Credit Cards

Smart Prepaid Visa for Students card review

With your safety in mind, CIBC has come up with a new solution to money spending! See our Smart Prepaid Visa for Students card review and learn how to carry money around securely!

Advertisement

by Victória Lourenço

Published on 05/12/2022

Smart Prepaid Visa for Students card: a reliable and secure option for those wanting to make purchases safely

Read our Smart Prepaid Visa for Students card review! Source: CIBC
Read our Smart Prepaid Visa for Students card review! Source: CIBC

Are you looking for options on prepaid cards with reasonable terms and conditions? Are you tired of dealing with high cash withdrawal fees and unsafe user protection policies? Well, then we might have found the solution to your bad weather in the form of the Smart Prepaid Visa for Students card review! This one might be that missing piece for you to enjoy a worry-free financial life!

Credit ScoreNo credit score checking.
Bank and ATM Fees*No monthly or purchase fees in domestic currency.

2.5% exchange rate on international currency transactions.

$0 for domestic ATMs. Variable fee for international ATMs, first monthly withdrawal is free.

*Terms apply.
Cash Withdrawals*$1,000 24-hour maximum withdrawal limit.

*Terms apply.
Welcome BonusThis card features no welcome bonus.
RewardsThis card has no reward plan.
CIBC logo

How to get the Smart Prepaid for Students card?

Want to know how to spend money more wisely and safely? Check our Smart Prepaid Visa for Students card application instructions to find out!

Advertisement

How does the Smart Prepaid Visa for Students card work?

You can get many perks as a student with this card! Source: Unsplash
You can get many perks as a student with this card! Source: Unsplash

This card works in a very simple way. You load the desired amount of balance into your Smart Prepaid Visa for Students card and have that much to spend. This can be done from your CIBC account or line of credit or any other credit/debit card at the Toronto Pearson Airport CIBC Banking Centre. This allows for wise money management and control if you develop the right mindset.

Smart Prepaid Visa for Students card benefits

As a prepaid option, it is a very safe card for those who are apprehensive about going out with a debit or credit card with full access to limits and account balances. However, this card also has some downsides. So, read our list below to know more!

Advertisement

Pros

  • Extra convenience if you already have a CIBC account or credit line.
  • No withdrawal fees in Canada.
  • Free online access to transactions and balance.
  • Zero liability policy.
  • Doesn’t affect credit score.
  • Card customization fee waived for students.
  • Visa brand is widely accepted worldwide.

Cons

  • Cannot be gifted or transferred.
  • Loading balance could be simplified for those who don’t own a CIBC account or credit line.
  • Limited loading options.

Advertisement

How good does your credit score need to be?

Being a prepaid card, the Smart Prepaid Visa for Students doesn’t require any particular credit score in the application process, nor does it impact your score with use. Not only is it affordable, but also very acceptable because of this particular perk. You can have some benefits of owning a card, with no end-of-month bills or credit score bureaucracy!

How to apply for Smart Prepaid Visa for Students card?

We have piqued your interest, I see! We don’t blame you, but we did warn it would be a good one, didn’t we? See our post below on how to get this amazing option for students and the common consumer alike!

CIBC Smart™ Prepaid Visa* Card for students

How to get the Smart Prepaid for Students card?

Want to know how to spend money more wisely and safely? Check our Smart Prepaid Visa for Students card application instructions to find out!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

Trending Topics

content

How to withdraw money from Crypto.com

If you're interested in learning more about crypto and how to withdraw money from Crypto.com, read our post!

Keep Reading
content

What credit score is needed for Care Credit?

If you need to take care of your health, you will want to know what credit score is needed for Care Credit! Read on to find out!

Keep Reading
content

Citi Prestige® Card application: how to apply?

Learn about how the Citi Prestige card application process works and discover some of its amazing app features in this article!

Keep Reading

You may also like

content

Do credit card rewards make you spend more?

Are you spending more than you should on your credit card just to get more rewards? Beware of this action, or you'll fall into a trap. Read this article to learn how to avoid it.

Keep Reading
content

8 smart ways to dig yourself out of debt

Being in debt can be overwhelming. But don't worry. You can and will find your way out of this debt whole. These tips will help you to get back on track and have a successful financial life.

Keep Reading
content

Citi Custom Cash℠ Card review: is it worth it?

The Citi Custom Cash℠ Card offers great welcome bonuses and rewards. Interested? Learn everything about this credit card here!

Keep Reading