Pros & Cons
Pros
- +Purchase protection included
Cons
- –Foreign Transaction Fee (2.5%)
- –No airport lounge access despite fee
Our Review
Secured credit card: this card requires a security deposit and is designed for people building or rebuilding their credit history, including newcomers to Canada. Your credit limit matches the deposit you provide.
The Neo Secured World Mastercard® – Everywhere is designed for those who want simple and consistent cash back, without tracking categories. One single rate, 1% on every purchase, with no cap.
It carries a $9.99 monthly fee (Build membership required for the secured credit limit) and is still a « set it and forget it » card: no optimization required, no categories to activate. You also earn up to 15% boosted cash back at thousands of Neo partners across Canada, deposited directly into your Neo wallet.
As a secured card, it’s a hassle-free option to earn rewards on every expense while you build your credit.
Rewards
All Spending
1x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$300
$/yr
Estimated Value
$300
After Fees
+$180
1st Year Value
$180
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Up to $1,000 / 90 days
Extended Warranty
+1 year(s)
Fees and interest rates
- Annual Fee$120
- Foreign currency conversion fee2.5%
- Purchase Rate19.99%
- Balance transfer rate22.99%
- Cash advance rate22.99%
Terms & Conditions
Card Features
- 1% cash back on all purchases, with no cap or categories to manage
- Up to 15% boosted cash back at thousands of Neo partners across Canada, on top of base cash back rates
- $9.99 monthly fee (Build membership required for the secured credit limit)
- Secured option to build credit history (same cash back rates)
Legal
Conditions Apply. See the application for complete details.
Related Cards
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia Bonus may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Neo. All trademarks are property of their respective owners.