Card from American Express
      19.99%
      21.99%
      $99
      N/A
      Earn 2% cash back on all eligible purchases
      Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership.
      Choice Card from American Express
      19.99%
      23.99%
      $0
      N/A
      Earn 1 American Express Membership Point for every $1 you spend on purchases.
      Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months of Cardmembership.
      BMO Preferred Rate Mastercard
      12.99%
      12.99%
      $20
      $15,000
      Take advantage of an introductory balance transfer offer, annual fee waiver in the first year, and low purchase and cash advance interest rates.
      Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
      BMO eclipse Visa Infinite
      20.99%
      23.99%
      $0 annual fee for the first year ($120 thereafter)
      $60,000
      Earn 5x the BMO Points for every $1 spent on groceries, dining in and out, gas and transit.
      Get up to 40,000 points and the $120 annual fee waived in the first year. Earn 25,000 points after you spend $3,000 in the first 3 months and get 15,000 points on your first anniversary.
      Tangerine Money-Back Credit Card
      1.95% intro APR for the first 6 months, 19.95% thereafter
      19.95%
      $0
      $12,000
      Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
      Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
      American Express Aeroplan Reserve Card
      19.99%
      21.99%
      $599
      N/A
      Earn 3x the points on eligible purchases made directly with Air Canada and Air Canada Vacations, 2x the points on eligible dining and food delivery purchases in Canada, and 1x the points on everything else.
      Earn up to 65,000 Welcome Bonus Aeroplan points and a $100 Statement Credit as a new cardmember.
      American Express Business Edge Card
      19.99%
      21.99%
      $99
      N/A
      Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
      Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
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      Name Product Purchase Interest Rate Balance Transfer Rate Balance Transfer Fee Annual Fee Minimum Income Reward Description
      BMO Preferred Rate Mastercard
      12.99%
      3.99% for the first 9 months (then 12.99%)
      1%
      $20
      $15,000
      Take advantage of an introductory balance transfer offer, annual fee waiver in the first year, and low purchase and cash advance interest rates.
      Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
      Tangerine Money-Back Credit Card
      1.95% intro APR for the first 6 months, 19.95% thereafter
      1.95% for the first 6 months (then 19.95%)
      3%
      $0
      $12,000
      Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
      Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
      BMO Rewards Mastercard
      19.99%
      1.99% for the first 9 months (then 22.99%)
      1%
      $0
      $15,000
      Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations.
      Get a bonus of 15,000 BMO Rewards points. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
      BMO AIR MILES Mastercard
      19.99%
      1.99% for the first 9 months (then 22.99%)
      1%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
      BMO CashBack Mastercard
      19.99%
      1.99% for the first 9 months (then 22.99%)
      1%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get 5% cash back on all eligible purchases in the first three months of card membership (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
      BMO AIR MILES Mastercard For Students
      19.99%
      1.99% for the first 9 months (then 22.99%)
      1%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a 1.99% introductory interest rate on balance transfers for 9 months. A 1% fee applies to balance amounts transferred.
      BMO CashBack Mastercard For Students
      19.99%
      1.99% for the first 9 months (then 22.99%)
      1%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers for 9 months, with a 1% fee for every transferred balance.
      Scotiabank Value Visa Card
      12.99%
      0.99% for the first 6 months (then 12.99%)
      N/A
      $29
      $12,000
      Save on interest for 6 months by consolidating your higher-rate balances with the balance transfer offer, and get an on-going 12.99% interest rate on purchases, cash advances and balance transfers.
      Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by February 28, 2021.
      Scotia Momentum Visa Card
      19.99%
      2.99% for the first 6 months (then 22.99%)
      N/A
      $39
      $12,000
      Earn 2% cash back on all eligible gas station, grocery store and drug store purchases and on recurring bill payments (up to a $25,000 annual spend), and earn 1% cash back on all other eligible purchases (and on all eligible purchases once the $25,000 annual spend is reached).
      Get a 2.99% introductory rate on balance transfers and a 0% balance transfer fee for the first 6 months. Apply by February 28, 2021.
