Credit Based on Potential, not History

Secured Credit Card, No Credit Check!

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★★★★★

Customer Reviews

Guaranteed Secured Mastercard

Apply Now, Get $25

$0

Minimum Income

5%

Average Unlimited Cashback

$50-$10,000

Credit Limit

$25

Sign-up Bonus

Neo Guaranteed Secured Mastercard Features at a Glance:

Guaranteed and Instant Approval regardless of bad or no credit score.
Build, improve or repair your credit.
Requires no hard credit check to apply.
Get credit with a Mastercard that reports to the two leading credit reporting agencies in Canada – TransUnion & Equifax.
15% cashback welcome bonus ($25 value) with ongoing unlimited 5% cashback at 10,000+ partners.
Credit limit: $50-$10,000.
Flexible Limits: Increase your credit limit whenever you need.
Purchase Rate: 19.99% – 29.99%
Cash Advance Rate: 22.99% – 31.99%
Annual Fee: $0
Build membership: $7.99/month, with ways to get it for free.
Security funds are required. What are security funds?
New To Credit or Bad Credit? No Problem!

See Card Perks

Apply Now, Get $25

You’re Guaranteed Instant Approval as long as you meet these three conditions:

1. You’re a resident of Canada – International IDs accepted.

2. You’re at least the age of majority in your province or territory of residence.

3. You provide the necessary security funds – between $50 to $10,000.

How to Get this Mastercard and Start Building Your Credit

A secured credit card for ALL, regardless of your credit history.

Apply

Apply Now and submit your completed online application for the Guaranteed Secured Mastercard. Unlike traditional credit cards, Neo won’t check your credit history, and you are guaranteed approval.

Provide Security Funds

Receive instant approval and provide the required security funds – these act as collateral and help show Neo Financial you’re committed to using the card responsibly. Get started with just $50.

Build Credit

Establish, improve or repair your credit score with responsible use while earning cashback rewards – all with no annual fee. Unlike a debit or prepaid card, Neo will report your credit card activity to credit reporting agencies monthly.

Apply Now & Get $25 Sign-up Bonus →

The card is great – tons of cash back rewards at local businesses, really intuitive and helpful messaging about your credit. And the app is awesome too, rewards map/search, granular card management… that I’ve never seen for another credit card.

G. Jones – Neo Customer

Ratings and Reviews

⭐️⭐️⭐️⭐️⭐️ 4.5/5
Customer Reviews
Read Neo Secured Card Review >

Half of Neo secured card users improve their credit score by an average of 26 points in just 3 months

Improve Your Credit

Neo Financial reports your credit card activity to Canadian credit reporting agencies on a monthly basis. Use your card responsibly to help establish or improve your credit.

Build for the Future

A good credit score gives you more options – it can help you get better interest rates on loans and can increase your chances of getting approved for an apartment rental or mortgage.

Voted Canada’s Best Cashback Card for a Reason

So many ways to earn cashback.

5%

Average Cashback.

Earn an average of 5% unlimited cashback at 10,000+ of Neo partners.

15%

Welcome Bonuses.

Earn up to 15% cashback on your first purchase at participating partners.

1%

Cashback on Essentials.

Earn 1% cashback on everyday essentials – groceries, gas and EV charging.

Get Started Now, Get $25 →

Neo Secured Credit Card Perks

Whether you’re into travel, food, or staying fit, adding perks to your Neo Secured Credit card can transform your rewards experience and help you get more from all the things you need and love.

Everyday Essentials

• 1.5x more boosted cashback on gas, grocery, and recurring payments.
• Exclusive offers at major wholesale stores like Costco and Walmart.
• Life insurance protection to cover your card balances.

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neo-bundles-travel-neo-financial-travel-card

Travel Perks

• 2% cashback on foreign transactions.
• Boosted cashback at travel partners.
• Worldwide airport lounge access.
• Comprehensive travel insurance coverage for trip cancellation, flight delay, and more.

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Mastercard Benefits

Mastercard Global Service™

If your card is lost or stolen, this service provides emergency card replacement, emergency cash advance, 24/7 telephone access and referral to the closest ABM.

Zero Liability

If you’re worried about unauthorized charges being made to your account, relax. As a Capital One cardholder, you’re protected. We provide Zero Liability for the unauthorized use of your card. That means you won’t pay for any unauthorized purchases on your card.

