No — there are no hard credit checks for the Neo Secured Card. "Bad" credit, great credit, or no credit, everyone is eligible, no matter their score.
A secured card that rewards you
The Neo Card is a physical and digital secured card that doesn't require a hard credit check, gets you guaranteed approval†, and earns you cashback on your everyday spending—all with no monthly or annual fees.
Get started by adding security funds
Your credit limit is equal to your security funds. You're in control. Pick a limit you're comfortable with and never worry about going over your limit (you can't!).
Your security funds are stored safely in your Neo account. Keeping them there keeps your limit. Your security funds will be fully returned if you close your card and have paid off your balance.
Earn cashback in three ways
Cashback at partners
Huge welcome bonuses
Minimum cashback guarantee
Earn an average 5% unlimited cashback at thousands of local and national Neo partners.¹
Earn enormous bonuses—like 15% cashback—on your first purchase at most partners.¹
Earn at least 1% back across all purchases.² If your overall cashback falls below 1%, we’ll top you up.
Earn rewards with these iconic brands and thousands more
Only $50 — because wealth should never (ever!) be a condition for building credit.
No — the Neo Card has no annual fee, so neither does the Secured card. Plus, there are no monthly fees.
You'll start out with the free Standard rewards plan which unlocks tons of cashback. For a few extra dollars a month you can add a plan to boost your cashback!
The Purchase Credit Rate / APR on the Neo Card is 19.99%-24.99%**.
The standard rate on purchases and cash advances is dependent on our assessment of your credit application, credit profile, and your province. See your Cardholder Disclosure at time of application for your specific rate.
Your credit limit is equal to the security funds you’ve set aside. This means you choose whatever limit you’re comfortable with. For example, if you set aside $350 as your security funds, your credit limit is $350. The minimum amount of security funds is $50.
There are no annual or monthly fees. We’re here to give you the most out of your money, so you keep the extra cash and do what you want with it.
No. You’re saving every bit possible, so you can focus on knocking off your financial goals and setting new ones.
Yes, your security funds will be returned to you if you decide to close your account and your balance has been paid off in full, or if you move from Secured Card to the traditional Neo Card.
†Conditions apply. Must be 1. age of majority in your province or territory of residence; 2. Canadian resident; 3. provide security funds.
¹Average based on current offers. Cashback varies per offer and partner.
²Top-up is limited to $5,000 of spending per month at non-partners.
**The standard rate on purchases and cash advances is dependent on our assessment of your credit application, credit profile, and your province. See your Cardholder Disclosure at time of application for your specific rate.
All product and company names are trademarks™️ or registered®️ trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Any product names, logos, brands, and other trademarks or images featured or referred to within the Neo website are the property of their respective trademark holders.
Cards issued by ATB Financial pursuant to license by Mastercard International Inc. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Inc.