Secured Neo Mastercard 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

Secured Neo Mastercard4.8/5

Neo Financial

Annual fee
CA$95.88
Rewards rate
5%-1%
Welcome Bonus
CA$25 to CA$60
Apply Now →on Neo Financial's website

  • 5%Cash back at partner retailers
  • 1%Cash back on gas and groceries

Welcome Bonus:

The Secured Neo Mastercard often features a $25 to $60 welcome bonus upon approval or with a first purchase.

Reward Rate:

Earn an average of 5% cash back at partner retailers and a guaranteed 1% minimum cash back on gas and groceries.

The Secured Neo Mastercard stands out as the top choice because it offers a unique combination of high rewards and guaranteed approval, making it ideal for those looking to build credit while earning cash back.

Pros:

  • High rewards for a secured card
  • Instant approval with no hard check

Cons:

  • Monthly fee can add up
  • Requires a refundable deposit
Apply now →

The Secured Neo Mastercard is well-suited for individuals seeking to establish or rebuild their credit history while earning rewards on their purchases. With its guaranteed approval and competitive cash back rates, it may appeal to those who may have limited options due to their credit status, though the annual fee should be considered in the overall cost-benefit analysis.

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