INSTANT APPROVAL. INSTANT ACCESS.
Approval is guaranteed¹
The Neo Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
Mastercard, World Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
All product and company names, logos, brands, and images are trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
* Based on Neo Mastercard secured cardholders who opened their account in 2025 and reached 90 days on book as of March 16, 2026. Represents the top 20% of cardholders by credit score improvement. Individual results may vary based on overall credit profile, payment behaviour, credit utilization, and other factors. Credit score change is measured using the bureau score on file at account opening compared to the score captured at 3 months on book. Not all cardholders will experience a score increase.
¹ Conditions apply. Must 1. be the age of majority in your province or territory of residence; 2. be a Canadian resident; 3. provide security funds; 4. be eligible for credit under Neo’s policies.
² When you make payments in full and on time each month.
³ For Quebec: Monthly statements; 21-day grace period; Minimum payment is the higher of $10 or 5% of total statement balance; Purchase rate is 19.99%-25.24% and cash advance rate is 21.99%-25.24%.
⁴ Security funds are refundable when the outstanding balance is paid in full and the card account is closed.
⁵ Cashback earn subject to monthly spend limit. When monthly spend limit is reached, subsequent spending earns 0%. Spend limit resets monthly. For more information, visit the Neo app.
⁶ Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.
⁷ The account owner is solely responsible for all charges made by the additional cardholder. The account owner may remove the additional cardholder at any time. The additional cardholder shares the account owner’s credit limit. Additional cardholders must be the age of majority in their province. All cashback earned by the additional card is automatically added to the account owner’s Rewards Wallet. Transactions made by the additional cardholder only impact the account owner’s credit history. Refer to the Cardholder Agreement and Rewards Policy for full terms and conditions.
⁸ Credit Builder is an educational tool and should not be used as a source of financial advice. Building credit is dependent on customer behaviour, including making payments on time and in full, and improvements are not guaranteed.
⁹ Credit score monitoring is provided by TransUnion and is not available with Essentials.
¹⁰ Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.
EN / FR
Credit limit increase in as little as 3 months
Instant virtual card
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INSTANT APPROVAL. INSTANT ACCESS.
Legal stuff
HAVE A QUESTION?
Here’s some common questions about the Neo Mastercard.
Who can get a Neo Mastercard?
You need to live in Canada, have a Canadian photo ID, and be the age of majority in your province to apply for the Neo Mastercard. Chequing account can get a Neo Mastercard, just as long as you’re eligible for credit under Neo’s policies and provide security funds.
How can I redeem my cashback?
You can redeem cashback in a few ways. You can reduce the balance in your credit account, add the cashback to your Neo Chequing account, or redeem it for merchandise at the Neo Store.
What is the purchase credit rate / APR?
The purchase credit rate on the Neo Mastercard is 19.99%-29.99% and the cash advance rate is 22.99%-31.99%. For Quebec, the purchase credit rate is 19.99%-25.24% and the cash advance rate is 21.99%-25.24%. The standard rate on purchases and cash advances is dependent on our assessment of your credit application, credit profile, and your province. See your Cardholder Agreement and Disclosure Statement at time of application for your specific rate.
Can I get an additional card?
Yes, you can invite a spouse, family member, or someone you trust to get an additional card, making it easier to earn rewards and manage expenses all in one place⁶.
How does cashback work with a Secured Neo Mastercard?
You’ll get the same rewards and benefits as the regular Neo Mastercard, including cashback offers at Neo partners and cashback on gas and groceries.
How does the Neo Mastercard help build my credit history?
By using your Neo Mastercard and making payments in full and on time each month, you can build your credit history. Credit scores depend on your payment habits with all your credit cards and loans, so it’s best to ensure you’re making full payments on time with all your cards.
Which credit bureaus does Neo report to?
Neo reports to Canada's consumer credit bureaus, Equifax and TransUnion. These are the two main credit bureaus in Canada that collect, store and share information on your financial history. Equifax and TransUnion use that information to compile credit reports and issue credit scores based on your financial behaviours.
What are the benefits of reporting to both credit bureaus?
Reporting to both Equifax and TransUnion means lenders, employers, insurance companies, mobile phone companies, landlords, or anyone else who checks your credit score will have a more complete view of your credit profile and credit history. Depending on the lender, they pull information from one or both credit bureaus, so it's beneficial to have your Neo credit payments reported to both bureaus. With a more complete picture, you can better understand how to help build and maintain your credit score and history.
