Secured Neo Mastercard
Neo Financial
Annual fee
CA$95.88
Rewards rate
5%-1%
Welcome Bonus
CA$25
Apply Now →on Neo Financial's website
- 5%Cashback at partner retailers
- 1%Cashback on gas and groceries
Welcome Bonus:
New applicants can typically receive a welcome bonus of $25 in cashback upon approval.
Reward Rate:
Earn an average of 5% cashback at over 10,000 partner retailers and a base 1% cashback on gas and groceries.
The Secured Neo Mastercard stands out as the top choice because it offers guaranteed approval and high cashback rewards, making it ideal for those looking to rebuild their credit while earning rewards.
Pros:
- Guaranteed approval
- High cashback rewards
Cons:
- Higher interest rates
- Requires a security deposit
The Secured Neo Mastercard is a suitable option for individuals seeking to rebuild their credit history while also earning cashback rewards on their purchases. With guaranteed approval and a straightforward fee structure, it may appeal particularly to those who are new to credit or have had previous credit challenges.