Neo Financial now offers a secured credit card that earns unlimited cashback and helps build credit1 while providing access to rewards typically reserved for top-tier, annual fee credit cards.
Neo Secured Credit offers premium rewards like unlimited cashback. (Credit: Business Wire)
Neo Financial (Neo) introduces Neo Secured Credit; a card designed to help Canadians build credit with guaranteed approval². This innovative product caters to those who have difficulty obtaining credit, seek to improve their credit score, or prefer to spend within their means. Cardholders can now set their own credit limit and start building credit history¹ with a secured card that earns instant cashback. Plus, purchases made with the card earn an average of 5% cashback³ at over 10,000 rewards partners with the option to add additional perks on the card at any time.
Neo is building financial tools for all Canadians and this product expands its suite of offerings that empower customers to choose the right card for their needs. Recognizing that Canadians shouldn’t have to pay to build credit history, this card offers customers the ability to build credit¹. Opening an account is hassle-free and can be done in just a few minutes, requiring no hard credit check (except in Quebec where a check is required).
With Neo Secured Credit, customers benefit from:
Guaranteed approval
Monthly credit reporting
Unlimited instant cashback, with an average of 5% cashback³ at Neo partners
No credit history needed to apply
Upgradeable perks across dining, gas, grocery, travel and more
Mastercard Zero Liability4 for protection against unauthorized transactions
“Neo Secured Credit sets itself apart from other secured credit cards by unlocking premium features and rewards for all Canadians, regardless of their credit history,” said Andrew Chau, Co-founder and CEO of Neo Financial. “We’re thrilled to continue to help Canadians build credit history and meet their diverse financial needs in our commitment to build a better financial future.”
Neo Secured Credit grants cardholders the flexibility to increase their credit limit at any time and manage their finances with real-time spend insights – provided by Neo. The versatile cashback feature allows customers to pay off statement balances, purchase exclusive items in the Neo Store or add to savings in the Neo Money™ account. By using the card for everyday purchases, cardholders can build credit with transactions they typically make¹ and set up autopay so they never forget to pay their statement.
Source: Company Press Release