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Secured Neo World Elite® Mastercard – Shop & Dine Review
The Bottom Line
This secured card offers some of the highest cash back rates in Canada on dining, takeout, and retail shopping. 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 premium rewards, coverage, and perks.
Our choice for: Customers who spend heavily on dining, takeout, and retail shopping
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on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$149⁕
$12.42 Paid Monthly
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
Earn 5% every time you dine out or order in, and 3% on retail shopping — the card built for how you actually enjoy spending.
Expect:
- 5% cash back on food & drink up to $1000 spending per month
- 3% cash back on shopping up to $1000 spending per month
- 1% cash back on everything else
- Up to 15% cash back at over 10,000 Neo Partners
Eligible Cash Back Categories Explained:
- Food & drink: Fast food, restaurants, bars, cocktail lounges, nightclubs, caterers
- Shopping: Apparel, footwear, electronics, hardware, home & garden, sporting goods, cosmetics, pets, jewellery, and more
- Amazon and wholesale purchases are not eligible for the shopping cashback rate
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
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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
$149 ($12.42 Monthly)
Additional Cards
$49 (max 1 additional cardholder)
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 – Shop & Dine
4.4
FinlyWealth Rating
on Neo Financial's website
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Secured Neo World Elite® Mastercard – Shop & Dine Cash Back Calculator
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on Neo Financial's website