Home Trust Secured Visa vs Secured Neo Mastercard
Two cards, one Standard Score rubric. The Secured Neo Mastercard scores higher overall at 4.2/10 — but the right pick depends on which components match your spending.
The verdict
PassDeposit size against reward potential. Home Trust's $500 minimum deposit is the highest of the major secured cards, but its $59/14.90% variant is one of the cheapest carried-balance rates a rebuilder can get; Neo's Secured Mastercard starts from just $50 and is the only secured card that pays real cash back, though its $7.99/month membership fee needs to be waived for the math to work. Rebuilders with only a small deposit to lock up start with Neo; anyone who expects to carry a balance gets a cheaper rate from Home Trust's $59 variant.
See offer · current Secured Neo Mastercard offer, direct from the issuer
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
| Home Trust Secured Visa | Secured Neo Mastercard | |
|---|---|---|
| Standard Score | 3.2/10 · Pass | 4.2/10 · Pass |
| Annual fee | None | None |
| Welcome bonus | None — secured cards compete on approval odds and reporting, not bonuses | None — secured cards compete on approval odds and reporting, not bonuses |
| Est. bonus value | ≈ $0 | ≈ $0 |
| First-year net value | ≈ $0 | ≈ $0 |
| Earn rates |
|
|
| Points currency | None (no rewards) | Cash back |
| No FX fees | No | No |
| Lounge access | No | No |
Where the Home Trust Secured Visa wins
No component wins — its rival scores at least as well on every Standard Score component.
Where the Secured Neo Mastercard wins
- First-year value — scores 3.0/10 on this component
- Ongoing value — scores 3.5/10 on this component
- Flexibility — scores 5.0/10 on this component
- Perk usability — scores 3.0/10 on this component
- Low friction — scores 8.0/10 on this component
Read the full reviews: Home Trust Secured Visa and Secured Neo Mastercard, or see how both rank in Best Secured Credit Cards in Canada.