Neo World Mastercard® Secured
4.5/5
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
25% Referral Cash Bonus
Share your unique referral link to the Neo World Mastercard® Secured and earn a 25% rebate bonus. Learn more about the Finly referral program.
Card Details
Based on $2,000 spending
First Year Value
$342.43
$292.43 in years after
Interest Rates
Cash Advance: 22.99% - 28.99%
Purchase: 19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec)
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Poor
Welcome Bonus
N/A
Card Type
Secured Credit
Our Rating
4.5/5
Institution
Neo Financial
Rewards
- 2% cash back on grocery purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 2% cash back on recurring purchases up to $6,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 2% cash back on gas purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
- 0.5% cash back on all other purchases up to $30,000 spending per year
- 5% average cash back at Neo Partners
Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.
In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.
Neo World Mastercard® Secured Cash Back Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Groceries
$87.72
Recurring Transactions
$33.6
Gas
$39.74
others
$191.36
All other purchases
$0
Net Annual Rewards
$292.43
Rewards Summary
Net Annual Rewards
$292.43
First Year Card Bonus
$0
First Year Card Value
$292.43
Finly Rebate
$50
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Pros & Cons
Pros
- Higher approval rate with the low to no credit score requirement to help you build your credit score
- High cash back rate of 4% on grocery spending but only if you keep at least 10k in a Neo every day account
- Additional cash back earning at over 10,000 Neo partners
Cons
- Basic insurance coverage
- Cash back spend caps can limit your rewards