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Neo World Mastercard® Secured Review
The Bottom Line
Most secured cards give you very low to no rewards for using your card as you build your score over time. This card, however, offers balanced rewards for everyday purchases. This is a fantastic card to help build your score while you also get to earn solid cash back rates.
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on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$96
$8 Paid Monthly
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%□
Rewards
- 2% cash back on grocery purchases up to $1,000 spending per month
- 2% cash back on gas purchases up to $1,000 spending per month
- 2% cash back on recurring purchases up to $500 spending per month
- 0.5% cash back on all other purchases up to $2,500 spending per month
- Up to 15% cash back at over 10,000 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
$96 ($8 Monthly)
Additional Cards
$10 (max 1 additional cardholder)
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 to virtual card
- Guided credit building tools with built-in credit score tracking
- Additional cash back earning at over 10,000 Neo partners
- No minimum credit score requirement
Cons
- Basic insurance coverage
- Cash back spend caps can limit your rewards
Get personalized rewards estimates — see exactly how much you could earn.
Neo World Mastercard® Secured Cash Back Calculator
APPLY NOW
on Neo Financial's website