Neo Secured Credit Card

Welcome Bonus



Annual Fee


Annual Rewards

Up to 5% cash back


Rewards on Approval


Purchase Rates


Cash Advance Rates


Balance Transfer Rates


Table of Contents

A secured credit card is an excellent option for anyone who wants to build their credit score or needs help getting approved for traditional credit cards. Neo Financial has launched the Neo Secured Credit card to help Canadians safely build their credit while enjoying perks like cash-back rewards. This article will look into the Neo Secured Credit card and discuss its features, benefits, and drawbacks.


  • No annual fee
  • 5% average high cashback earn rate
  • 1% guaranteed minimum cashback
  • Flexible limits - Get started with as little as $50


  • Doesn't offer any travel benefits or perks, you can opt into these with flexible monthly perk subscriptions
  • No physical branch

Details & Eligibility

  • N/A
  • N/A
  • N/A
  • $0.00
  • N/A
  • Mastercard
  • Yes
  • 19.99%
  • 22.99%
  • N/A
  • N/A
  • N/A
  • N/A

Easy to get approved and set up

The Neo Secured credit card is accessible to almost anyone looking for a secured card, regardless of their credit score or income level. The card has a free annual fee and an interest rate of 19.99%. You must also provide a deposit of at least $50 to secure your credit limit, while most companies require $200+. The application process is straightforward, and you will be approved within minutes if you meet the eligibility requirements.

Reward program

The Neo Secured credit card has a cashback reward program that is competitive with many standard credit cards in Canada. Cardholders can earn an average of 5% instant, unlimited cash back on every purchase without minimum spending requirements.

No minimum credit score required

One of the most significant benefits of the Neo Secured credit card is that it does not require any minimum credit score to apply. It makes it an ideal option for people looking to repair their credit history and start safely building credit. Neo Financial will report your payment history to TransUnion, which will help you build a positive credit history.


In conclusion, the Neo Secured credit card is an excellent option for Canadians looking to build or rebuild their credit scores. Its rewards program and accessibility make it an excellent choice for people looking to improve their finances. Overall, the Neo Secured Credit card is an excellent option for anyone looking for a secured credit card in Canada.