Secured Neo World Mastercard® – Shop & Dine Review
The Secured Neo World Mastercard – Shop & Dine is the credit building version of the regular Neo World Mastercard – Shop & Dine.
Sep 1, 2026 2:44 PM
The Bottom Line
If you're looking to optimize shopping and dining, all whilst building your credit, consider the Secured Neo World Mastercard – Shop & Dine.
Skip to: Detailed Review
Our choice for: Customers who spend heavily on dining, takeout, and retail shopping
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$119.88
$9.99 Paid Monthly
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%□
RECOMMENDED CREDIT SCORE
Rewards
The Shop & Dine plan delivers industry-leading earn rates in restaurants and shopping.
Cardholders Receive:
- 2% cash back on food & drink up to $500 spending per month
- 2% cash back on shopping up to $500 spending per month
- 0.5% cash back on everything else
- Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates
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
Purchase Protection
90 days
Extended Warranty
1 year
Mastercard Zero Liability Protection
Yes
Benefits
Details
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.
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%
Fees
Annual Fee
$119.88 ($9.99 Monthly)
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 – Shop & Dine
There are a couple of ways to collect cash back using the Secured Neo World Mastercard® – Shop & Dine.
Cardholders can expect:
- 2% cash back on food & drink up to $500 spending per month
- 2% cash back on shopping up to $500 spending per month
- 0.5% cash back on everything else
- Up to 15% cash back at thousands of Neo Partners
Spend caps in bonus categories reset monthly. When you hit the monthly cap, the reward rate returns to the base rate for the rest of the month.
Partner cash back earned at over 10,000+ retailers is piled on top of base category rates. Partner offers are featured in the Neo app.
How to Redeem Rewards with the Secured Neo World Mastercard – Shop & Dine
Cash back gets posted instantly to your Neo Rewards Wallet and can be redeemed at anytime towards your balance.
Benefits and Perks
3 Benefits of the Secured Neo World Mastercard – Shop & Dine
There are a handful of benefits that make the Secured Neo World Mastercard – Shop & Dine comparable to the top Neo credit cards in Canada.
As a secured card, the Secured Neo World Mastercard – Shop & Dine 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.
The no-fee dining and shopping cash back opportunities are also notable.
Food & drink categories include eligible fast food, restaurant, bar, cocktail lounge, nightclub, and catering purchases.
Shopping includes apparel, footwear, electronic, hardware, home & garden, sporting goods, cosmetics, pets, jewellery purchases, and more.
At thousands of partner retailers, cardholders can receive up to 15% cash back on eligible purchases. These rewards are stacked on top of specialized earn categories.
Partner categories include:
- Fast food chains
- Restaurants
- Clothing stores
- Grocery stores
- Pharmacies
- Subscription services
- Online stores
- Gas
Drawbacks and Considerations
3 Downsides to the Secured Neo World Mastercard – Shop & Dine
As with any credit card, there are a few of drawbacks to consider before sending in an application.
If you're a big spender, you might find yourself hitting this card's monthly spend caps. Once those thresholds are met, your earn rates decrease for the remainder of the month.
This card only comes with basic extended warranty and purchase protection insurance.
There are no added perks to incentivize applicants even further.
Compare to Similar Cards
Here, we've gone ahead and compared the Secured Neo World Mastercard – Shop & Dine against other secured rewards credit cards of a similar tier.
Neo Financial
4.8
Neo Financial
4.8
Neo Financial
4.8
Annual Fee
$119.88
$119.88
$119.88
Interest Rates
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
22.99% - 24.99%
Balance transfer
22.99% - 31.99%
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
22.99% - 24.99%
Balance transfer
22.99% - 31.99%
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
22.99% - 24.99%
Balance transfer
22.99% - 31.99%
Welcome Bonus
—
—
—
Rewards
0.5% - 2%
0.5% - 2%
1%
on Neo Financial's website
on Neo Financial's website
on Neo Financial's website
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
Secured Neo World Mastercard – Shop & Dine vs Secured Neo World Mastercard – Gas & Grocery
If you'd rather pocket a secured credit card that earns rewards on gas, recurring purchases, and groceries, then consider the Secured Neo World Mastercard – Gas & Grocery instead. This card also offers the same coverage, partner boosted cash back, and income requirements as the Secured Neo World Mastercard – Shop & Dine.
Verdict: The Secured Neo World Mastercard – Gas & Grocery is better suited to those who want to build credit and optimize gas, groceries, and recurring purchases.
Secured Neo World Mastercard – Shop & Dine vs Secured Neo World Mastercard – Everywhere
Maybe you don't want to optimize specific categories. Instead, keep things simple with the Secured Neo World Mastercard – Everywhere. This secured card offers unlimited cash back on everything and the same coverage, partner boosted cash back, and income requirements as the Secured Neo World Mastercard – Shop & Dine. No monthly caps, just straightforward cash back.
Verdict: The Secured Neo World Mastercard® – Everywhere provides one of the most simplified reward programs on a secured card.
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:
- Shop & Dine: for customers who spend heavily on dining, takeout, and retail shopping
- Everywhere: for customers who want simplicity with strong flat-rate cash back on all purchases
- Gas & Grocery: for customers who spend primarily on groceries, gas, and recurring bill payments
Each of these cards also has a secured version.
Yes. Once you meet the monthly spend caps for each category, the earn rate drops to the card's base rate until the end of month.
The food & drink category covers qualifying:
- fast food
- restaurant
- bar
- cocktail lounge
- nightclub
- and catering purchases
The shopping category covers:
- Apparel
- Footware
- Electronics
- Hardware
- Home & garden
- Sporting goods
- Cosmetics
- Pets
- Jewellery purchases and more
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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Secured Neo World Mastercard® – Shop & Dine Cash Back Calculator
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