Secured Neo World Elite® Mastercard – Gas & GroceryCash Back Calculator

Our Take

This secured card offers some of the highest cash back rates in Canada for gas, groceries, and recurring purchases, which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, if you're the average person whose spending is generally below $12k per year in groceries, $6k per year in recurring bills and $12k per year in gas, then you'll be doing pretty well, especially with the great insurance and benefit offers.

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Secured Neo World Elite® Mastercard – Gas & Grocery review

Card Details

Interest Rates

Purchase: 19.99% - 29.99%□

Cash Advance: 22.99% - 28.99%□

Balance Transfer: 22.99% - 28.99%

□ Quebec rates: Purchase 19.99% - 26.99%, Cash advance 22.99% - 24.99%

Annual Fees

Main Card: $149

Additional Cards: $49 (max 1 additional cardholder)

Welcome Bonus

Annual Income

Personal: $80,000

Household: $150,000

Credit Score Estimate

300⁎

Poor

560⁎

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

Card Type

Secured Credit

Reward Type

Cash Back

Our Rating

4.4/5

Institution

Neo Financial

How You Earn Rewards

5% cash back on grocery purchases up to $1,000 spending per month
4% cash back on recurring purchases up to $500 spending per month
3% cash back on gas purchases up to $1,000 spending per month
1% cash back on all other purchases with no spending caps
Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates