Build your credit history while getting world-class cashback
1 When you make payments in full and on time each month.
2 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.
3 Cashback earn subject to monthly spend limit. After monthly spend limit is reached, subsequent purchases earn 1%. Spend limit resets monthly. Minimum balance in your Neo Everyday account required to earn the highest rate. For more information, visit the Neo app.
⁴ 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.
⁵ For Quebec: Purchase rate (19.99%-23.99%) and cash advance rate (22.99%-24.99%).
* Based on data collected by Neo as of November 1, 2024.
Mastercard, World Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
Additional card benefits4
Extended Warranty & Purchase Protection
Canada's fastest growing company
awarded by the Globe and Mail
4.8 ★ ★ ★ ★ ★ on App Store
10,000+ partners coast to coast
5%
cashback on grocery3
4%
cashback on recurring payments3
3%
cashback on gas3
Extends manufacturer’s warranty and provides protection for damaged or stolen items.
Auto Rental Collision Loss Damage
Coverage for damages or theft in rental vehicles, providing additional financial protection for renters.
Comprehensive Travel Insurances
Out of province or country emergency medical, delayed and lost baggage, flight delay, trip cancellation/interruption, and more!
Secured Neo World Elite® Mastercard at a glance
Annual Fee
Income Eligibility: Individual | Household
Purchase Interest
$125
$80,000 | $150,000
19.99% - 26.99%5
Frequently Asked Questions
How do I know if I am eligible for the Secured Neo World Elite® Mastercard?
Eligibility for this card requires a minimum annual income: personal: $80,000; or household: $150,000.
What is the credit limit?
For a Secured Neo World Elite® Mastercard, a minimum deposit of $200 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is an annual fee of $125 for the Secured Neo
World Elite® Mastercard.
How do cashback rewards work?
You earn instant cashback on your purchases, with the opportunity to earn even more cashback with select partner brands. The cashback you earn is instantly available for you in your wallet, to use however and whenever you’d like.
If I already have a Neo Mastercard®, can I still get a Secured Neo World Elite® Mastercard?
Yes – you can enjoy all the additional benefits of the Secured Neo World Elite® Mastercard including boosted cashback at your favorite brands by applying for this card directly in the Neo app.
Does Neo offer supplemental cards?
Currently, Neo does not offer supplemental cards. It is something we are working on!
What’s the purchase rate and APR?
The Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 26.99%.
In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 23.99%.
The cash advance interest is 22.99% - 28.99%5
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.
EN / FR
EN / FR
Half of Secured Neo card users improve their credit score by an average of 26 points in just 3 months*
WE'VE GOT A FEW AWARDS IN THE BANK
How does a secured credit card work?
Set your credit limit
Choose how much to set aside to act as your security funds, starting with as little as $50. This will be your credit limit.
Make on-time payments
Make everyday purchases just like a regular credit card and pay off your balance with regular on-time payments.
Help build your credit score1
Our monthly reporting to TransUnion® and Equifax enables you to view your credit profile and better understand how to improve your credit score.
Guaranteed approval2
No hard credit check
International IDs accepted
Earn cashback on purchases