Neo World Mastercard® Secured Review

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 and with the cash back boost of up to 4% on groceries, it can easily beat most other no fee cash back credit cards as long as you're willing to keep 10k in a Neo everyday account. This is a fantastic card to help build your score while you also get to earn a high cash back rate.

Neo World Mastercard® Secured

Neo World Mastercard® Secured

4.8

Finly Rating

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on Neo Financial's website

Welcome Bonus

N/A

Rewards Rate

0.5% - 4% cashback

Cash Back

Annual Fee

$60

$5 Paid Monthly

Interest Rates

19.99% - 29.99%□ / 22.99% - 31.99%□

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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Card Details

Rewards

• 2% cash back on grocery purchases up to $1,000 spending per month (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to the 0.5-1% cash back tier after hitting spend cap
• 2% cash back on EV charging and gas purchases up to $1,000 spending per month (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to the 0.5-1% cash back tier after hitting spend cap
• 2% cash back on recurring purchases up to $500 spending per month (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to the 0.5-1% cash back tier after hitting spend cap
• 0.5% cash back on all other purchases up to $2,500 spending per month (1% cash back if you have $10k in a Neo everyday account)
• 5% average cash back at Neo Partners

Insurance

Coverage

• 

  Purchase Protection

  90 days
• 

  Extended Warranty

  1 year

Eligibility

• Credit Score

  Poor
• Annual Income

  $50,000 personal or $80,000 household