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  • $0 Annual Fee
  • $30 Welcome Bonus
  • 5% Rewards Rate
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Join Neo and get $30 in sign up bonuses - Claim this offer

Neo Secured Credit Overview

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**Limited Time Offer: Sign up for the Neo Credit or Neo Secured Credit using this link to receive an exclusive $25 welcome offer**

Plus, get a $5 sign up bonus when you get a Neo Money account, that’s a total of $30 in bonuses!

Neo Secured Credit is a game-changer for anyone with poor credit or no credit history. It offers guaranteed approval for eligible applicants, regardless of credit ratings. This is especially beneficial if you’re a foreigner living in Canada who can’t get a credit card.

It functions like a regular credit card for the most part. However, you’ll need to deposit cash into your account equal to your card limit.

Neo Secured Credit comes with enticing benefits, including its $0 annual fee. Secured cards cost an average of $120 per year. With the Neo Secured card, you will save $120 every year.

Unfortunately, the card doesn’t provide insurance, such as an extended warranty and mobile device coverage. Instead, it offers up to 15% cashback on your first purchase from Neo’s partner stores.

From then on, you’ll earn up to 5% cashback at local and national Neo partners. This is great because most secured cards don’t offer cashback rewards.

Some of Neo’s partners and the rewards you can earn include Loblaws (1%), Amazon (2%), Dollarama (3%), and Canadian Tire (2%). What’s more, you can upgrade your cashback earning potential up to 6% by purchasing one of Neo’s reward plans.

Neo are now able to offer up to $10,000 in credit limit, instantly for Neo Credit. Please apply this update to any copy where necessary on Neo listings and, if applicable, expand the scope of availability based on this update.

Essential Information




Neo Financial

Card Type



Neo Secured Credit offers a welcome bonus and cashback on everyday purchases.

Welcome Bonus

Your first purchase with your Neo Secured Credit account can earn you up to 15% cashback at most participating stores.


With Neo Secured Credit, you will earn:

  • Up to 5% cashback at local and national Neo partners
  • 15% welcome bonuses on first time purchases with Neo partners

Plus you earn 2% cashback at the pump or in the store at Shell gas stations and 4% through the Shell app in Alberta, BC, Manitoba, Ontario, and Saskatchewan.

Rewards Plans

Neo Secured Credit comes with the option of increasing your cashback by purchasing one of Neo’s available rewards plans. The Standard Rewards plan is free for all Neo customers. It earns you an average of 4% cashback at Neo partners.

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Key Perks

  • Guaranteed approval.
  • No annual fees and over-limit fees.
  • Access to a card freezing feature through the Neo app.
  • Track spending with real-time notifications.
  • Ability to cash out your rewards at any time.
  • Fraud liability protection alerts you when there’s suspicious activity on your card.
  • Ability to link your Neo Secured Credit account to digital wallets, such as Apple Pay and Google Pay.

Costs and Fees

  • Standard plan annual fee: $0
  • Interest rate: 19.99%-26.99%
  • Cash advance rate: 22.99%-28.99%
  • Overlimit fee: $0
  • Inactive fee: $0
  • Foreign exchange fee: 2.5%

*For Quebec residents, please follow the purchase rate and cash advance below:

  • Purchase Rate: 19.99%-24.99%
  • Cash Advance: 22.99%-25.99%

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FAQs about
Neo Secured Credit

Is Neo Secured Credit a Credit Card?

Yes, Neo Secured Credit is a regular credit card used to make purchases. All of your transactions are disclosed to the credit bureaus automatically.

Is It Difficult to Get Neo Secured Credit?

Neo Secured Credit offers guaranteed approval, making it one of the easiest cards to get in Canada.

Who’s Eligible for Neo Secured Credit?

You can apply and be approved for this secured card with any credit score. Neo Financial does not run a hard credit check on you. You must be a Canadian resident and the age of majority in your province to get the Neo Secured card.

What Is the Income Requirement for a Neo Secured Card?

There's no specific income requirement. However, Neo Financial will ask if you have a source of income.

Where Is Neo Secured Credit Accepted?

Neo Secured Credit can be used anywhere MasterCard is accepted. You can also check the Neo app or go to Neo Financial’s website to see where the card is accepted.

How Do I Activate My Neo Secured Credit account?

To begin, go to the Neo app or website and log in to your account. Click the 'card' icon in the app or on the website. Click the 'Activate your physical card' button to activate your Neo secured card. Fill in the details of your new card. Once you've reviewed your pin, you're done.

What Is Neo Secured Credit's Limit?

The credit limit on Neo Secured Credit can be between $50 and $10,000. Your first deposit determines your credit limit on the secured card. For instance, if you deposit $3,500, your credit limit is $3,500. This means you can’t make purchases on credit beyond $3,500.

How Do I Increase My Credit Limit?

You'll need to increase your security deposit to increase your credit limit.

General Terms

¹Average based on current offers. Cashback varies per offer and partner. ²Top-up is limited to $5,000 of spending per month at non-partners. All product and company names are trademarks or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Card issued by ATB Financial pursuant to license by Mastercard International Inc. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Inc.

Neo Secured Credit Details

Neo Financial
Network Provider
Card Type
Guaranteed, Secured
Annual Fee
Purchase Interest Rate
Cash Advance Rate
Credit Needed
Poor (300 - 559)

Neo Secured Credit Offices

Phone Number
1 (855) 636-2265
7 days a week from 7:00 am to 8:00 pm MT
800 W Pender St Vancouver BC V6C 2V6 Canada
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Neo Secured Credit Card Details
  • Min. Credit :
    Poor (300 - 559)
  • Card Type : Guaranteed, Secured
  • Providers : Neo Financial
  • Network Provider : Mastercard
Neo Secured Credit Social Media
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