Secured credit cards at Neo
All of Neo's credit cards are available with a secured credit limit so you can build your credit history and work towards your financial goals.
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How secured credit cards work at Neo
Secured credit is one of the simplest ways to build or rebuild your credit. You provide refundable security funds¹ that become your credit limit—and then you use it like any other credit card. Every on-time payment is reported to Canada's major credit bureaus, helping you build credit history over time.
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Set it, Use it, grow.
- Step 1: Set your limit
Set your own credit limit by setting aside security funds. You can start from as little as $50 for most cards. Your security funds are fully refundable¹.
- Step 2: Use your card
Shop online, in-store, or anywhere Mastercard is accepted. Your Neo credit card works just like a regular credit card.
- Step 3: Build your credit history
Every payment you make is reported to both TransUnion and Equifax. Consistent and on-time payments can help improve your credit score over time.
- Step 4: Grow with Neo
As you demonstrate responsible usage, you may become eligible for other credit products from Neo.
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What makes Neo different
In Canada, most secured cards are basic, no-frills products with limited rewards. At Neo, a secured limit doesn't restrict your card options—it just changes how your credit limit is set. If you meet the income requirements, you can get any Neo secured credit card. Just set aside security funds to get started.
Secured credit cards
Neo Mastercard
The ultimate entry card for building credit, with rewards on everyday spending.
No minimum income requirement
$0
Neo World Mastercard
No-annual-fee with great cashback on the categories you care about.
Minimum income requirement: $50,000 (individual) or $80,000 (household)
$0
Neo World Elite® Mastercard
Canadian-leading cashback rates on daily spending paired with premium travel insurance².
Minimum income requirement: $80,000 (individual) or $150,000 (household)
$149
United® MileagePlus® Neo World Elite® Mastercard
Earn MileagePlus miles and enjoy perks like free checked bags with the world's largest airline.
Minimum income requirement: $80,000 (individual) or $150,000 (household)
$89
Cathay World Elite® Mastercard – powered by Neo
Get exclusive Cathay benefits and earn Asia Miles to put towards your next trip.
Minimum income requirement: $80,000 (individual) or $150,000 (household)
$180
Cards built for modern life
Instant virtual card
Don’t wait. Start spending before your physical card arrives.
Real-time alerts
Stay on top of every transaction with instant alerts and fraud monitoring.
Mastercard Zero Liability
Help protect your card from purchases that you didn’t make³.
Auto-Pay
Set it and forget it. Never miss a payment with automatic payments.
Cashback offers
Earn more cashback when you shop at thousands of Neo partners.
Add an additional cardholder
Share access with a partner, family member, or anyone you trust⁴.
Your credit journey—in your pocket
Get the Neo app. Track your credit score, get insights, and more.
A membership designed for you
Neo’s Build membership is designed to help you grow your score and qualify for credit faster.
Apply in minutes today
Find the perfect card for you and check if you qualify before you apply.
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Have a question about secured credit cards?
Here are some common questions.
Ready to start building your credit history?
Apply in minutes. Get your virtual card instantly. Start building a stronger financial future with Neo.