Cash Back
Travel Rewards
Secured Cards
Neo World Elite Mastercard
Neo Financial
Annual Fee
$125
Purchase APR
19.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Industry-leading 5% cash back rate on groceries and 4% on recurring payments.
- Access to the Neo Store and instant cashback redemption as soon as transactions post.
The Trade-offs
- Strict monthly spend limits apply, after which the cash back rate drops to 1%.
- Supplementary cards are relatively expensive at $49 each compared to standard World Elite cards.
Rewards & Earnings
Groceries 5.00%
Dining & Takeout 1.00%
Gas & Transit 3.00%
Travel 1.00%
Base Rate 1.00%
Rewards Summary: Earn 5% cash back on groceries, 4% on recurring payments, 3% on gas, and 1% on everything else.
- Groceries: 5% Cash Back
- Recurring Payments: 4% Cash Back
- Gas: 3% Cash Back
- Everything Else: 1% Cash Back
- Neo Partners: Instant cashback at 10,000+ partners across Canada.
Welcome Bonus Details
Features & Benefits
Airport Lounge Access
DragonPass Lounge Access included
Travel Medical Insurance
Emergency Medical Insurance included
Bad Credit & Rebuilding
Available as a secured card for credit rebuilding
Car Rental Collision/Loss Damage Waiver
Auto Rental Collision Loss Damage included
Trip Cancellation/Interruption Insurance
Trip Interruption & Cancellation included
Purchase Security Insurance
Purchase Protection included
Flight Delay Insurance
Flight Delay Insurance included
Hotel/Motel Burglary Insurance
Hotel/Motel Burglary Insurance included
Employee Cards
Additional cardholder fee is $49
Additional Perks
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Insurance Coverage
Emergency Medical
Included (Underwritten by Chubb. Unavailable for QC residents)
Trip Interruption & Cancellation
Included
Flight Delay
Included
Auto Rental Collision/Loss Damage
Included
Hotel/Motel Burglary
Included
Purchase Protection
Included
Mastercard Zero Liability
Included against unauthorized purchases
Rates & Fees Details
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $125 |
| Supplementary Card | $49.00 |
| Income Required |
Personal: $80,000 Household: $150,000 |