Neo Secured Credit

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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 Cash Back Cards You Might Consider

Credit Card Welcome Bonus Net Value
TD Cash Back Visa Infinite Card 350 cash back $350 Apply
American Express SimplyCash Preferred Card 400 cash back $280 Apply
BMO CashBack World Elite Mastercard 250 cash back $250 Apply
Scotiabank Momentum Visa Infinite Card 200 cash back $200 Apply
BMO CashBack Business Mastercard 150 cash back $150 Apply

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