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Secured Neo World Elite® Mastercard – Everywhere Review
The Bottom Line
This secured card offers a simple flat-rate of cash back on all purchases, without caps. As a secured card, this contender also helps Canadians improve or build their credit, making it an accessible option for newcomers or those with poor credit seeking a straightforward rewards system with comprehensive coverage and premium travel perks.
Our choice for: Customers who want simplicity with strong flat-rate cashback on all purchases
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
See Rates
Interest Rates
19.99% - 29.99%□ / 22.99% - 28.99%□
RECOMMENDED CREDIT SCORE
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Rewards
- 2% cash back up to $4000 spending per month then 1% (unlimited) on everything else
- Up to 15% cash back at over 10,000 Neo Partners
Insurance
Coverage
Travel Medical Insurance (64 & under)
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500Baggage Delay
$1,000
Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent Child.svg?dpl=dpl_5kCgTkxzWFfVmG7SZ8w6MuK6W3Lz)
Car Rental Damage & Theft
Yes.svg?dpl=dpl_5kCgTkxzWFfVmG7SZ8w6MuK6W3Lz)
Car Rental Personal Effects
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Lost or Stolen Baggage
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Eligibility
Credit Score
PoorAnnual Income
$80,000 personal or $150,000 household
Card Details
Interest Rates
Purchase APR
19.99% - 29.99%□
Cash Advance APR
22.99% - 28.99%□
Balance Transfer APR
22.99% - 28.99%
□ Quebec rates: Purchase 19.99% - 26.99%, Cash advance 22.99% - 24.99%
Fees
Annual Fee
$95.88 ($7.99 Monthly)⁕
Additional Cards
$49 (max 1 additional cardholder)
⁕ To waive the $7.99 monthly fee on the Neo secured credit card (Neo Build), you must maintain a total balance of at least $5,000 across your Neo Everyday, Neo Savings, or Neo High-Interest Savings accounts.
Eligibility
Minimum Individual Income
$80,000
Minimum Household Income
$150,000
Credit Score Estimate
Poor
Type
Card Type
Secured Credit
Reward Type
Cash BackPros & Cons
Pros
- Instant approval and access
- High cashback rates
- Premium insurance
- Airport lounge membership
- Credit building tools
- No credit score requirements
- Boosted partner cashback
Cons
- Annual fee
- High income requirements
On this page
Secured Neo World Elite® Mastercard – Everywhere
4.4
FinlyWealth Rating
on Neo Financial's website
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Secured Neo World Elite® Mastercard – Everywhere Cash Back Calculator
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on Neo Financial's website