- A physical and digital secured card that doesn't require a hard credit check
- Security funds minimum of only $50, because wealth should never be a condition for building credit
- Guaranteed approval for all Canadians
- Earns cashback on everyday spending
- 15% welcome bonus cash back on your first purchase at 10,000+ Neo partners
- Average of 5% cash back at Neo partners
- No monthly or annual fees for free Standard rewards plans
- Track spending with real time notifications and view balance in seconds
- Cash out your rewards at any time.
- Issued by ATB Financial pursuant to license by Mastercard International Inc.
4.5 / 5.0 (14 votes)
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Information - Rates - Fees

Intro APR:
Intro Period:
19.99% to 24.99%*
APR Type:
Annual Fee:
Card Network:
Card Category:
Consumer (Secured)
Card Type:
Build Credit
Guaranteed Approval
New to Credit
Sign-Up Bonus
Virtual Card
Reward Card
Credit Needed:
Bad Credit OK*
Grace Period:
21 days*
Min Credit Line:
Late Payment Fee:

Balance Transfers

Balance Transfer:

Cash Advances

APR on Cash Advances (%):

Other Fees

Additional Fees
- FX Fee: 2.5%
- Purchase: 19.99%-26.99%
- Cash Advance: 22.99%-28.99%
For QC
- Purchase: 19.99%-24.99%
- Cash Advance: 22.99%-25.99%

CreditCardsLab is compensated by featured partners, but editorial opinions are our own.

Review by

The Neo Card (Secured) is a credit card designed to help users build their credit on their own terms. With guaranteed approval and no hard credit checks, this card offers flexible limits and instant, unlimited cashback with no annual fees. Plus, users can easily increase their credit limit whenever they need to. Overall, the Neo Card (Secured) is a great option for those looking to build or rebuild their credit in a responsible and manageable way.
This card offers a virtual option as well, allowing users to use their card instantly. Additionally, the Neo Card (Secured) offers a generous rewards program, including up to 15% cashback on first-time purchases and an average of 5% cashback at thousands of partner locations. Plus, cashback earned can be spent however the user likes. With a $25 cashback bonus for opening an account, the Neo Card (Secured) is a great way to start building credit and earning rewards.
One potential drawback of the Neo Card (Secured) is that it requires a security deposit to be made, which will determine the card's credit limit. However, this can be a small price to pay for those looking to establish or rebuild their credit.
The Neo Card (Secured) is ideal for those who have limited or no credit history, those with a poor credit score, or those who simply want to improve their credit. By responsibly using the card, users can establish a positive credit history and increase their chances of being approved for other credit products in the future.
In addition to the Neo Card (Secured), Neo Financial offers a range of other financial products, including the Neo Card (Credit), Neo Money (Prepaid), Neo Travel Card, and Neo Everyday Essentials Card. Each product offers unique features and benefits, allowing users to choose the best option for their financial needs.
Overall, the Neo Card (Secured) is a great option for those looking to build or rebuild their credit while also earning rewards. With flexible limits, instant cashback, and a generous rewards program, this card is a smart choice for anyone looking to take control of their credit.


Most attractive:
- Guaranteed approval
- Flexible limits allow you to increase your credit limit as needed
- Instant, unlimited cashback
- No annual fees
- Virtual card available to use instantly
Least attractive:
- Requires a security deposit
- High interest rate of 19.99% APR
- Limited credit limit initially


- 15% welcome bonus cash back on your first purchase
- 5% cash back at Neo partners
- 1% cash back across all purchases
Yearly Limit:
Online Access:
100% Guarantee Approval:
Credit Reporting:

*The information provided for Neo Secured Card is believed to be accurate at the time of evaluation (Jul 19, 2023). We strongly advise visitors to review the fees, terms and conditions to verify accuracy of the information posted prior to applying for the product.

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