How can I check my credit score?
You can easily check your credit score from the Neo app at any time. Neo’s credit monitoring using information from TransUnion. To check your credit score using Equifax, go to the Equifax website.
NEO MASTERCARD
MORE NEO MASTERCARD BENEFITS
REAL-TIME ALERTS
Never get surprised by purchases with real-time notifications.
Advanced technologies with privacy protection that help prevent unauthorized purchases are included with every Neo credit card.
NEXT-GEN CARD PROTECTION KEEPS YOU SAFER
Advanced technologies with privacy protection that help prevent unauthorized purchases are included with every Neo credit card.
ADVANCED FRAUD MONITORING
AI keeps your personal data private while monitoring for unusual or unsafe activity.
MASTERCARD ZERO LIABILITY
Help protect your card from purchases that you didn’t make⁷.
Get pre-qualified in minutes, with no impact to your credit score.
Personalized tools to help improve credit history²
Get pre-qualified in minutes, with no impact to your credit score.
Can I have more than one credit score?
Yes, you can have more than one credit score, depending on the credit bureau. It's normal for your credit score to differ between credit bureaus because Equifax and TransUnion use their own proprietary scoring algorithms to calculate your credit score. Although both credit bureaus calculate credit scores based on the same factors (payment history, credit utilization, length of credit history, types of credit and number of inquiries), they may weigh those factors differently and have different information about your credit history.
What makes the Secured Neo Mastercard different from traditional credit cards?
The Secured Neo Mastercard can help you build your credit while earning cashback rewards. Unlike traditional credit cards, your approval is guaranteed¹ because you use your own funds to secure your credit limit. You can use the Secured Neo Mastercard just like you would any other traditional credit card, anywhere Mastercard is accepted.
How much is the credit limit for the Secured Neo Mastercard?
The credit limit for the Secured Neo Mastercard depends on the amount of security funds you’ve set aside. This means you choose your limit based on your comfort level. The minimum amount of security funds to get started is $50.
Will I get my security funds back?
Yes—your security funds will be returned to you if you decide to close your account and your balance has been paid off in full.
What is a good credit score?
A good credit score in Canada is typically between 660 and 724. Scores in this range show lenders that you’re a reliable borrower and can help you qualify for better financial products and rates. A score above 724 is considered very good to excellent in Canada. It shows strong creditworthiness and can help you access the best interest rates and premium financial products.
How long does it take to rebuild bad credit?
Rebuilding bad credit can take anywhere from 3 months to several years, depending on the severity of your credit issues. Consistently making on-time payments, reducing debt, and using credit responsibly can help improve your score over time.
ONE CARD.
TWO WAYS TO START.
Apply today and we'll find the right card for you. Approval is guaranteed.1
01
TRADITIONAL CREDIT CARD
Neo Mastercards come with a credit limit up to $10,000 and no annual fees.
SECURED CREDIT CARD
02
Neo Mastercard with a secured credit limit rewards you as you build your credit history. Requires the Build membership for $7.99/month and refundable security funds³ to set your credit limit.
INSTANT VIRTUAL CARD
Mastercard is the exclusive credit card accepted at Costco warehouses across Canada.
REAL-TIME CASHBACK
Earn cashback, like 1% on groceries, gas⁴ and an average 5% across 10,000+ partners.⁵ Access your cashback in real-time whenever you want.
COSTCO® EXCLUSIVE
Freeze your card at your discretion, see your full card data and more.
MANAGE CARD ONLINE
ADDITIONAL CARDHOLDER
AUTO-PAY
Set and forget payments so you can stay on top of bills.
Invite a spouse, family member, or someone close to you to get an additional card.
Access your virtual card right away. Your physical card won't be far behind.
TAKE THE GUESSWORK OUT OF CREDIT BUILDING.
Unlock powerful tools to build your credit history and help increase your limit with the Build membership.
- $7.99/month (excl. Quebec) or included with $5K+ balance across your Neo accounts.
Unlock powerful tools to build your credit history and help increase your limit with the Build membership.
- Build membership is required for those with secured credit. Security funds are used to set your credit limit.
Personalized tools to help you build your credit score
View your score & track your progress in the Neo app
Unlock higher credit limits in as little as 3 months