Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
25% Referral Cash Bonus
Share your unique referral link to the Neo Secured Credit Card and earn a 25% rebate bonus. Learn more about the Finly referral program.
Card Details
Based on $2,000 spending
First Year Value
$333
Interest Rates
Cash Advance: 22.99% - 31.99%
Purchase: 19.99% - 29.99%
Annual Fee
$60
Annual Income
Personal: N/A
Household: N/A
Credit Score
Poor
Welcome Bonus
N/A
Card Type
Secured Credit
Our Rating
4.7/5
Institution
Neo Financial
Rewards
- Average of 5% cashback at Neo Partners
- Up to 15% cashback on first purchases at Neo partners
- 1% cashback on gas and grocery
- 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
- With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth
Neo Secured Credit Card Cash Back Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
All purchases
$288
Annual Fee
- $60
Net Annual Rewards
$288
(after fees)
Rewards Summary
Net Annual Rewards
$288
(after fees)
First Year Card Bonus
$0
First Year Card Value
$288
Finly Rebate
$45
Insurance & Benefits
Insurance
Coverage
Benefits
Details
Neo Premium ($4.99/month)
Neo Travel Benefits ($4.99/month)
Neo Food Cashback boost ($1.99/month)
Neo Mind and Body Perks ($9.99/month)
Pros & Cons
Pros
- Best Secured Credit Card in Canada voted by FinlyWealth.
- Only Secured Card that you can earn rewards with!
- Option to add additional benefits with a monthly fee.
- Some benefits provided are exclusive to Neo Card holders.
- Deposit of only $50 required to get started
Cons
- Only reports credit activity to TransUnion® and not Equifax®