      Tangerine World Mastercard
      19.95%
      1.95% for the first 6 months (then 19.95%)
      3%
      $0
      $60,000
      Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
      Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
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      Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
      American Express Cobalt Card
      19.99%
      21.99%
      $120
      N/A
      Earn 5 Membership Rewards points per $1 spent at eligible grocery stores, restaurants, bars, cafés and food delivery services, and earn 2 Membership Rewards points per $1 spent at eligible gas stations, and on transit and travel purchases, and earn 1 Membership Rewards point per $1 spent elsewhere. Terms apply
      Earn up to 45,000 bonus Membership Rewards points. In your first year as a new Cobalt Cardmember, earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 on your card (for a total of 30,000 points in a year). Plus, earn a Welcome Bonus of 15,000 Membership Rewards points when you spend a total of $3,000 in purchases on your Card in your first 3 months of Cardmembership. Apply by May 5, 2021.
      BMO AIR MILES World Elite Mastercard
      19.99%
      22.99%
      $0 annual fee for the first year ($120 thereafter)
      $80,000
      Get 1 AIR MILE for every $10 spent on eligible purchases.
      Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
      American Express AIR MILES Platinum Credit Card
      20.99%
      21.99%
      $120
      N/A
      Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend)
      Earn a Welcome Bonus of 3,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months.
      American Express Aeroplan Card
      30% annual interest rate applies to balances not paid in full each month
      N/A
      $120
      N/A
      Earn 2x the points on eligible purchases made directly with Air Canada and Air Canada vacations, 1.5x the points on eligible dining and food delivery purchases and 1x the points on everything else.
      Earn up to 15,000 Welcome Bonus Aeroplan points and a bonus Buddy Pass as a new cardmember.
      BMO eclipse Visa Infinite
      20.99%
      23.99%
      $0 annual fee for the first year ($120 thereafter)
      $60,000
      Earn 5x the BMO Points for every $1 spent on groceries, dining in and out, gas and transit.
      Get up to 40,000 points and the $120 annual fee waived in the first year. Earn 25,000 points after you spend $3,000 in the first 3 months and get 15,000 points on your first anniversary.
      Marriott Bonvoy American Express Card
      19.99%
      21.99%
      $120
      N/A
      Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties and 2 points on all other spend. Terms apply
      Receive 50,000 bonus Marriott Bonvoy™ points when you charge $1,500 in the first three months of card membership. Terms apply
      Choice Card from American Express
      19.99%
      23.99%
      $0
      N/A
      Earn 1 American Express Membership Point for every $1 you spend on purchases.
      Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months of Cardmembership.
      American Express Business Edge Card
      19.99%
      21.99%
      $99
      N/A
      Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
      Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
      BMO World Elite Mastercard
      19.99%
      22.99%
      $0 annual fee for the first year ($150 thereafter)
      $80,000
      Get 3 BMO Rewards points per $1 spent on eligible travel, dining and entertainment purchases (up to $50,000 spend annually), and get 2 BMO Rewards points per $1 spent on all other eligible purchases (and once you reach the $50,000 annual spend).
      Get up to $575 in value in your first year. Get a bonus of 40,000 BMO Rewards points ($285 travel value booked on bmorewards.com). Plus, get the $150 annual fee waived in the first year.
      Shell AIR MILES Mastercard from BMO
      19.99%
      22.99%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
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      Compare up to 4 providers

      Name Product Purchase Interest Rate Cash Advance Rate Cash Back Rate Annual Fee Minimum Income Reward
      SimplyCash Preferred Card from American Express
      19.99%
      21.99%
      2%
      $99
      N/A
      Earn 2% cash back on all eligible purchases
      Earn 10% cash back on all eligible purchases (up to $400 in cash back) for the first four months of Cardmembership.
      SimplyCash Card from American Express
      19.99%
      21.99%
      1.25%
      $0
      N/A
      1.25% cash back rate on all purchases when your welcome offer ends. No cap
      Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back).
      Tangerine Money-Back Credit Card
      1.95% intro APR for the first 6 months, 19.95% thereafter
      19.95%
      2%
      $0
      $12,000
      Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
      Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
      BMO CashBack World Elite Mastercard
      19.99%
      22.99%
      1.5%
      $0 annual fee for the first year ($120 thereafter)
      $80,000
      Earn 1.5% cash back on all eligible purchases.
      Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year.
      Shell CashBack Mastercard from BMO
      19.99%
      22.99%
      1.5%
      $0
      $15,000
      Get 1.5% cash back at participating Shell locations in Canada (up to a maximum spend of $2,500 in any monthly billing period), and get 0.5% cash back everywhere else.
