Secured Neo Mastercard
Neo Financial · Cashback · Statement Credit
This comprehensive guide covers the Secured Neo Mastercard's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The Secured Neo Mastercard from Neo Financial offers cashback rewards credited directly to your statement at 15%. Top earning categories include 1% cash back on gas and groceries and more. Annual fee is C$96 (no standard fee waiver).
Best for: Fuel, Grocery, Dining, Online Retail
Reward Examples
Spend C$1,000 on Fuel → earn C$10 (1%) · 1% cash back on gas and groceries
Spend C$10,000 on Dining → earn C$1,500 (15%) · Up to 15% cash back at Neo partner merch
Official product page → Official rules →
Waiver: No standard fee waiver
Reward Rules
- 1% 1% cash back on gas and groceries
- 15% Up to 15% cash back at Neo partner merchants
Important Notes
- Guaranteed instant approval with no income or credit score requirements.
- Minimum $50 security deposit required.
- Travel insurance including trip cancellation and interruption included.
- Purchase protection included.
- Best card for building credit with rewards.
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
Secured Neo Mastercard vs Similar Cards
- Alterna Savings Cash Back Visa — 2% top rate · C$0
- BMO Cash Back Mastercard — 3% top rate · C$0
- BMO CashBack World Elite Mastercard — 5% top rate · C$120
Maximize Your Rewards
To earn the highest rewards, use the Secured Neo Mastercard for its bonus categories: Fuel, Grocery, Dining, Online Retail, Retail.