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BMO Prepaid Mastercard Credit Card Review - Watch Before you ApplyValid passport � Valid study permit or acceptance letter from a Canadian educational institution � Proof of Canadian address (if available). 2. BMO SPC CashBack Mastercard: This credit card is tailored for students and offers cashback rewards on purchases. Continue Reading. Canadian students can't apply for a student credit card until they are the age of majority in their province or territory (18 or 19), are a Canadian citizen or.