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Student lines of Credit

April 21, 2010

I hate to give props to that school on the wrong side of the North Saskatchewan river, but the University of Alberta Student Union has an informative FAQ about student lines of credit.

They’re a better deal and smarter than using credit cards to pay your bills. Most banks have student lines of credit, but RBC, TD Canada Trust, BMO, CIBC, and ATB all have different rules. Generally speaking, it’s easier to open a student line of credit wherever you already bank. That being said, banks are willing to help students willing to start a new relationship with them. It’s in their best interest, and, with a little luck, yours too.

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