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Secured Neo World Mastercard® – Everywhere Review
Want to build credit and earn truly unlimited cash back on everything? Apply for the Secured Neo World Mastercard – Everywhere.
Jun 9, 2026 2:28 PM
Written By
Lead Writer
The Bottom Line
The Secured Neo World Mastercard – Everywhere offers a simple, flat rate of cash back on all purchases without any spend caps. The card also doubles as a credit builder with easy approval that rewards you for good financial behaviour.
Skip to: Detailed Review
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% - 31.99%□
RECOMMENDED CREDIT SCORE
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Rewards
- 1% unlimited cash back on everything
- Up to 15% cash back at Neo Partners
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Eligibility
Credit Score
PoorAnnual Income
$50,000 personal or $80,000 household
Card Details
Interest Rates
Purchase APR
19.99% - 29.99%□
Cash Advance APR
22.99% - 31.99%□
Balance Transfer APR
22.99% - 31.99%
□ Quebec rates: Purchase 19.99% - 23.99%, Cash advance 22.99% - 24.99%
Fees
Annual Fee
$95.88 ($7.99 Monthly)⁕
⁕ 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
$50,000
Minimum Household Income
$80,000
Credit Score Estimate
Poor
Type
Card Type
Secured Credit
Reward Type
Cash BackPros & Cons
Pros
- Instant approval and access
- Credit building tools
- Booster partner cashback
- No credit score requirements
Cons
- Basic insurance coverage
- Income requirements
Our Detailed Review
How to Earn Rewards with the Secured Neo World Mastercard – Everywhere
Earning rewards with the Secured Neo World Mastercard® – Everywhere is pretty simple. Cardholders receive 1% unlimited cash back on everything, plus up to 15% cash back at Neo Partners. Partner cash back is earned on top of base category rates and offers are available within the Neo app.
How to Redeem Rewards with the Secured Neo World Mastercard – Everywhere
Cash back is posted instantly to the cardholder's Neo Rewards Wallet and is redeemable at anytime toward their balance.
Benefits and Perks
3 Benefits of the Secured Neo World Mastercard – Everywhere
There are a few perks that make the Secured Neo World Mastercard – Everywhere comparable to the top Neo credit cards in Canada.
As a secured card, the Secured Neo World Mastercard – Everywhere helps Canadians improve or build credit, making it an accessible option for newcomers or those with poor credit.
Secured credit cards require a refundable security deposit, which typically determines your credit limit. The deposit acts as collateral for the issuer in case of missed payments.
Unlike many Neo World credit cards, the Neo World Mastercard – Everywhere's rewards are truly unlimited without any monthly caps.
At over 10,000 partner retailers, cardholders can receive up to 15% cash back on eligible purchases.
Partner categories include:
- Fast food chains
- Restaurants
- Clothing stores
- Grocery stores
- Pharmacies
- Subscription services
- Online stores
- Gas
Drawbacks and Considerations
2 Downsides to the Secured Neo World Mastercard – Everywhere
There are a few drawbacks to note prior to applying for the akin.
The coverage on the Secured Neo World Mastercard – Everywhere is quite disappointing, offering only extended warranty and purchase protection insurance.
To qualify for this card, you'll also need to meet some income requirements, making the card less accessible.
Compare to Similar Cards
Before we wrap up this review, we're going to compare the Secured Neo World Mastercard – Everywhere against other secured rewards credit cards of a similar tier.
Neo Financial
4.8
Customers who want simplicity with strong flat-rate cashback on all purchases
Neo Financial
4.8
Neo Financial
4.8
Customers who spend heavily on dining, takeout, and retail shopping
Annual Fee
$95.88
$95.88
$95.88
Interest Rates
Purchase
19.99% - 29.99%
Quebec
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Quebec
22.99% - 24.99%
Purchase
19.99% - 29.99%
Quebec
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Quebec
22.99% - 24.99%
Purchase
19.99% - 29.99%
Quebec
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Quebec
22.99% - 24.99%
Welcome Bonus
—
—
—
Rewards
1%
$263.17
First year rewards
0.5% - 2%
Earn Rates
Insurance Coverage
Requirements
Secured Neo World Mastercard – Everywhere vs Secured Neo World Mastercard – Gas & Grocery
If you'd rather optimize specific categories like gas, groceries, and recurring purchases, you may want to consider the Secured Neo World Mastercard – Gas & Grocery instead. Note, however, that these specialized categories come with monthly spend caps. Like the Secured Neo World Mastercard – Everywhere, cardholders receive the same coverage and boosted partner cash back opportunities.
Verdict: The Secured Neo World Mastercard – Gas & Grocery is a secured rewards credit card that caters to optimizing gas, grocery, and recurring purchases.
Secured Neo World Mastercard – Everywhere vs Secured Neo World Mastercard – Shop & Dine
Perhaps you'd rather optimize shopping and dining. If so, check out the Secured Neo World Mastercard – Shop & Dine. This alternative offers cash back on shopping and dining purchases, but caps spending on these categories each month. The same coverage and boosted partner cash back opportunities also apply to this card.
Verdict: The Secured Neo World Mastercard – Shop & Dine is best suited to those who want higher returns on their dining and shopping, whilst building credit.
Frequently Asked Questions
Yes. Neo Financial has recently launched distinct rewards plans across three separate World Elite and World credit cards, catering to specific spending habits:
- Everywhere: for customers who want simplicity with strong flat-rate cash back on all purchases
- Shop & Dine: for customers who spend heavily on dining, takeout, and retail shopping
- Gas & Grocery: for customers who spend primarily on groceries, gas, and recurring bill payments
Each of these cards also has a secured version.
No. The Secured Neo World Mastercard – Everywhere offers unlimited cash back on everything.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
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