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 – Shop & Dine is for those who spend more on dining and retail. You earn 2% cash back on restaurant outings, takeout, and retail purchases, plus 0.5% on all your other purchases.
It carries a $9.99 monthly fee (Build membership required for the secured credit limit) and turns your everyday meals and purchases into cash back, with no points to manage. You also earn up to 15% boosted cash back at thousands of Neo partners across Canada, and the cash back accumulates in your Neo wallet, ready to be used at any time.
Please note: purchases on Amazon and at warehouse stores are not eligible for the retail rate.
Rewards
All Spending
0.5x
Cash Back pts per dollar
Office
2x
Online purchases
2x
Restaurants
2x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$204
$/yr
Estimated Value
$204
After Fees
+$84
1st Year Value
$84
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 restaurants, bars, and fast food (up to $500/month, then 0.5%)
- 2% on retail: clothing, footwear, electronics, home and garden, and more (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.