Secured Neo Mastercard
Neo Financial
Annual fee
CA$96
Rewards rate
5%-1%
Welcome Bonus
CA$25
Apply Now →on Neo Financial's website
- 5%Cash back at Neo partners
- 4%Cash back on recurring bills
- 3%Cash back on gas/EV charging
- 1%Cash back on all other purchases
Welcome Bonus:
Get an exclusive $25 bonus through FinlyWealth upon approval.
Reward Rate:
Earn up to 5% cash back at Neo partners, 1% on gas and groceries.
The Secured Neo Mastercard stands out as the top choice because it offers guaranteed approval and the ability to earn cash back on everyday purchases, making it an excellent option for those looking to build credit while enjoying rewards.
Pros:
- Guaranteed approval with a security deposit
- Earns cash back on everyday purchases
Cons:
- Higher interest rates compared to some unsecured cards
- Requires a refundable security deposit
The Secured Neo Mastercard is a practical option for individuals seeking to build or rebuild their credit while earning cash back on everyday purchases. With its guaranteed approval and manageable annual fee, it may be particularly suitable for those who are new to credit or have had difficulty obtaining unsecured credit cards.