Secured Neo World Elite® Mastercard – Shop & Dine

4.4/5

4.4

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.

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Secured Neo World Elite® Mastercard – Shop & Dine 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

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% 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