At Neo, there are two ways to get a Neo credit card:

The secured credit limit feature lets you add security funds to set your credit limit. It’s designed to help you safely build your credit.

To access the secured credit limit feature, you’ll need either the Build or Grow membership. Build costs $7.99 per month and Grow costs $12.99 (but there are ways to get it for free). Both memberships replace the previous $5 monthly fee for secured credit cards and include additional features designed to help build your credit history:

You may be able to get the a membership for free by maintaining a minimum balance in your Neo Everyday or Neo Savings account. You can check your eligibility in the Neo app.

You’ll need the Build or Grow membership if you’re getting your card with secured credit, including:

Build and Grow are required if you have a card that needs a secured credit limit (so you need security funds to determine the credit limit). If you are subscribed and don’t want to keep a membership, you have two options:

You can apply to switch to a standard Neo credit card in the Neo app or at neofinancial.com.

This process requires a credit check and your eligibility will depend on your credit report.

You can also choose to close your secured credit account. Once it’s closed, your security funds will be returned if your balance is paid off. You can still apply for other Neo products or cards in the future.
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