Neo Financial credit cards

Make a better decision about Neo Financial credit cards with this quick and easy comparison.

Andrew Boyd avatar
Written by   |  
David Boyd avatar
Verified by
Updated 28 May 2025   |   Rates updated regularly

Comparing of 2 Neo Financial credit cards

Neo Mastercard

On website

Neo Mastercard

Balance transfer

N/A

Purchase rate

From 19.99% p.a. ongoing

Interest-free days

N/A

Annual fee

$0.00 p.a. ongoing

Highlights

  • Earn an average of 5% cashback at thousands of Neo partner brands across Canada.
  • Instant approval with no annual fee and flexible credit limits.
  • Get tailored offers and rewards that match your spending habits.
  • Track spending, redeem rewards, and manage your account easily with the Neo app.

Bank promo

  • Receive $25 when you signup today. Terms and Conditions apply.

Pros

  • No annual fee.
  • High cashback potential when you shop with Neo partners.
  • Exclusive offers and bonuses personalised to your lifestyle.
  • Quick and simple application process with instant decision.
  • Useful mobile app with real-time alerts and smart budgeting tools.

Cons

  • There is a 2.5% Foreign Exchange Fee.
  • Not ideal for those who carry a balance — interest rates can be high.
Neo Card™ (Secured)

On website

Neo Card™ (Secured)

Balance transfer

N/A

Purchase rate

From 19.99% p.a. ongoing

Interest-free days

N/A

Annual fee

$60.00 p.a. ongoing

Highlights

  • Guaranteed approval with no credit check when you provide a refundable security deposit starting from just $50.
  • Build or rebuild your credit — Neo reports to both major Canadian credit bureaus.
  • Earn cashback at thousands of partners across Canada, including gas stations, grocery stores, and restaurants.
  • Manage your account and track your credit activity easily through the Neo mobile app.

Bank promo

  • Receive $25 when you signup today. Terms and Conditions apply.

Pros

  • No credit history needed to apply.
  • Low entry deposit of only $50.
  • Real-time spending alerts and smart budgeting tools via the app.
  • Get access to exclusive partner offers and average cashback of up to 5%

Cons

  • Since this is a secured card, you will be required to deposit cash upfront.
  • A $5 monthly fee applies, totaling $60 per year.

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