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If you're collecting reward points, you're probably going to get a card with a 19% interest rate. Note that most banks have a "low rate option" that will get you a card for 10% annual, or less. RBC is one of them. Scotiabank is another. They may have a small annual fee ($25, say), but you won't get a lot of the other options (like purchase protection, payment insurance, etc.)
What ChasingAmy says about credit lines is right on the money, if I may use that phrase. If they work for you, hey, all the better. You'll benefit from the low interest rate, if you pay it off within a few months and don't try to carry a balance.
Lastly, if you're paying tuition with it, you're in a prime position to rack up a bundle of points. CIBC's aerogold visa, with a $125(I think) annual fee, could be the way to go. If you're good about not carrying a balance, the 19% interest rate shouldn't be so scary. But just be careful about that.
Good luck, and happy spending!
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