Guaranteed approval¹ to help build your credit²

Credit reporting on everyday purchases

No hard credit checks³, no credit score needed

No annual fees⁴

Choose a plan and complete your application in 3 minutes.

Neo Secured Credit at a glance

Build credit² and earn cashback

Legal Disclaimers

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 Excluding Quebec residents.

⁴ For Quebec: Monthly Statements; No monthly or annual fees; 21-day grace period; Minimum payment is the higher of $10.00 or 5.0% of total statement balance; Purchase rate (19.99%-24.99%) and cash advance rate (22.99%-25.99%).

⁵ Cashback may be limited and varies by perks, offer, and partner. Cashback earn subject to minimum or maximum spend threshold. There may be monthly limits for boosted cashback offers. For more information visit the Neo App. Cashback is earned on eligible purchases at Neo Partners. See the Neo Rewards™ Policy for details on earning cashback and other terms and conditions that apply. Cashback, perks, insights, and other offers and rewards are operated by Neo.

⁶ Based on the maximum $300 category spending per month. Cashback may be limited and varies by perks, offer, and partner. There may be monthly limits for boosted cashback offers. For more information visit the Neo App. Cashback is earned on eligible purchases at Neo Partners. See the Neo Rewards™ Policy for details on earning cashback and other terms and conditions that apply.

⁷ Top-up varies based on monthly spend and is limited to $50 per month.

⁸ Member insurance benefits underwritten by The Wawanesa Life Insurance Company under a Group Policy issued to Neo Financial Technologies Inc. All coverage is subject to the terms, conditions, limitations and exclusions outlined in the insurance booklet.

⁹ 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 the Certificate of Insurance, and for Quebec residents the Summary and Fact Sheet. 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://card.neofinancial.com/legal-bundles.

¹⁰ Except in Quebec where the amount of the security funds is a variable amongst others, which helps establish your credit limit.

¹¹ For Quebec: Purchase rate (19.99%-24.99%) and cash advance rate (22.99%-25.99%)

Neo Credit and Neo Secured Credit cards are issued by ATB Financial pursuant to license by Mastercard International Incorporated.

Mastercard® 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.

By using this website, you accept our Platform Terms and Conditions and Privacy Policy. © 2024 Neo Financial

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Premium

Upgrade for more cashback + exclusive perks and features

Get the first 3 months free

Higher everyday cashback⁵

  • 3% on gas and grocery⁶
  • 0.5% cashback⁵ on everything else

Boosted exclusive cashback offers at Neo partners⁵

  • 6% average cashback at restaurants, bars and cafes
  • 4% on popular streaming services
  • 4% on ride sharing services
  • 4% on food delivery services
  • 3%+ at retail partners (online and in-store)

All Base features and benefits, plus:

  • Credit score monitoring directly in the Neo app
  • $2,500 group life insurance⁸ 
  • 24/7 legal assistance⁸
  • Purchase protection with extended warranty⁹
  • Dedicated priority support

$4.99

CAD

/mo

Set your own credit limit10, add security funds from $50 to $10,000

Apply online in minutes and get guaranteed approval¹

Build credit history² with on-time payments for purchases you make already

Annual Fee⁴

No Fee

Purchase Interest¹¹

19.99% - 29.99%

Cash Advance interest¹¹

22.99% - 31.99%

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Base

A free plan that makes everyday spending more rewarding

Everyday cashback⁵

  • 1% on gas and grocery⁶
  • 0.5% monthly minimum cashback⁷

Exclusive cashback offers at Neo partners⁵

  • 5% average cashback at restaurants, bars and cafes
  • 3% on popular streaming services
  • 3% on ride sharing services
  • 3% on food delivery services
  • 2%+ at retail partners (online and in-store)

Features and benefits

  • Personalized insights powered by generative chat AI
  • Digital card available to use immediately
  • Get cashback at thousands of local and national partners

FREE

Apply Now

Upgrade for more cashback + exclusive perks and features

Get the first 3 months free

Higher everyday cashback⁵

  • 3% on gas and grocery⁶
  • 0.5% cashback⁵ on everything else

Boosted exclusive cashback offers at Neo partners⁵

  • 6% average cashback at restaurants, bars and cafes 
  • 4% on popular streaming services
  • 4% on ride sharing services
  • 4% on food delivery services
  • 3%+ at retail partners (online and in-store)

All Base features and benefits, plus:

  • Credit score monitoring directly in the Neo app
  • $2,500 group life insurance⁸ 
  • 24/7 legal assistance⁸
  • Purchase protection with extended warranty⁹
  • Dedicated priority support

$4.99

CAD

/mo

Apply Now

A free plan that makes everyday spending more rewarding

Everyday cashback⁵

  • 1% on gas and grocery⁶
  • 0.5% monthly minimum cashback⁷

Exclusive cashback offers at Neo partners⁵

  • 5% average cashback at restaurants, bars and cafes
  • 3% on popular streaming services
  • 3% on ride sharing services
  • 3% on food delivery services
  • 2%+ at retail partners (online and in-store)

Features and benefits

  • Personalized insights powered by generative chat AI
  • Digital card available to use immediately
  • Get cashback at thousands of local and national partners

FREE

Will the Neo Secured Credit card require a credit check to be approved?
No—there are no hard credit checks for the Neo Secured Credit card (unless you are a resident of Quebec). Approval is guaranteed¹ and instant regardless of good, low, or no credit score.

What is the minimum amount I have to set aside for security funds?
Only $50—because wealth should never be a condition for building credit.

Does Neo charge any fees?
No—both the Neo Secured Credit card and standard Neo Credit card have no monthly or annual fees⁴.

Is this a secured credit card?
Yes—but unlike other secured credit cards, the Neo Secured Credit card rewards you with cashback at thousands of places with no monthly or annual fees⁴.

What makes the Neo Secured Credit card different from other traditional credit cards?
Neo Secured Credit may help you build your credit² while earning cashback rewards—all with no annual fee⁴. Unlike traditional credit cards, we won’t check your credit history (unless you are a resident of Quebec), and you’re guaranteed approval¹. You can use the Neo Secured Credit card just like you would any other traditional credit card, anywhere Mastercard® is accepted.

How much is the credit limit?
Your credit limit is equal to the amount of security funds you’ve set aside¹⁰. This means you choose your limit based on your comfort level. For example, if you set aside $500 as your security funds, your credit limit is $500. The minimum amount of security funds to get started is $50.

Is the Neo Secured Credit card a prepaid card?
No, this is better. With traditional prepaid cards, as you spend the funds, your balance decreases and the card must be reloaded. The Neo Secured card is like any other credit card where you borrow money (your credit) and pay your monthly statement. Security funds don’t mean your card is paid off, they only act as payment guarantee. Plus, unlike with other cards, you're getting rewarded with cashback almost everywhere you shop that you can cash out anytime for anything—all for no annual or monthly fees⁴.

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 the Purchase Credit Rate / APR?
The Purchase Credit Rate on the Neo Secured Credit card is 19.99%-29.99% and the Cash Advance Rate is 22.99%-31.99%. For Quebec, the Purchase Credit Rate is 19.99%-24.99% and the Cash Advance Rate is 22.99%-25.99%. 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.

Frequently Asked Questions