{"id":966325,"date":"2022-01-05T15:20:29","date_gmt":"2022-01-05T20:20:29","guid":{"rendered":""},"modified":"2026-05-28T21:35:30","modified_gmt":"2026-05-29T01:35:30","slug":"neo-secured-card-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/credit-cards\/neo-secured-card-review","title":{"rendered":"Neo Secured Mastercard review"},"content":{"rendered":"<p>Designed for borrowers with less-than-good credit, this card does not require a credit check, and the amount of your security deposit determines your purchase limit.<\/p>Neo Financial is an online financial institution that offers credit cards, spending and savings accounts, investment solutions and mortgages. Neo gives Canada&#8217;s Big Banks a run for their money, but its secured credit card might not be right for everyone. Keep reading to find out why.<br \/><a class=\"more-link-arrow\" title=\"Related\" href=\"https:\/\/www.finder.com\/ca\/banking\/neo-financial\">Learn more about Neo Financial products<\/a><\/p><h3>Neo membership plans<\/h3><p>There are three Neo plans available. To get a Secured Mastercard, you&#8217;ll need to choose either the Build or Grow plans.<ul><br \/> \t<li><strong>Essentials ($0):<\/strong> Earn 2.25% interest with Neo Savings, and get free everyday transactions and insights into your spending.<\/li><br \/> \t<li><strong>Build ($0\u2013$7.99):<\/strong> Comes with everything in the Essentials membership plus access to secured credit, 2.50% interest with Neo Savings, Neo Money ATM fee reimbursements and access to credit-building and monitoring tools.<\/li><br \/> \t<li><strong>Grow ($0\u2013$12.99):<\/strong> Comes with everything in the Essentials and Build memberships (including access to secured credit) plus 3.00% interest with Neo Savings, premium support and FX fee rebates on the first $10,000 CAD spent in foreign currency.<\/li><br \/><\/ul><div class=\"signpost-cta type-default u-bg--lime-500\" data-component=\"signpost-cta\" data-component-type=\"default\" data-component-placement=\"in-content\" data-click-target=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\">\n\n    <div class=\"signpost-cta__content\">\n\n        <div class=\"signpost-cta__display-col\">\n                            <svg class=\"signpost-cta__icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"64\" height=\"42\" viewBox=\"0 0 314.16 201.03\" fill=\"none\">\n                    <path d=\"M212.32,190.62c-19.66,0-38.8-6.44-54.42-18.24-15.63,11.79-34.77,18.24-54.42,18.24-49.84,0-90.39-40.55-90.39-90.39V9.83h199.24c49.84,0,90.39,40.55,90.39,90.39s-40.55,90.39-90.39,90.39Z\" fill=\"white\"><\/path>\n                    <path d=\"M212.32,15.9c46.57,0,84.33,37.75,84.33,84.33h0c0,46.57-37.75,84.33-84.33,84.33h0c-20.75,0-39.74-7.51-54.42-19.94-14.69,12.43-33.68,19.94-54.42,19.94h0c-46.57,0-84.33-37.75-84.33-84.33V15.9h193.18M212.32,3.76H7.01v96.46c0,53.19,43.27,96.46,96.46,96.46,19.47,0,38.46-5.92,54.43-16.84,15.96,10.91,34.95,16.84,54.42,16.84,53.19,0,96.46-43.27,96.46-96.46S265.51,3.76,212.32,3.76h0Z\" fill=\"#232320\"><\/path>\n                    <path d=\"M216.34,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n                    <path d=\"M105.92,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n                <\/svg>\n                    <\/div>\n\n        <div class=\"signpost-cta__text\">\n    <p class=\"signpost-cta__heading\">Need to borrow money with no credit check?<\/p>\n            <p class=\"signpost-cta__description\">Check out cash advance apps<\/p>\n    <\/div>\n\n    <\/div>\n\n    <div class=\"signpost-cta__action\">\n            <a href=\"https:\/\/www.finder.com\/ca\/cash-advance-apps\" class=\"luna-button luna-button--primary signpost-cta__button\" data-tracking=\"signpost-cta-click\">Let's go<\/a>\n        <\/div>\n<\/div>\n\n<h3>Neo membership plan costs<\/h3><p>Between Neo&#8217;s three plans\u2014Essentials, Build and Grow\u2014you&#8217;ll pay anywhere from $0\u2013$12.99 per month. However, it&#8217;s possible to get any of the plans for $0 per month with one of the following two ways:<\/p><ul class=\"list-1\"><li><strong>Save your money with Neo.<\/strong> The Build membership fee is eliminated if you maintain at least $5,000 across your Neo Chequing, Neo Savings, or Neo High-Interest Savings accounts, and there&#8217;s no Grow membership fee if you maintain a balance of $20,000+ with Neo.<\/li><li><strong>Get a World Elite Mastercard.<\/strong> There&#8217;s no Build membership fee with the Neo World Elite Mastercard or Cathay World Elite Mastercard.<\/li><\/ul><p><a class=\"more-link-arrow\" title=\"Related\" href=\"https:\/\/www.finder.com\/ca\/credit-cards\/neo-secured-credit-card-alternatives\">Discover Neo Secured Mastercard alternatives<\/a><\/p><h3>Neo credit card perks<\/h3><ul class=\"list-1\"><li><strong>Easy to get approved.