Offers
FlyerFunds Rebate
If you apply for the Neo Secured World Elite Mastercard through Frugal Flyer and are approved, you can receive an additional $100 paid directly to you.
Earning Cash Back
The Neo Secured World Elite Mastercard earns cash back for all purchases made on the card:
- 5% cash back for every dollar spent on grocery purchases (up to $12,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 6% cash back on grocery purchases.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 7% cash back on grocery purchases.
- 4% cash back for every dollar spent on recurring bills (up to $6,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 4.5% cash back on recurring bills.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 5% cash back on recurring bills.
- 3% cash back for every dollar spent on gas and electric vehicle charging purchases (up to $12,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 3.5% cash back on gas purchases.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 4% cash back on gas purchases.
- 1% cash back for every dollar spent on all other eligible purchases.
Holding a minimum balance in your Neo Everyday Account will increase the cash back earned on groceries, recurring bills, and gas purchases as specified above.
Once the spending cap is reached in a specific category, all future purchases in that calendar year will earn 1% cash back.
Redeeming Cash Back
Cash back earned on the Neo Secured World Elite 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.
Fees & Eligibility
| Personal Income | $80,000 |
| Household Income | $150,000 |
| Annual Fee | $125.00 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 19.99% - 29.99% |
| Cash Advance Rate | 22.99% - 31.99% |
| Balance Transfer Rate | 22.99% - 31.99% |
Insurance Coverage
The Neo Secured World Elite Mastercard offers a suite of insurance coverages:
- Extended warranty
- Purchase protection
- Auto rental collision loss damages
- Comprehensive travel insurances
View the Neo Financial Insurance Certificate page for additional details, including terms and conditions for eligibility.
Card Awards
Each year, we review the Canadian credit card market and determine which cards are worthy of extra recognition in our Best Credit Card Awards. In 2025, we selected the Neo Secured World Elite Mastercard to receive the award for Best Secured Credit Card.
Top Neo Credit Cards
| Credit Card | ||
|---|---|---|
 |
60,000 Asia Miles Estimated value: $960 |
|
 |
0 cash back and $100 FlyerFunds Estimated value: $100 |
|
 |
0 cash back and $60 FlyerFunds Estimated value: $60 |
|
 |
25 cash back and $25 FlyerFunds Estimated value: $50 |
|
 |
0 cash back and $50 FlyerFunds Estimated value: $50 |
|
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.