Pros & Cons
Pros
- +Purchase protection included
- +Travel medical insurance included
Cons
- –High annual fee ($149/yr)
- –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 Elite Mastercard – Everywhere combines the simplicity of a single rate with the benefits of a premium card. Earn 2% cash back on all your purchases (up to $4,000 per month, then 1% thereafter), with no categories to track.
You keep all the World Elite® benefits: comprehensive travel insurance, collision coverage for car rentals, and a DragonPass membership for airport lounges. Add to that additional discounts at over 10,000 Neo partners.
In its secured version, it’s the premium option to build your credit while earning high cash back on every purchase.
Travel insurance is not available to Quebec residents. DragonPass membership is included; fees apply for each lounge visit.
Rewards
All Spending
2x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$600
$/yr
Estimated Value
$600
After Fees
+$451
1st Year Value
$451
incl. welcome bonus
Annual rewards breakdown
Travel Insurance
Travel Medical
Up to $1,000,000 / 14 days
Trip Cancellation
Up to $1,000
Trip Interruption
Up to $1,000
Delayed Baggage
Up to $1,000
Lost Baggage
Included
Flight Delay
Up to $250
Hotel Burglary
Up to $1,000
Travel Accident
Up to $100,000
Purchase Protection
Purchase Protection
Up to $1,000 / 90 days
Extended Warranty
+1 year(s)
Auto Rental
Up to $65,000 / 48 days
Fees and interest rates
- Annual Fee$149
- Foreign currency conversion fee2.5%
- Purchase Rate19.99%
- Balance transfer rate22.99%
- Cash advance rate22.99%
Terms & Conditions
Card Features
- 2% cash back on all purchases (up to $4,000/month, then 1% with no cap)
- No categories to manage
- Mastercard World Elite® travel benefits: collision/damage insurance for car rentals, comprehensive travel insurance and DragonPass membership
- Additional cash back at over 10,000 Neo network partners (5% on average, up to 15%)
- Instant credit limit up to $30,000
- Annual fee of $149
- 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. Jeune Retraité 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.