Cash Back
Travel Rewards
Premium / High-End
Neo World Elite Mastercard
Neo Financial
Instant approvals and access to virtual card to start using straight away
Annual Fee
$149
Purchase APR
19.99%
Cash Advance
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%
Dining
1%
Gas
3%
Travel
1%
Recurring Bills
4%
Base Rate
1%
Rewards Summary:
This card is available in multiple reward versions. Choose from Everywhere, Gas & Grocery, or Shop & Dine depending on where you spend most. Reward rates, caps, eligibility, and conditions may vary by selected version.
Welcome Bonus Details
No welcome bonus details are currently listed for this card.
Features & Benefits
Everyday Cash Back
Airport Lounge Access
Travel Medical Insurance
World Elite Mastercard Benefits
Car Rental Collision/Loss Damage Waiver
Trip Cancellation/Interruption Insurance
Extended Warranty Insurance
Purchase Security Insurance
Flight Delay Insurance
Baggage Delay/Loss Insurance
Hotel/Motel Burglary 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 | $149 |
| Supplementary Card Fee | $49 |
| Foreign Transaction Fee | 3% |
| Grace Period | 21 days |
| Income Required |
Personal: $80,000 Household: $150,000 |
| Recommended Credit Score | Very Good |
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Filed Under
Cash Back
Travel Rewards
Premium / High-End
Rewards
View Offer
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