Apply Now & Get $25 Sign-up Bonus →

FAQs

Frequently Asked Questions (FAQs) about the Neo Secured Mastercard™

Will the Neo secured card require a credit check for approval?

No, there are no hard credit checks for the Neo secured card. Approval is guaranteed and instant regardless of good, low, or no credit score.

Does the Neo Guaranteed Secured Mastercard Report to the Credit Bureaus?

Yes, Neo reports live secured card transactions to the two main credit bureaus in Canada, TransUnion and Equifax. Equifax and TransUnion® use that information to compile credit reports and issue credit scores based on your financial behaviours.

What are the benefits of reporting to both credit bureaus?

Reporting to both Equifax and TransUnion® means lenders, employers, insurance companies, mobile phone companies, landlords, or anyone else who checks your credit score will have a more complete view of your credit profile and credit history. Depending on the lender, they pull information from one or both credit bureaus, so it’s beneficial to have your Neo Credit payments reported to both bureaus. With a more complete picture, you can better understand how to help build and maintain your credit score and history.

Is there a minimum income requirement for the Secured Neo Mastercard?

There is no minimum income requirement for this card. Whether you are unemployed, a student, a stay-at-home parent, a new comer to Canada; your approval is guaranteed.

How can I check my credit score?

You can easily check the progress of your credit score using TransUnion® in the Neo app at any time. To check your credit score using Equifax, you can check it for free directly through Borrowell.

Can I have more than one credit score?

Yes, you can have more than one credit score, depending on the credit bureau. It’s normal for your credit score to differ between credit bureaus because Equifax and TransUnion® use their own proprietary scoring algorithms to calculate your credit score. Although both credit bureaus calculate credit scores based on the same factors (payment history, credit utilization, length of credit history, types of credit and number of inquiries), they may weigh those factors differently and have different information about your credit history.

What is the minimum amount I have to set aside for security funds?

Only $50, because wealth should never (ever) be a condition for building credit.

How much is the credit limit?

Your credit limit is equal to the amount of security funds you’ve set aside. This means you choose your limit based on your comfort level. For example, if you set aside $500 as your security fund, your credit limit is $500. The minimum security fund amount to get started is $50.

Is this a secured credit card?

Yes – but unlike other secured credit cards, the Neo secured card rewards you with cashback at thousands of places with no annual fees.

How does cashback work with a Neo Mastercard?

You earn instant cashback on your purchases, and it’s available in your wallet right away to use however and whenever you’d like.

What makes the Neo secured card different from traditional credit cards?

The Neo secured card may help you build your credit while earning cashback rewards. Unlike traditional credit cards, Neo won’t check your credit history, and you’re guaranteed approval. You can use the Neo secured card just like you would any other traditional credit card, anywhere Mastercard® is accepted.

Does Neo offer supplemental cards?

Yes, you can invite a spouse, family member, or someone close to you to get an additional card, making it easier to earn rewards and manage your expenses.

Is the Neo secured card a prepaid card?

No, this is better. With a prepaid card, as you spend the funds, your balance decreases, and the card must be reloaded. The Neo secured card is like any other credit card, where you borrow money (your credit) and pay your monthly statement. Security funds don’t mean your card is paid off; they only act as a payment guarantee. Plus, unlike with other cards, you’re getting rewarded with cashback everywhere you shop that you can cash out anytime for anything – including statement credit.

Will I get my security funds back?

Yes – your security funds will be returned to you if you decide to close your account and your balance has been paid off in full or if you move from the secured Neo Card™ to the standard Neo Card™.

Does Neo charge any fees?

The Neo secured card has no annual fees. It requires the Build membership to get features to help strengthen your credit. This membership costs $7.99 per month, and there are ways to get it for free.
You get credit score monitoring and personalized insights. See your credit score instantly (view it live), explore changes to your score over time, and get a sense of how good your score is on a general scale.

What is the Purchase Credit Rate / APR?

The Purchase Credit Rate / APR on the Neo Card™ is 19.99%-29.99%, and the Cash Advance Rate is 22.99%-31.99%. The standard rate for purchases and cash advances depends on Neo’s assessment of your credit application, credit profile, and province. See your Cardholder Disclosure at the time of application for your specific rate.

Is Neo Financial Legit?

Yes, Neo Financial is legit and safe. The Neo secured Mastercard, the standard Neo Card™ and the Neo Hudson’s Bay Mastercards are issued by ATB Financial pursuant to a license by Mastercard International Incorporated. ATB Financial is owned by the Government of Alberta.