Build your credit history with confidence.
Approval is guaranteed¹
Get Canada’s first credit card that grows with you.
One card.
Two ways to start.
Apply today and we’ll find the right card for you. Approval is guaranteed.¹
01
Credit card
If you qualify for credit today, you'll get an offer for a Neo Mastercard with a credit limit up to $10,000 and no annual fees.
02
Secured credit limit
If you're starting out or rebuilding credit, the Neo Mastercard with a secured credit limit helps you build your credit history. Requires the Build membership for $7.99/month and refundable security funds³ to set your credit limit.
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.
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.
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Credit limit increase in as little as 3 months
Instant virtual card
Automated guidance to improve credit²
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Build your credit history with confidence.
Get Canada’s first credit card
that grows with you.
Join the 1.3+ million Canadians who already put their trust in us.
Rated 4.8/5 on the app stores
More Neo Mastercard Benefits
Instant virtual card
Real-time cashback
Costco® Wholesale
Access your virtual card right away. Your physical card won’t be far behind.
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.
Mastercard is the exclusive credit card accepted at Costco warehouses across Canada.
Manage card online
Freeze your card at your discretion, see your full card data and more.
Additional cardholder
Invite a spouse, family member, or someone close to you to get an additional card.⁶
Auto-Pay
Set and forget payments so you can stay on top of bills.
Take the guesswork out of credit building.
Build membership
Personalized tools to help you build your credit score
View your score & track your progress in the Neo app⁹
Unlock higher credit limits in as little as 3 months
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.
- Build membership is required for those with secured credit. Security funds are used to set your credit limit.
Legal stuff
Built for Canadians by Canadians.
“Neo makes money easy, I love the app interface, how easy it is to manage and understand your finances, and finding new local businesses with cashback!”
Matthew
"I never thought l'd enjoy opening a banking app this much. It just feels good. The rewards are a bonus. Instant cash back and so many of my favourite places are here!"
Bruce
“This is the best banking experience for me since I moved to Canada. My new card was in my digital wallet in just 5 minutes”
Gagan
Get the card that’s right for you within minutes.
Have a question?
Here’s some common questions about the Neo Mastercard.
Who can get a Neo Mastercard?
Everyone can get a Neo Mastercard, just as long as you live in Canada, have a Canadian photo ID, and are the age of majority in your province. You must also be eligible for credit under Neo’s policies and provide security funds.
Unlock powerful tools to build your credit history and help increase your limit with the Build membership.
Built for Canadians by Canadians.
Next-gen card protection keeps you safer.
Advanced technologies with privacy protection that help prevent unauthorized purchases are included with every Neo credit card.
Real-time alerts
Never get surprised by purchases with real-time notifications.
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.
Advanced fraud monitoring
AI keeps your personal data private while monitoring for unusual or unsafe activity.
Never get surprised by purchases with real-time notifications.
Real-time alerts
Mastercard Zero Liability
Help protect your card from purchases that you didn’t make⁷.
Next-gen card protection keeps you safer.
Advanced technologies with privacy protection that help prevent unauthorized purchases are included with every Neo credit card.
Insights & spend tracking
Our tools help you stay on track and provides useful data on your spending habits.
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 Everyday 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 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.
Will I get my security funds back if I am approved for a secured credit card?
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.
Security funds may be required
