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 Card – Gas & Grocery rewards your weekly spending. You earn 2% cash back on groceries, gas, EV charging, and recurring payments, and 0.5% on everything else.
It carries a $9.99 monthly fee (Build membership required for the secured credit limit) and is still designed for households looking to maximize their essential purchases without the complexity of tracking points. You also earn up to 15% boosted cash back at thousands of Neo partners across Canada, deposited directly into your Neo wallet with no minimums or expiration dates.
As a secured card that helps you build your credit, your everyday spending works for you from the very first purchase.
Rewards
All Spending
0.5x
Cash Back pts per dollar
Groceries
2x
Gas
2x
Recurring
2x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$357
$/yr
Estimated Value
$357
After Fees
+$237
1st Year Value
$237
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
- 2% cash back on groceries (up to $1,000/month, then 0.5%)
- 2% on gas and EV charging (up to $1,000/month, then 0.5%)
- 2% on recurring payments (up to $500/month, then 0.5%)
- 0.5% cash back everywhere else, with no cap
- 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.
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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.