Secured Neo Mastercard

Build your credit history and get unlimited transactions, no annual fees and no overlimit fees. Plus get a $25 sign up bonus!



FEATURES

• A physical and digital secured card that doesn't require a hard credit check
  
• Guaranteed approval for all Canadians¹
  
• Earns cashback on everyday spending
  
• Average 5% at partners
  
• 15% welcome bonus on first purchase at most partners
  
• 1% minimum cashback guarantee across all purchases
  
• No monthly or annual fees for free Standard rewards plans
  
• Track spending with real time notifications and view balance in seconds
  
• Cash out your rewards at any time.
  
• Credit limit is equal to security funds. Customers can pick a limit they are comfortable with and never worry about going over that limit.
  
• Security funds will be fully returned if card is closed and balance is paid off
  
• Security funds minimum of only $50

~ Only $5 a month



Get cashback with Shell

• Earn 2% cashback at the pump or convenience store locations
• Earn 4% cashback on transactions made through the Shell App
• Boost these offers by 50% if you’ve subscribed to Neo’s Everyday Essentials perk (boosted to up to 6% cashback!)

Offer is only available in British Colombia, Alberta, Saskatchewan, Manitoba and Ontario.



Everyday cashback

• Up to 4% on gas and grocery
• Up to 1% cashback on everything else

Terms and Conditions
Refer to the Neo website for up-to-date terms and conditions.

Legal references and product terms are available on the Neo website.

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

Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Inc..

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.

Annual Card Fee:	$0		Credit Score:	N/A
Extra Card Fee:	N/A		Purchase Interest Rate:	19.99%
Minimum Personal Income:	N/A		Balance Transfer Interest Rate:	0.00%
Minimum Household Income:	N/A		Cash Advance Interest Rate:	22.99%

Build your credit history and get unlimited transactions, no annual fees and no overlimit fees. Plus get a $25 sign up bonus!

FEATURES

• A physical and digital secured card that doesn't require a hard credit check
  
• Guaranteed approval for all Canadians¹
  
• Earns cashback on everyday spending
  
• Average 5% at partners
  
• 15% welcome bonus on first purchase at most partners
  
• 1% minimum cashback guarantee across all purchases
  
• No monthly or annual fees for free Standard rewards plans
  
• Track spending with real time notifications and view balance in seconds
  
• Cash out your rewards at any time.
  
• Credit limit is equal to security funds. Customers can pick a limit they are comfortable with and never worry about going over that limit.
  
• Security funds will be fully returned if card is closed and balance is paid off
  
• Security funds minimum of only $50

~ Only $5 a month



Get cashback with Shell

• Earn 2% cashback at the pump or convenience store locations
• Earn 4% cashback on transactions made through the Shell App
• Boost these offers by 50% if you’ve subscribed to Neo’s Everyday Essentials perk (boosted to up to 6% cashback!)

Offer is only available in British Colombia, Alberta, Saskatchewan, Manitoba and Ontario.



Everyday cashback

• Up to 4% on gas and grocery
• Up to 1% cashback on everything else

Annual Card Fee:	$0		Credit Score:	N/A
Extra Card Fee:	N/A		Purchase Interest Rate:	19.99%
Minimum Personal Income:	N/A		Balance Transfer Interest Rate:	0.00%
Minimum Household Income:	N/A		Cash Advance Interest Rate:	22.99%

Terms and Conditions
Refer to the Neo website for up-to-date terms and conditions.

Legal references and product terms are available on the Neo website.

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

Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Inc..

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.

Part 1: Secured Neo Mastercard Cash Back Value per Canadian Dollar

• All Redemptions: 1 Cash Back Dollar = $ 1 CAD when redeemed. You can use the cash back as a statement credit, transfer it to your Neo Everyday account, or spend it directly through the Neo platform.

Part 2: Secured Neo Mastercard Cash Back Value per 100 Canadian Dollars

• All Redemptions: 100 Cash Back Dollars = $ 100 CAD

Part 3: Summary for Best Value

To maximize the value from the Secured Neo Mastercard:

• Maintain a Balance: Similar to other Neo cards, keeping a balance in your Neo Everyday account can unlock higher cash back rates.
• Spend at Neo Partners: Utilize the card at Neo's partner locations for significantly higher cash back rates, which can be especially beneficial for building or rebuilding credit.
• Regular, Timely Payments: Ensure you pay your card on time to build a positive credit history, which might allow you to transition to an unsecured card with potentially better rewards in the future.
• Premium Upgrade: Consider upgrading to the Premium plan to access higher cash back rates for an additional fee, even on a secured card.

Part 4: Secured Neo Mastercard Cash Back Earned per $ 1000 Spending by Category

• Gas and Groceries (with $ 10,000 in Neo Everyday Account): 40 Cash Back Dollars per $ 1,000 spent (4% cash back up to $ 1,000 monthly spend).
• All Other Purchases (with $ 10,000 in Neo Everyday Account): 10 Cash Back Dollars per $ 1
  
  
  NOTE : The value conversions may not be up to date. Please calculate your own conversion to Canadian dollars to ensure accuracy.