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4.5
/5
Neo Financial
Mastercard
Award winner
Neo Secured Mastercard®Cash Back Calculator
$25 bonus upon approval for new clients
Our Take
If you have a poor credit score and are looking to rebuild it with a secured card, then the Neo Financial Secured Credit Card is the best card to go for. This card offers so much more compared to other secured credit cards on the market, including no monthly fees, a low deposit amount needed to get started, and it is the only credit card that offers some rewards on your purchases!
Exclusive · From FinlyWealth$50 rebate
Card Details
Interest Rates
Purchase: 19.99% - 29.99%□
Cash Advance: 22.99% - 31.99%□
Balance Transfer: 22.99% - 31.99%
□ Quebec rates: Purchase 19.99% - 24.99%, Cash advance 22.99% - 25.99%
Annual Fees
Main Card: $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.
Welcome Bonus
- Get an exclusive $25 bonus through our offer link
- Click on Apply Now to learn more
- This offer is only valid for new Neo clients
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Secured Credit
Our Rating
4.5/5
Institution
Neo Financial
Awards
Best Secured Credit Card
2026
How You Earn Rewards
- 1% cash back on grocery purchases up to $500 spending per month
- 1% cash back on gas purchases up to $500 spending per month
- Up to 15% cash back at over 10,000 Neo Partners
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
No insurance coverage is bundled with this card.
Benefits
No additional benefits listed for this card.
Pros & Cons
Pros
- Low minimum deposit
- High partner cashback rates
- Instant approval
- Credit-building tools
- No income requirements
- No credit score requirements
Cons
- Potentially high interest rates
- Monthly fee