Cash Back
Travel Rewards
No Annual Fee
Neo World Mastercard
Neo Financial
Best no annual-fee cashback card in Canada*
The Neo World Mastercard® is designed to elevate your everyday spending with the best no annual-fee cashback card in Canada*
Annual Fee
$0
Purchase APR
19.99%
Cash Advance
22.99%
RateBuddy Verdict
The Good
- A robust $0 annual fee option that provides 2% cash back across groceries, gas, and recurring bills.
- Get instant access to your digital card within minutes of approval.
The Trade-offs
- Requires a $50,000 personal income to qualify.
- Cash back rates drop significantly once monthly category spending caps are hit.
Rewards & Earnings
Groceries
2%
Dining
0.50%
Gas
2%
Travel
0.50%
Recurring Bills
2%
Base Rate
0.50%
Rewards Summary:
The Neo World Mastercard gives you three no-annual-fee cashback choices: Everywhere, Gas & Grocery, or Shop & Dine. Each version is designed around a different spending style, with additional cashback available at participating Neo partners.
Welcome Bonus Details
No welcome bonus details are currently listed for this card.
Features & Benefits
No Annual Fee
Everyday Cash Back
Airport Lounge Access
Extended Warranty Insurance
Purchase Security Insurance
Insurance Coverage
Insurance coverage is underwritten by Chubb Insurance Company of Canada. (Note: Travel insurances are unavailable for Quebec residents).
Rates, Fees & Eligibility
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card Fee | $10 |
| Foreign Transaction Fee | 3% |
| Grace Period | 21 days |
| Income Required |
Personal: $50,000 Household: $80,000 |
| Recommended Credit Score | Good |
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Filed Under
Cash Back
Travel Rewards
No Annual Fee
Rewards
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