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4.4
/5
Neo Financial
Mastercard
Secured Neo World Elite® Mastercard – Shop & DineCash Back Calculator
Our Take
This secured card offers some of the highest cash back rates in Canada on dining, takeout, and retail shopping. As a secured card, this contender also helps Canadians improve or build their credit, making it an accessible option for newcomers or those with poor credit seeking premium rewards, coverage, and perks.
Exclusive · From FinlyWealth$100 rebate
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
Card Type
Secured Credit
Our Rating
4.4/5
Institution
Neo Financial
How You Earn Rewards
Earn 5% every time you dine out or order in, and 3% on retail shopping — the card built for how you actually enjoy spending.
Expect:
- 5% cash back on food & drink up to $1000 spending per month
- 3% cash back on shopping up to $1000 spending per month
- 1% cash back on everything else
- Up to 15% cash back at over 10,000 Neo Partners
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
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
12 insurance
1 benefit
Insurance
Coverage
Travel Medical Insurance (64 & under)
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500
Baggage Delay
$1,000
Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
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Car Rental Damage & Theft
Yes
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Car Rental Personal Effects
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Lost or Stolen Baggage
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Pros & Cons
Pros
- Instant approval and access
- High cashback rates
- Premium insurance
- Airport lounge membership
- Credit building tools
- No credit score requirements
- Boosted partner cashback
Cons
- Annual fee
- High income requirements
Welcome Bonus History
Welcome offers move. Here is every offer we have recorded on this card — what it paid, and what you had to spend to get it — so you can see whether the one running today is actually a good one.
Latest offer
$249
Best we've tracked
$0 vs previous
Best ever trackedAug 2026
$249
Offers tracked
2
since Aug 10, 2026