* Based on data collected by Neo as of November 1, 2024.
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.
2 When you make payments in full and on time each month.
3 Cashback earn subject to monthly spend limit. When monthly spend limit is reached, earn rate decreases for subsequent spending. Spend limit resets monthly. Minimum balance required to earn the highest rate. For more information, visit the Neo app.
4 Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.
5 Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.
6 This insurance coverage is underwritten by Chubb Insurance Company of Canada under a Group Policy issued to Neo Financial Technologies Inc. All coverage is subject to the terms, conditions, limitations and exclusions outlined in each Certificate of Insurance, and for Quebec residents, each Product Summary. Travel insurances unavailable for Quebec residents. The cost will be charged to the eligible Neo card that you signed up for the Neo Perks with. Neo, its employees and representatives are not agents of Chubb, nor can they waive or change any terms of the insurance coverage. View the full list of insurance certificates here: https://www.neofinancial.com/legal/plans
The Neo Mastercard, Neo World Mastercard®, Neo World Elite® Mastercard and Neo Money™ card are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Frequently Asked Questions
Who can get a Secured Neo credit card?
To be eligible for a Secured Neo credit card, you must live in Canada, have a Canadian photo ID, and be the age of majority in your province of residence.
How do I apply for a secured credit card?
Find the card that fits you best from the above options and click Get This Card. You can apply and get approved in less than 5 minutes!
How and when can I redeem my cashback?
You can access your cashback as soon as the transaction is posted!
View your cashback in your Neo Rewards Wallet and use it to reduce the balance on your credit account, add it directly to your Neo Everyday account, or redeem it for merchandise at the Neo Store.
Do the Secured Neo cards require a credit check to be approved?
No—there are no hard credit checks for the Secured Neo credit cards. Approval is guaranteed2 and instant regardless of good, low, or no credit score.
What are the credit limits for each card?
You set your own credit limit by setting aside security funds, starting with as little as $50 for Secured Neo World Mastercard® and Secured Neo Mastercard, or $250 for the Secured Neo World Elite Mastercard®.
Do I have to pay fees?
There is a $5 montly fee for the Neo Mastercard and the Neo World Mastercard®. There is an annual fee of $125 for the Neo World Elite® Mastercard.
Currently, Neo does not offer supplemental cards, but it is something we are working on! Stay tuned.
Can I get an additional card for my partner?
Find the right card for you
Neo World Mastercard®
STARTING AT2
BOOSTED
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
2%
4%
2%
4%
2%
4%
0.5%
1%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
$50,000 personal OR
$80,000 household
Recommended
for those with
very good credit, 680+
Annual fee: $0
Neo World Elite® Mastercard
STARTING AT2
BOOSTED
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
5%
4%
5%
3%
4%
1%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
$80,000 personal OR
$150,000 household
Recommended
for those with
very good credit, 700+
Annual fee: $125
1%
7%
Neo Mastercard
STARTING AT2
BOOSTED
GROCERY
GAS
EVERYTHING ELSE
1%
1%
4%
0%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
None
Recommended for those with good credit, 640+
Annual fee: $0
1%
4%
Build your credit history and your cashback
EN / FR
Get approved, guaranteed1
Builds your credit history2
Half of secured Neo cardholders improve their credit score by an average of 26 points in just 3 months*
Secured Neo World Elite® Mastercard
GROCERY3
RECURRING PAYMENTS3
GAS3
EVERYTHING ELSE3
5%
4%
3%
1%
Annual Fee: $125
Min. income requirement: ✓
Secured Neo World Mastercard®
GROCERY3
RECURRING PAYMENTS3
GAS3
EVERYTHING ELSE3
2%
2%
2%
0.5%
Monthly Fee: $5
Min. income requirement: ✓
Guaranteed approval
Canada's fastest growing company
awarded by the Globe and Mail
4.8 ★ ★ ★ ★ ★ on App Store
4.7 ★ ★ ★ ★ ★ on Google Play
10,000+ partners coast to coast
Earn cashback on everyday purchases
At a glance
Compare our suite of secured cards and find the one that’s right for you
WE'VE GOT A FEW AWARDS IN THE BANK
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.
What is the annual percentage rate (APR)?
The Purchase Credit Rate on the Secured Neo Mastercard and Secured Neo World Mastercard® is 19.99%-29.99% and is 19.99%-26.99% on the Secured Neo World Elite® Mastercard.
The Cash Advance Rate on the Secured Neo Mastercard and Secured Neo World Mastercard® is 22.99%-31.99% and 22.99%-28.99% on the Secured Neo World Elite® Mastercard.
For Quebec residents, the Purchase Credit Rate is 19.99%-23.99% and the Cash Advance Rate is 22.99%-24.99%.
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.
What are the monthly spend caps in each category?
The monthly spend caps vary based on the card you choose. For more information, visit https://get.neofinancial.com/rates-table/
How does a secured card work?
Secured cards work much like regular credit cards and provide the opportunity for you to safely build your credit history.
Choose from our three secured card options. Eligibility for each is based on personal or household income. Get your card today.
Select the card that fits you
Start with a refundable deposit
Kick things off by setting aside a fully refundable deposit. This acts as the credit limit on your secured card.
Use just like a regular credit card
Shop online, pay in stores, or take care of everyday expenses. It works just like a normal credit card with Neo’s world-class cashback.
Watch your credit score grow
With responsible use and on-time payments, your secured card helps improve your credit score over time—it’s that simple.
What is a secured credit card?
Build your credit history and your cashback
Pick from 3 cards to find the one for you
Start building your credit history today.
EN / FR
EN / FR