Featured Secured Card: Neo Secured Card

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• Rated: 4.5 out of 5
• Intro APR: N/A*
• Regular APR: 19.99% to 24.99% (V)*
• Annual Fee: $0*
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- A physical and digital secured card that doesn't require a hard credit check
- Security funds minimum of only $50, because wealth should never be a condition for building credit
- Guaranteed approval for all Canadians
- Earns cashback on everyday spending
- 15% welcome bonus cash back on your first purchase at 10,000+ Neo partners
- Average of 5% cash back at Neo partners
- No monthly or annual fees for free Standard rewards plans
- Track spending with real time notifications and view balance in seconds
- Cash out your rewards at any time.
- Issued by ATB Financial pursuant to license by Mastercard International Inc.

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Take Control of Your Credit with Neo Card (Secured). The Neo Secured Mastercard is a credit card that puts you in control of your credit. With its unique approach to credit, flexible limits, and unlimited cashback rewards, this card is designed to help you build your credit history and achieve your financial goals. Read more...

Secured cards are credit cards created for consumers experiencing difficulties obtaining unsecure credit due to poor ratings. These cards provide credit reporting features allowing card members improve their credit rating over time. Accepted applicants are required to make a security deposit into an account held by the issuing bank. When moving onto another card, a member may retrieve his deposit provided the account is not severely delinquent in which case charges owed will be deducted. Guaranteed approval, a feature indicating quick acceptance for applicants who meet minimum requirements is common on these cards. Lowly qualification requirements serve to encourage interested persons especially those with a need to improve their ratings. Secured cards listed below are reserved for the Canadian market.