Who waits for mail? Neo virtual cards are ready instantly.
Balance protection

Everyone needs a fallback plan.

Balance protection insurance can help cover your credit card payments when the unexpected happens.

alt

Protect your credit, protect your future

Balance protection is optional coverage¹ you can add to any Neo credit card. It can cover your minimum monthly payments or your full outstanding balance in times of hardship. You can cancel anytime².

alt

What balance protection covers

Balance protection insurance covers up to $30,000 total benefits³ per card.

  • Job loss

    If you lose your job involuntarily (including self-employment), coverage may cover your minimum payments for up to 12 months³.

  • Disability

    If an accident, illness, or disability keeps you from working, coverage may cover your minimum payments for up to 12 months³.

  • Critical illness and life

    If you’re diagnosed with a critical illness, suffer a covered injury, or pass away, coverage may pay off your full outstanding balance³.

  • Lifetime milestones

    Celebrate life’s big moments with a one-time payment of up to $2,000⁴.

alt

Peace of mind starts from $1.39

Pay as little as $1.39 per $100⁴ of your account balance on your statement date.

For example: A card with a $500 average daily balance = $6.95 (plus tax) for the month.

Balance protection

Add balance protection in minutes

Log in to the Neo app to add balance protection to your card today.

Download on the App StoreGet it on Google Play
alt

Got questions?

We've got answers.

Add balance protection today

Protect your credit and your future with balance protection.