Voted Canada’s Best Secured Credit Card¹
Guaranteed approval²
No hard credit check
No annual fee³
Complete your application in minutes.
A rewarding way to help build credit⁴
Earn up to6%on restaurants and bars⁵Eat, drink, be merry, and earn cashback at all of our food and beverage partners.
Earn up to4%on your favourite apps⁵Netflix, Disney+, Crave, Apple, Uber, Lyft, SkipTheDishes, DoorDash, UberEats.
Earn up to3%on gas and groceries⁶Save money on everyday essentials, plus get cashback at all your favourite retail brands⁵.
Earn0.5%on all other purchases⁷Earn a flat cashback rate on everything else when you pay with your Neo Secured Credit card.
Everything you need to build credit history⁶
Guaranteed approval¹With guaranteed approval¹ and no annual fees⁵ you can start building your credit⁶ and earning unlimited, instant cashback.
Smart financial toolsGet a bird’s-eye view of your spending habits with Neo Insights. See all your purchases in one place, track your average, and explore details by category.
Customize your rewardsUpgrade your rewards with perks, flexible monthly subscriptions that boost your cashback and unlock extra benefits for your account
Flexible credit limitsWith a secured credit card, your credit limit is equal to the amount of security funds you set aside⁷. With Neo, you can start building credit with as little as $50.
Customize your rewardsThe Neo Secured Credit card lets you change your rewards to fit your life better. With flexible perks you can add to your card, it’s yours to shape.
Upgrade for more cashback and exclusive tools
Get credit score monitoring in the Neo app, plus boosted cashback when you upgrade to Premium.
Base
The free plan that makes everyday spending more rewarding
FREE1% cashback on gas and groceries³
Cashback at Neo partners
Powerful, simple money management tools
Premium
Upgrade for more cashback + exclusive perks and features
$4.993% cashback on gas and groceries³
Boosted cashback at Neo partners
All Base features + credit score monitoring, and more
Got questions?
We’ve got answers.
Will the Neo Secured Credit card require a credit check to be approved?
No—there are no hard credit checks for the Neo Secured Credit card (unless you are a resident of Quebec). Approval is guaranteed¹ and instant regardless of good, low, or no credit score.
What is the minimum amount I have to set aside for security funds?
Only $50—because wealth should never (ever) be a condition for building credit.
What makes the Neo Secured Credit card different from other traditional credit cards?
Neo Secured Credit may help you build your credit⁶ while earning cashback rewards—all with no annual fee⁵. Unlike traditional credit cards, we won’t check your credit history (unless you are a resident of Quebec), and you’re guaranteed approval¹. You can use the Neo Secured Credit card just like you would any other traditional credit card, anywhere Mastercard® is accepted.
How much is the credit limit?
Your credit limit is equal to the amount of security funds you’ve set aside⁷. This means you choose your limit based on your comfort level. For example, if you set aside $500 as your security funds, your credit limit is $500. The minimum amount of security funds to get started is $50.
Is this a secured credit card?
Yes—but unlike other secured credit cards, the Neo Secured Credit card rewards you with cashback at thousands of places with no monthly or annual fees⁵.
Is the Neo Secured Credit card a prepaid card?
No, this is better. With prepaid cards, as you spend the funds, your balance decreases and the card must be reloaded. The Neo Secured Credit card is like any other credit card where you borrow money (your credit) and pay your monthly statement. Security funds don’t mean your card is paid off, they only act as payment guarantee. Plus, unlike with other cards, you're getting rewarded with cashback almost everywhere you shop that you can cash out anytime for anything—all for no annual or monthly fees⁵.
Will I get my security funds back?
Yes—your security funds will be returned to you if you decide to close your account and your balance has been paid off in full.
What is the Purchase Credit Rate / APR?
The Purchase Credit Rate on the Neo Secured Credit card is 19.99%-29.99% and the Cash Advance Rate is 22.99%-31.99%. For Quebec, the Purchase Credit Rate is 19.99%-24.99% and the Cash Advance Rate is 22.99%-25.99%. 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 Disclosure at time of application for your specific rate.
¹ As awarded on December 5, 2023 by votes cast for best credit cards by Savvy New Canadians.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 For Quebec: Monthly Statements; No monthly or annual fees; 21-day grace period; Minimum payment is the higher of $10.00 or 5.0% of total statement balance; Purchase rate (19.99%-24.99%) and cash advance rate (22.99%-25.99%).⁴ When you make payments in full and on time each month.⁵ Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner.⁶ Based on the maximum $300 category spending per month. Cashback may be limited and varies by perks, offer, and partner. There may be monthly limits for boosted cashback offers. For more information, visit the Neo App.⁷ Cashback is earned on eligible purchases with the Premium plan. See the Neo Rewards™ Policy for details on earning cashback and other terms and conditions that apply. Cashback, perks, insights, and other offers and rewards are operated by Neo.⁸ Except in Quebec where the amount of the security funds is a variable amongst others, which helps establish your credit limit.