      Get $50 in cash back bonuses once you charge your first eligible purchase to your card. Plus, earn 1% cash back for the first 6 months on all eligible purchases.
      BMO Cashback Business Mastercard
      19.99%
      22.99%
      1.75%
      $0
      N/A
      Earn 1.5% cash back on eligible gas purchases, office supplies and on cell phone and internet recurring payments, earn 1.75% cash back at participating Shell stations, and earn 0.75% on all other eligible card purchases.
      Get 10% cash back on gas, office supplies, cell phone bills and internet bills for 3 months.
      BMO CashBack Mastercard
      19.99%
      22.99%
      0.5%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get 5% cash back on all eligible purchases in the first three months of card membership (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
      BMO CashBack Mastercard For Students
      19.99%
      22.99%
      0.5%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers for 9 months, with a 1% fee for every transferred balance.
      Shell CashBack World Mastercard from BMO
      19.99%
      22.99%
      3%
      $79
      $60,000
      Get 3% cash back per $1 spent at Shells stations, 1.25% cash back on all other spend.
      Earn 3% cash back at Shell stations in Canada, plus 1.25% cash back on all other spend.
      Scotia Momentum No-Fee Visa Card
      7.99% intro APR for the first 6 months, 19.99% thereafter
      22.99%
      1%
      $0
      $12,000
      Get 1% cash back on all eligible gas station, grocery store and drug store purchases and recurring bill payments, and get 0.5% cash back on all other eligible purchases.
      Get a 7.99% introductory interest rate on all eligible purchases for the first 6 months. Apply by February 28, 2021.
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      Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
      BMO CashBack Mastercard
      19.99%
      22.99%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get 5% cash back on all eligible purchases in the first three months of card membership (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
      Tangerine Money-Back Credit Card
      1.95% intro APR for the first 6 months, 19.95% thereafter
      19.95%
      $0
      $12,000
      Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
      Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
      Choice Card from American Express
      19.99%
      23.99%
      $0
      N/A
      Earn 1 American Express Membership Point for every $1 you spend on purchases.
      Earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your card in the first 3 months of Cardmembership.
      Shell AIR MILES Mastercard from BMO
      19.99%
      22.99%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
      Shell CashBack Mastercard from BMO
      19.99%
      22.99%
      $0
      $15,000
      Get 1.5% cash back at participating Shell locations in Canada (up to a maximum spend of $2,500 in any monthly billing period), and get 0.5% cash back everywhere else.
      Get $50 in cash back bonuses once you charge your first eligible purchase to your card. Plus, earn 1% cash back for the first 6 months on all eligible purchases.
      BMO Rewards Mastercard
      19.99%
      22.99%
      $0
      $15,000
      Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations.
      Get a bonus of 15,000 BMO Rewards points. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
      BMO IGA AIR MILES Mastercard
      19.99%
      22.99%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent on eligible purchases at IGA stores and at participating AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
      BMO AIR MILES Mastercard
      19.99%
      22.99%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
      BMO AIR MILES Mastercard For Students
      19.99%
      22.99%
      $0
      $15,000
      Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $25 spent elsewhere.
      Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a 1.99% introductory interest rate on balance transfers for 9 months. A 1% fee applies to balance amounts transferred.
      BMO CashBack Mastercard For Students
      19.99%
      22.99%
      $0
      $15,000
      Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
      Get up to 5% cash back in the first three months (up to a maximum spend of $2,000, and earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases thereafter). Plus, get a rate of 1.99% on balance transfers for 9 months, with a 1% fee for every transferred balance.
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      Name Product Required Deposit Purchase Interest Rate Cash Advance Rate Annual Fee Reward
      Refresh Financial Secured Card
      $200 - $10,000
      17.99%
      N/A
      $12.95
      The Refresh Secured Card has no credit check, a low annual fee and guaranteed approval once you secure your card with anywhere from $200 - $10,000.
      Take advantage of a low annual fee, with no credit check and guaranteed approval once you secure your card with some funds.
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      Bottom line

      As a teacher, consider cards that offer great rewards at big-box retailers and grocery stores. You can often find school supplies, snacks and other items to keep your classroom humming. If you need more options, look into cashback credit cards.

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