Interested in this credit card? Earn by applying through Frugal Flyer.
The Neo Financial Secured Mastercard earns up to 5% cashback at partner retailers and offers guaranteed approval with only a $50 minimum deposit.
Check out our Neo Secured Credit Card review for more details.
Rewards Rates
Neo Financial Secured cardholders can earn an average of 5% cash back at partnered retailers across Canada. Cardholders are also eligible to receive up to 15% cash back on their first purchase at specific partners.
Log into the Neo Financial app to review all of the retailer partners, including their cash back earning rates.
Neo Cashback Guarantee: At the end of the month if the cash back earned on all purchases is less than 1%, Neo will supplement the cash back earned and top up the cardholder’s account to 0.5% cash back. As a result, the Neo Financial Secured card has a base earning rate of 0.5% cash back on all purchases.
Redeeming Cash Back
Cash back earned on the Neo Secured Mastercard is instantly deposited into a ‘Rewards Wallet’ which can then be redeemed towards a statement credit, transferred to your Neo Everyday account, or used for merchandise on the Neo Store.
A minimum balance of $1.00 in cash back must be earned before a redemption can be made.
Top Neo Credit Cards
| Credit Card | ||
|---|---|---|
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40,000 Asia Miles and $100 FlyerFunds Estimated value: $740 |
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0 cash back and $100 FlyerFunds Estimated value: $100 |
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0 cash back and $100 FlyerFunds Estimated value: $100 |
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0 cash back and $60 FlyerFunds Estimated value: $60 |
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25 cash back and $25 FlyerFunds Estimated value: $50 |
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False information on the annual fee. This card has a $5 annual fee.
Hi Alex,
It looks like you are correct, a $5 monthly fee was implemented in Sept 2024. We have updated the page to reflect that. Thanks.