Neo Mastercard Secured: Enjoy 0.5% Cashback with No Extensive Credit Inquiry
With the Secured Neo Mastercard, you can boost your credit score while earning cashback rewards.
This card is recognized as one of the top secured credit cards in Canada, ensuring both security and trustworthiness. Here’s how you can apply.
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Neo is a digital finance company focused on leveraging technology to provide services like checking and savings accounts, credit cards, investments, and mortgages.
When it comes to credit cards, the Neo Secured Mastercard stands out as one of the premier secured options available.
This card provides varied cashback rewards, offering 0.5% cashback on all purchases and an impressive 2% for gas and grocery purchases.
There’s also a cashback calculator available, helping you track your potential earnings with the card.
Thanks to its great mix of being a secured card with cashback benefits, it has garnered multiple awards as the best card in its class from sources like RatesdotCA, Savvy, and Hardbacen.
This secured card allows you to set aside funds as a security deposit, beginning at $50. You can then use it for everyday purchases and pay off the balance in installments.
Neo sends monthly updates to credit bureaus like Equifax and TransUnion, helping to enhance your credit profile. This is crucial for improving your credit score and qualifying for more significant credit cards.
Additionally, the Mastercard network is widely recognized globally, simplifying travel and everyday use without significant limitations.
Another fantastic advantage of the Neo credit card is guaranteed approval, as it inherently does not require a rigorous credit check.
You can apply for the credit card with your international ID documents, which will be accepted without needing Canadian paperwork.
The Neo Secured card is perfect for those seeking fast credit with favorable terms, usable anywhere without much hassle.
Looking for another option?
If your credit score is high, consider the SimplyCash Preferred by American Express, which gives up to 4% cashback on gas and grocery purchases.
This card also provides exclusive access to events and experiences, delivering premium perks to Amex members. Here’s how to apply.