<\/strong> It&#8217;s fairly easy to get approved for a secured credit card as there&#8217;s no credit check.<\/li><li><strong>Flexible spending limits.<\/strong> You control your purchase limit. Spend up to the amount deposited on your card in advance, which can be anywhere from $50 to $10,000.<\/li><li><strong>Improve your credit score.<\/strong> The Neo secured card is a real credit card, and your activity gets reported to Canadian credit bureaus. Using your card responsibly could improve your credit score.<\/li><li><strong>Accelerated cash back.<\/strong> Spend to earn an average of 5% cash back at Neo partner retailers and 1% cash back on groceries, gas and EV charging.<\/li><li><strong>Premium plan perks.<\/strong> With the Build or Grow membership plans, you&#8217;ll get access to extra perks like a higher Neo Savings interest rate, credit building and monitoring tools, Neo Money ATM fee reimbursements and the option to secure your credit limit.<\/li><li><strong>Multiple ways to add funds.<\/strong> Simply link an external account or send Neo an Interac e-Transfer to load funds into your account.<\/li><\/ul><h3>What to watch out for with the Neo Secured Credit Card<\/h3><p>Unlike it&#8217;s counterpart, the <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/neo-financial-credit-card-review\">Neo Mastercard<\/a>, the Neo Secured Mastercard does not require a credit check, making it easy for those with bad credit to get approved. The tradeoff is that you&#8217;ll have to provide funds up front to spend.<\/p><ul class=\"list-3\"><li><strong>Deposit required.<\/strong> You can only spend funds deposited onto your card. This is refundable if you close the account at any point.<\/li><li><strong>High interest rates for bad credit cardholders.<\/strong> Neo determines your credit card interest rate when you sign up, and it could range from 19.99%\u201329.99% (up to 24.99% in QC) for purchases and 22.99%\u201331.99% (up to 25.99% in QC) for cash advances.<\/li><li><strong>No in-person service.<\/strong> As Neo Financial is an online insitution, you can&#8217;t get in-person service at a local branch.<\/li><\/ul><p>Use this card regularly and make on-time payments to improve your credit score. Once your financial profile strengthens, you can apply for <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\">other cards with more features<\/a>.<\/p><h3>Neo Secured Credit Card interest rates<\/h3><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"width: 50%; text-align: left;\" scope=\"col\"><b>Interest Type<\/b><\/th><th style=\"width: 50%; text-align: left;\" scope=\"col\"><b>Interest Rate<\/b><\/th><\/tr><\/thead><tbody><tr><td>Purchase interest rate<\/td><td>19.99%\u201329.99% (up to 24.99% in QC)<\/td><\/tr><tr><td>Cash advance rate<\/td><td>22.99%\u201331.99% (up to 25.99% in QC)<\/td><\/tr><\/tbody><\/table><h3>What should I know before I apply for the Neo Secured Mastercard?<\/h3><p>Here&#8217;s what you should know before applying for the Neo Secured Credit Card in Canada.<\/p><h4>Eligibility requirements<\/h4><p>To apply for the Neo Secured Mastercard, you must:<\/p><ul><li>Be a resident of Canada<\/li><li>Be at least the age of majority in your province or territory (18 or 19 years old)<\/li><li>Have at least $50 to provide for a security deposit (max. $10,000)<\/li><\/ul><h4>Required documents and information<\/h4><ul class=\"list-7\"><li>Your full name and contact information<\/li><li>Your Social Insurance Number (SIN) and date of birth<\/li><li>Your employment details<\/li><li>Your financial information, including any debts and assets<\/li><\/ul><h3>How to apply for the Neo Secured Credit Card<\/h3><ol><li>Go to the <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/credit-cards\/neo-secured-card-review-ca-secure.html?nb=1&src_country=ca&redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Neo%2BFinancial%2Bwebsite%22%2C%22site%22%3A%22CACCF%22%2C%22offer_id%22%3A%2223459%22%2C%22niche_code%22%3A%22CACCF%22%2C%22product_id%22%3A%22d07a3780-7217-4fef-81bb-ee48362b10bd%22%2C%22product_name%22%3A%22Neo%2BSecured%2BMastercard%22%2C%22provider_id%22%3A%22dd309337-1cc7-41b3-b99d-2c495fe53daa%22%2C%22provider_name%22%3A%22Neo%2BFinancial%22%2C%22post_id%22%3A%22966325%22%2C%22post_path%22%3A%22credit-cards%252Fneo-secured-card-review%22%2C%22post_country%22%3A%22ca%22%7D\">Neo Financial website<\/a>.<\/li><li>Create a Neo Financial profile (if you don&#8217;t already have one) using your name, email address and phone number.<\/li><li>Enter basic details such as your date of birth, address and employment information.<\/li><li>Verify your identity by taking a photo of yourself and your photo identification such as a driver&#8217;s license, provincial ID card or Canadian\/international passport.