It’s not easy to get approval at times for a credit card especially if you’ve had bad credit, your self employed, low income or maybe you have never had a credit card before. I hope this article can help you in some way to decide if you should have a credit card and if you want one.
Which Is A Good Credit Card To Apply For?
There are so many credit card companies these days, some want you to make high revenue in order to be approved, some want your credit score to be at least 700. It can be hard to distinguish “easy credit cards to apply for” or in other words a less complicated credit card to apply for.
A Good Credit Card To Apply For = Neo
What is Neo you ask? Neo also known as Neo Financial was founded in 2018 and launched in September of 2020. Their Calgary headquarters has over 400 employees, there is a second location in Winnipeg that was opened in August of 2021 so the company is doing very well.
Neo Financial offers these products at the moment:
- A Money Account with one of the highest daily interest rates in Canada, also offers free Interac e-transfers, no monthly fees or minimum balances, and unlimited free transactions.
- A no annual or monthly fee Mastercard which features cash-back rewards with a network of Canadian merchants. You can choose the level of cashback rewards to some extent, by subscribing to a monthly plan. Depending on the plan you choose, there may be a monthly fee.
- Neo Invest, which is an account that can help you set up goals for retirement, vacation whichever it is you would like to save for. Input the information and your goals and Neo will help determine what you need to save to get there.
- Neo Mortgage is a brand new feature on the platform which speaks for itself.
Applying for a Neo credit card isn’t crazy hard and does not take long to apply. You can apply and know if you are approved in minutes and if you are approved you will most likely be sent a digital card to use right away on your cell phone. You can apply here and you will be taken to their secure site.