Interested in this credit card? Earn by applying through Frugal Flyer.
The Neo Financial Secured credit card earns up to 5% cashback at partner retailers, a minimum of 0.5% across all purchases, has no annual fees, and is guaranteed approval with only a $50 minimum deposit. In 2024, we selected this card as the Best Secured Credit Card.
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 rewards earned from the Neo Financial Secured card can be redeemed instantly at any time. They will show as a statement credit on your Neo Financial card.
Other Neo Credit Cards You Might Consider
| Credit Card | Welcome Bonus | Net Value | ||
|---|---|---|---|---|
 |
Neo Cathay World Elite Mastercard | 27,000 Asia Miles | $252 | Apply |
 |
Neo Credit | 0 cash back | $0 | Apply |
 |
Neo World Mastercard | 0 cash back | $0 | Apply |
 |
Neo World Elite Mastercard | 0 cash back | $-125 | Apply |
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.