<\/li><li>Set your preferred credit limit and choose either the Build or Grow membership plan. Review and submit your application.<\/li><li>If approved, you&#8217;ll receive your card within 15 business days.<\/li><li>Activate the Neo Secured Mastercard online without signing into your account. Go to the account login page, select the <strong>Activate<\/strong> button and follow the prompts.<\/li><\/ol><section class=\"hero-rates__cta\">\r\n        <div class=\"applylinks CACCF has-margin-top-small\">\r\n          <a\r\n            class=\"luna-button luna-button--success luna-button--cta has-margin-bottom-xsmall\"\r\n            rel=\"nofollow\"\r\n            href=\"https:\/\/www.finder.com\/redirect\/ca\/credit-cards\/neo-secured-card-review-ca-secure.html?nb=1&src_country=ca&redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22d07a3780-7217-4fef-81bb-ee48362b10bd%22%2C%22product_name%22%3A%22Neo%2BSecured%2BMastercard%22%2C%22offer_id%22%3A%2223459%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.HERO_BUTTON_DYNAMIC_CTA%22%2C%22niche_code%22%3A%22CACCF%22%2C%22post_id%22%3A%22966325%22%2C%22post_path%22%3A%22credit-cards%252Fneo-secured-card-review%22%2C%22post_country%22%3A%22ca%22%7D\"\r\n            target=\"_blank\">\r\n            Go to site\r\n          <\/a>\r\n\r\n        <\/div>\r\n      <\/section><h3>Is the Neo Secured Credit Card safe?<\/h3><p>As a Money Services Business, Neo Financial is regulated by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada). The company partners with other well-known financial institutions to provide services, including Mastercard and Peoples Bank.<\/p><p>As an additional layer of protection for customers&#8217; accounts, Neo uses verification codes. If someone gains unauthorized access to your card, it&#8217;s easy to login and freeze your card, disable certain transactions or request a replacement card.<\/p><h3>I got the card&#8230; now what?<\/h3><p>Follow these steps to make sure you get the most out of your Neo Secured Mastercard:<\/p><ol><li>Make on-time repayments to build your credit and avoid paying unnecessary interest charges.<\/li><li>Read your service agreement carefully to know what fees you&#8217;ll need to pay before you use certain services.<\/li><li>Keep an eye on your credit score to make sure it&#8217;s improving.<\/li><li>Take advantage of cashback rewards by spending at Neo partner retailers, and track your rewards via Neo&#8217;s app.<\/li><\/ol><h3>Bottom line<\/h3><p>With cash back rewards, an easy online application and no credit check requirement, the Neo secured card is an attractive option for borrowers with all types of credit scores.<\/p><p>If you want benefits like travel and entertainment discounts, the Neo Secured Mastercard might not be right for you. But it&#8217;s a solid option if you&#8217;re having trouble qualifying for other credit cards and you&#8217;d like to earn cash back and enjoy other basic perks like credit score monitoring.<br \/><a class=\"more-link-arrow\" title=\"Related\" href=\"https:\/\/www.finder.com\/ca\/credit-cards\/cash-back-credit-cards\">Explore more cash back credit cards in Canada<\/a><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">Is the Neo Secured Credit Card a prepaid card or a credit card?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>The Neo Secured Mastercard is a genuine credit card, not a prepaid card. Your account will be reported to Canada's credit bureaus, so using this card will impact your credit score.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">What is the credit limit for a Neo Secured Credit card?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can deposit anywhere from $50 to $10,000, which becomes your Neo Secured Mastercard limit.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Can I use my Neo Secured Credit Card with Apple Wallet and Android Wallet?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, the Neo Secured Mastercard works with both Android Wallet and Apple Wallet.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Will I get my deposit back if I cancel my card?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, you'll get your deposit back after cancelling your Neo secured Mastercard and paying any outstanding balance.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">What other products does Neo Financial offer?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Neo Financial offers more than a cash back credit card. If you qualify, you can apply for the Neo Mastercard, Neo World Mastercard or Neo World Elite Mastercard. The Neo Savings Account pays up to 3.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 2.25% interest on balances up to $4,999.99, 2.50% on balances between $5,000.00 and $19,999.99 and 3.00% interest on balances over $20,000.00. <br \/>Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"<\/span> interest on your balance, and you can earn cashback when you spend with the Neo Chequing Account. Neo also offers actively managed investment portfolios and mortgages.