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4.8
/5
Neo Financial
Mastercard
Secured Neo World Mastercard® – Shop & DineCash Back Calculator
Our Take
Most secured cards give you very low to no rewards for using your card as you build your score over time. This card, however, offers solid rewards for customers who spend money primarily on on dining, takeout, and retail shopping. This is a fantastic card to help build your score while you also get to earn decent cash back rates.
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% - 23.99%, Cash advance 22.99% - 24.99%
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.
Annual Income
Personal: $50,000
Household: $80,000
Credit Score Estimate
300⁎Poor
560⁎Fair
660⁎Good
725⁎Very Good
760⁎Excellent
Card Type
Secured Credit
Our Rating
4.8/5
Institution
Neo Financial
How You Earn 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% cash back at 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
2 insurance
0 benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
No additional benefits listed for this card.
Pros & Cons
Pros
- Instant approval and access
- Credit building tools
- Booster partner cashback
- No credit score requirements
Cons
- Basic insurance coverage
- Income requirements