NO CREDIT SCORE REQUIRED.
Build your credit history while earning cashback. Neo customers grow their score by up to 63 points in just 3 months.†
1% cashback on gas and grocery¹
Up to 15% with Neo partners²
$7.99/month fee waived with $5,000+ in deposits with Neo⁹
Monthly fee
$7.99
Minimum income
None
Additional cardholder fee
$10
Purchase interest
19.99% - 29.99%
How does a secured credit card work?
Apply in Minutes
Provide your information and submit your application. Approval is guaranteed⁶ and it only takes a few minutes.
Fund Your Card
Open a Neo Everyday account and deposit $50 or more via Interac e-Transfer® or linked bank account to set your credit limit.
Start Building
Your security fund is fully refundable.⁷ Use your card for everyday purchases and watch your credit history grow.
More Secured Neo Mastercard Benefits
Schedule card payments
Set up auto-pay so you never miss a monthly payment.
Mastercard Zero Liability³
Help protect your card from purchases you didn’t make.
Financial insights
Get a live, personalized view of your spending.
Costco® exclusive
Mastercard is the exclusive credit card accepted at Costco warehouses across Canada.
Instant virtual card access
Start spending as soon as you’re approved with your virtual card.
Auto-Pay
Set and forget payments so you can stay on top of bills.
Take the guesswork out of credit building.
Unlock powerful tools to build your credit history and help increase your limit with the Build membership.
Personalized tools to help you build your credit score
View your score & track your progress in the Neo app⁸
Unlock higher credit limits in as little as 3 months
Simplicity that doesn’t sacrifice security
Every Neo Mastercard comes with advanced technologies to protect your privacy and help prevent unauthorized purchases.
- Real-time alerts
Get notified when your card is used so you’ll never find a surprising purchase on your statement.
- Advanced fraud monitoring
Neo uses AI to monitor for unusual activity while keeping your personal data private.
- App Controls
Lock your card instantly from the app if you lose your card or suspect any unusual behaviour.
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Interested in more options?
Explore other cashback credit cards.
Neo Mastercard
Secured Neo World Mastercard®
Monthly Fee
$7.99
Personal minimum income
$50,000/year
Household minimum income
$80,000/year
Grocery¹
Gas¹
Recurring payments¹
Everything else¹
No credit score required
Have a question about secured credit cards?
Here’s some common questions about security funds and credit building.