Build your credit history while earning cashback.
Guaranteed approval¹
Builds credit history²
International IDs accepted
Instant access to card upon approval
Guaranteed approval to help start your credit-building journey.
Guaranteed approval to help start your credit-building journey.
Build your credit history while earning cashback.
Your cards’ cashback rates are just the beginning.
1%
Groceries⁴
1%
Gas & EV charging⁴
Plus, earn an additional average of 5% cashback when you shop at our partners.⁵
We’ve got over 10,000+ partners across Canada with exclusive cashback offers. Explore our full network of partners in the Neo app.
Plus, earn an additional average of 5% cashback when you shop at partners.⁵
We’ve got over 10,000+ partners across Canada with exclusive cashback offers. Explore our full network of partners in the Neo app.
Mastercard Zero Liability³
Protection from unauthorized transactions and real-time security alerts to keep your account safe.
Neo Mastercard benefits
No confusing points
Cash is cash. What you see is what you get.
Instant credit card
Apply online in minutes and access your virtual card instantly.
Instant cashback
Earn cashback in real-time and access it whenever you want.
Costco® Wholesale
Mastercard is the exclusive credit card accepted at Costco warehouses across Canada.
Freeze & unfree your card
Lost your card? Worried it may have been stolen? Freeze your card from the Neo App and unfreeze at any time.
Secured Neo Mastercard at a glance.
Monthly Fee | $5
Purchase Rate⁷ | 19.99% - 29.99%
Cash Advance Rate⁷ | 22.99% - 31.99%
Frequently Asked Questions
How does cashback work with a Secured Neo Mastercard?
You earn instant cashback on your purchases and the cashback you earn is available for you in your wallet right away, to use however and whenever you’d like.
What is the credit limit?
The credit limit is equivalent to the amount of security funds you set aside. You can start with as little as $50 and up to a maximum of $10,000.
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.
Is there a minimum income requirement for the Secured Neo Mastercard?
There is no minimum income requirement for this card.
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.
Does Neo offer supplemental cards?
Yes, you can invite a spouse, family member, or someone close to you to get an additional card, making it easier to earn rewards and manage your expenses.⁸
What’s the purchase rate and APR?
The Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 29.99%.
The cash advance interest is 22.99% - 31.99%.
In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 23.99%.
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.
* As awarded by RATESDOTCA on February 4, 2025.
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 Based on data collected by Neo as of November 1, 2024.
⁴ Cashback earn subject to monthly spend limit. When monthly spend limit is reached, subsequent spending is not eligible for cashback. Spend limit resets monthly. For more information, visit the Neo app.
⁵ Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.
⁶ Security funds are refundable when the outstanding balance is paid in full and the card account is closed.
⁷ The Purchase Credit Rate on the Secured Neo Mastercard is 19.99%-29.99% and the Cash Advance Rate is 22.99%-31.99%. 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 Disclosure at time of application for your specific rate.
⁸ 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.
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, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
EN / FR
SECURED NEO MASTERCARD
Neo Mastercard benefits
Mastercard Zero Liability³
Protection from unauthorized transactions and real-time security alerts to keep your account safe.
Instant cashback
Earn cashback in real-time and access it whenever you want.
No confusing points
Cash is cash. What you see is what you get.
Costco® Wholesale
Mastercard is the exclusive credit card accepted at Costco warehouses across Canada.
Instant credit card
Apply online in minutes and access your virtual card instantly.
Freeze & unfree your card
Lost your card? Worried it may have been stolen? Freeze your card from the Neo App and unfreeze at any time.
Monthly Fee | $5
Purchase Rate⁷ | 19.99% - 29.99%
Cash Advance Rate⁷ | 22.99% - 31.99%
Secured Neo Mastercard at a glance.
Half of Secured Neo cardholders improve their credit score by an average of 26 points in just 3 months³
Voted Canada's best secured credit card*
4.8 ★★★★★ on App Store
4.7 ★★★★★ on Google Play
10,000 + cashback partners
from coast-to-coast
Voted Canada's best secured credit card*
4.8 ★★★★★ on App Store
4.7 ★★★★★ on Google Play
10,000 + cashback partners
from coast-to-coast
Half of Secured Neo cardholders improve their credit score by an average of 26 points in just 3 months³
1
Set your credit limit
Put aside a fully refundable security fund.⁶ The amount you set aside will be your credit limit.
How does a secured credit card work?
2
Use as normal
Shop online and in-stores with your card, and pay off your balance each month. It works just like a regular credit card.
Build your credit history
With regular, on-time payments, you can build your credit history. Our monthly reporting to TransUnion® and Equifax helps you do so.
3
How does a secured credit card work?
Set your credit limit
Put aside a fully refundable security fund.⁶ The amount you set aside will be your credit limit.
1
Use as normal
Shop online and in-stores with your card, and pay off your balance each month. It works just like a regular credit card.
2
Build your credit history
With regular, on-time payments, you can build your credit history. Our monthly reporting to TransUnion® and Equifax enables a complete view of your credit profile.
3
We’ve got a few awards in the bank.
