Neo Secured World Mastercard - Shop Dine

Pros & Cons

Pros

+Purchase protection included
+Travel medical insurance included
+No annual fee

Cons

–Foreign Transaction Fee (2.5%)

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.

With no annual fee, it transforms your everyday meals and purchases into cash back, with no points to manage. Neo’s network of over 10,000 partners enhances your earnings, 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

Entertainment

2x

Restaurants

2x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries0.50%

$700/month

Gas & EV0.50%

$200/month

Transit0.50%

$100/month

Restaurants2.00%

$300/month

Pharmacy0.50%

$50/month

Travel0.50%

$150/month

Bills & recurring payments0.50%

$250/month

Telecom0.50%

$150/month

Entertainment & streaming0.50%

$100/month

Office supplies2.00%

$0/month

All other spending0.50%

$500/month

Cashback earned

$204

$/yr

Estimated Value

$204

After Fees

+$204

1st Year Value

$204

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 0.50%$42

Gas & EV$2,400/yr × 0.50%$12

Transit$1,200/yr × 0.50%$6

Restaurants$3,600/yr × 2.00%$72

Pharmacy$600/yr × 0.50%$3

Travel$1,800/yr × 0.50%$9

Bills & recurring payments$3,000/yr × 0.50%$15

Telecom$1,800/yr × 0.50%$9

Entertainment & streaming$1,200/yr × 0.50%$6

Office supplies$0/yr × 2.00%$0

All other spending$6,000/yr × 0.50%$30

Total annual spend$30,000

Monthly spend$2,500

Average earn rate on spend per year0.68%

Total cashback earned$204

Travel Insurance

Travel Medical

Up to $1,000,000 / 14 days

Purchase Protection

Up to $1,000 / 90 days

Extended Warranty

+1 year(s)

Fees and interest rates

Annual Fee
$0
Foreign currency conversion fee
2.5%
Purchase Rate
19.99%
Balance transfer rate
22.99%
Cash advance rate
22.99%

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
Additional cash back at over 10,000 Neo network partners (5% on average, up to 15%)
Instant credit limit up to $30,000
No annual fee ($0)
Secured option to build credit history (same cash back rates)