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3><div class=\"sources sources__f1\" >\n    <link rel=\"stylesheet\" href=\"https:\/\/www.finder.com\/parent-theme\/shortcodes\/article-source\/prod\/article-source.87684078d471e76125dd.css\">\n    \n  <ul class=\"luna-accordionGroup accordionGroup\">\n    <li class=\"luna-accordion\" data-accordion=\"accordion\">\n      <div class=\"luna-accordion__summary\">\n        <h3 class=\"luna-accordion__heading\">\n          <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"sources_1302101560\" data-toggle=\"collapse\" data-target=\"#sources_1302101560\">\n            <span class=\"luna-accordion__title u-text--lg u-font--bold\">Sources<\/span>\n            <svg class=\"luna-icon\" aria-hidden=\"true\">\n              <use href=\"#chevron-down\" data-accordion-icon=\"show\" ><\/use>\n              <use href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n            <\/svg>\n          <\/button>\n        <\/h3>\n      <\/div>\n      <div class=\"luna-accordion__details collapse \" aria-hidden=\"true\" id=\"sources_1302101560\" data-accordion=\"details\" >\n        <div class=\"accordionContent\">\n          <p class=\"sources__description\">Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are <a href=\"https:\/\/www.finder.com\/ca\/why-trust-us\">fact checked<\/a> in line with our <a href=\"https:\/\/www.finder.com\/ca\/editorial-guidelines\">editorial guidelines<\/a>.<\/p>\n          <ol class=\"u-pl--0 u-text--lg u-font--medium\">\n                                          <li class=\"u-leading--loose\"><a class=\"u-font--medium\" href=\"https:\/\/get.neofinancial.com\/secured-credit\/\" target=\"_blank\">Neo Financial: Secured credit<\/a><\/li>\n                                                        <li class=\"u-leading--loose\"><a class=\"u-font--medium\" href=\"https:\/\/www.neofinancial.com\/credit\/secured\" target=\"_blank\">Neo Financial: Neo Mastercard<\/a><\/li>\n                                                        <li class=\"u-leading--loose\"><a class=\"u-font--medium\" href=\"https:\/\/fintrac-canafe.canada.ca\/msb-esm\/msb-eng\" target=\"_blank\">FINTRAC: Money services businesses<\/a><\/li>\n                                    <\/ol>\n        <\/div>\n      <\/div>\n    <\/li>\n  <\/ul>\n    <script defer src=\"https:\/\/www.finder.com\/parent-theme\/shortcodes\/article-source\/prod\/article-source.de087a0da9824e407767.js\"><\/script>\n  <\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The Neo Secured Mastercard is a solid option for those with bad credit, but there are some drawbacks. Learn more in our review.<\/p>\n","protected":false},"author":685,"featured_media":1034256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Neo Secured Card review","_yoast_wpseo_title":"Neo Secured Mastercard Review [date format=Y]: Pros & Cons","_yoast_wpseo_metadesc":"You can apply for the Neo Secured credit card with bad credit, but the perks are limited. 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Your account will be reported to Canada's credit bureaus, so using this card will impact your credit score.\r"}},{"@type":"Question","name":"What is the credit limit for a Neo Secured Credit card?","acceptedAnswer":{"@type":"Answer","text":"\rYou can deposit anywhere from $50 to $10,000, which becomes your Neo Secured Mastercard limit.\r"}},{"@type":"Question","name":"Can I use my Neo Secured Credit Card with Apple Wallet and Android Wallet?","acceptedAnswer":{"@type":"Answer","text":"\rYes, the Neo Secured Mastercard works with both Android Wallet and Apple Wallet.\r"}},{"@type":"Question","name":"Will I get my deposit back if I cancel my card?","acceptedAnswer":{"@type":"Answer","text":"\rYes, you'll get your deposit back after cancelling your Neo secured Mastercard and paying any outstanding balance.\r"}},{"@type":"Question","name":"What other products does Neo Financial offer?","acceptedAnswer":{"@type":"Answer","text":"\rNeo Financial offers more than a cash back credit card. If you qualify, you can apply for the Neo Mastercard, Neo World Mastercard or Neo World Elite Mastercard. The Neo Savings Account pays up to 3.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Earn 2.25% interest on balances up to $4,999.99, 2.50% on balances between $5,000.00 and $19,999.99 and 3.00% interest on balances over $20,000.00. <br \/>Interest calculated: daily, Interest paid: monthly\" title=\"\" data-original-title=\"More info\"<\/span> interest on your balance, and you can earn cashback when you spend with the Neo Chequing Account. 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