Travel Rewards
Secured Cards
Premium / High-End
Cathay World Elite® Mastercard®
Neo Financial
Current Welcome Offer
Earn up to 30,000 Asia Miles
Annual Fee
$180
Purchase APR
19.99%
Cash Adv. APR
22.99%
Welcome Bonus
~$450
RateBuddy Verdict
The Good
- Excellent 2x Asia Miles multiplier on all foreign currency purchases.
- Comes with a 15% discount code for Cathay Pacific flights (valid until Dec 2026).
- Extremely rare opportunity to get a premium World Elite airline card as a secured card to build credit.
The Trade-offs
- The 30,000 Asia Miles welcome bonus is strictly limited to brand-new Neo customers.
- The $180 annual fee is higher than the standard $150 premium airline card fee in Canada.
- Not available for residents of Quebec.
Rewards & Earnings
Groceries 1.00%
Dining & Takeout 1.00%
Gas & Transit 1.00%
Travel 1.00%
Base Rate 1.00%
Rewards Summary: Earn 4x Asia Miles on Cathay Pacific flights, 2x on foreign currency purchases, and 1x on all other purchases in Canada.
- Cathay Pacific Flights: 4x Asia Miles (when purchased online at cathaypacific.com/ca in CAD)
- Foreign Currency Purchases: 2x Asia Miles
- All Other Purchases in Canada: 1x Asia Miles
- Neo Partners: Average 5x Asia Miles at thousands of Neo partners nationwide
Welcome Bonus Details
Earn 15,000 Asia Miles upon activation, plus 15,000 more when you spend $5,000 in your first 90 days. (Note: This offer is strictly limited to new Neo customers who have not opened a Neo account before).
Estimated Value: $450.00
Features & Benefits
Airport Lounge Access
Mastercard Travel Pass (DragonPass) access
Travel Medical Insurance
Travel Medical Insurance included
Bad Credit & Rebuilding
Available as a secured credit option
Trip Cancellation/Interruption Insurance
Trip Cancellation Insurance included
Extended Warranty Insurance
Extended Warranty included
Purchase Security Insurance
Purchase Protection included
Baggage Delay/Loss Insurance
Lost luggage coverage included
Priority Airport Services (Check-in, Boarding)
Online priority check-in included
Additional Perks
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Insurance Coverage
Travel Coverage
Included (Emergencies, cancellations, lost luggage)
Purchase Protection
Included (Underwritten by Chubb)
Extended Warranty
Included (Underwritten by Chubb)
Mastercard Zero Liability
Included against unauthorized purchases
Rates & Fees Details
| Purchase APR | 19.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $180 |
| Income Required |
Personal: $80,000 Household: $150,000 |