The best
cashback credit card in Canada*
* As awarded by Ottawa Life Magazine on October 16, 2024.
¹ Cashback earn subject to monthly spend limit. After monthly spend limit is reached, subsequent purchases earn 1%. Spend limit resets monthly. Minimum balance in your Neo Everyday account required to earn the highest rate. For more information, visit the Neo app.
2 This insurance coverage is underwritten by Chubb Insurance Company of Canada under a Group Policy issued to Neo Financial Technologies Inc. All coverage is subject to the terms, conditions, limitations and exclusions outlined in each Certificate of Insurance, and for Quebec residents, each Product Summary. Neo, its employees and representatives are not agents of Chubb, nor can they waive or change any terms of the insurance coverage. View the full list of insurance certificates here: https://www.neofinancial.com/legal/plans.
3 For Quebec and Newfoundland: Purchase rate (19.99%-24.99%) and cash advance rate (22.99%-25.99%).
The Neo Everyday account is provided by Peoples Bank of Canada.
Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
Additional card benefits2
Extended Warranty & Purchase Protection
INTRODUCING BOOSTS
Our products are designed to work together. Grow your balance in your Neo Everyday account to boost the cashback rates on your card.
The best gets even better
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
STARTING AT1
BOOSTED
How do I boost my rates? Earn boost levels by keeping a healthy balance in your Neo Everyday account. The higher your balance the bigger the boost.
5%
4%
3%
1%
7%
5%
4%
1%
Canada's fastest growing company
awarded by the Globe and Mail
4.8 ★★★★★ on App Store
10,000+ partners coast to coast
4.7 ★★★★★ on Google Play
5%
cashback on grocery1
4%
cashback on recurring payments1
3%
cashback on gas1
Get set up in minutes
STEP 1
Get the Neo World Elite® Mastercard.
STEP 2
Open a free Neo Everyday account instantly.
STEP 3
Top up your Everyday account balance and get a cashback boost.
Gas
Shell
-$78.50
Category cashback of 3%
Neo partner cashback of 1%
Price after cashback
$2.36
$0.79
-$75.35
You save
$3.15
Groceries
Sobeys
-$435.00
Category cashback of 5%
Price after cashback
$21.75
-$413.25
You save
$21.75
Restaurants
Boston Pizza
-$110.00
Everything else cashback of 1%
Neo partner cashback of 5%
Price after cashback
$1.10
$5.50
-$103.40
You save
$6.60
Experience the power of cashback
Automatically earn additional cashback when you spend at over 10,000 Neo partner locations.
Extends manufacturer’s warranty and provides protection for damaged or stolen items.
Auto Rental Collision Loss Damage
Coverage for damages or theft in rental vehicles, providing additional financial protection for renters.
Comprehensive Travel Insurances
Out of province or country emergency medical, delayed and lost baggage, flight delay, trip cancellation/interruption, and more!
World Elite at a glance
Annual Fee | $125
Income Eligibility - Individual | Household
Purchase Interest | 19.99% - 26.99%3
$80,000 | $150,000
Frequently Asked Questions
How do I know if I am eligible for the Neo World Elite® Mastercard?
Eligibility for this card requires a minimum annual income: personal: $80,000; or household: $150,000
What is the credit limit?
The credit limit is up to $30,000 on approval. For a Secured Neo World Elite® Mastercard, a minimum deposit of $200 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is an annual fee of $125 for the Neo World Elite® Mastercard.
How do cashback rewards work?
You earn instant cashback on your purchases, with the opportunity to earn even more cashback with select partner brands. The cashback you earn is instantly available for you in your wallet, to use however and whenever you’d like.
If I already have a Neo Mastercard®, can I still get a Neo World Elite® Mastercard?
Yes – you can enjoy all the additional benefits of the Neo World Elite® Mastercard including boosted cashback at your favorite brands by applying for this card directly in the Neo app.
Does Neo World Elite® offer supplemental cards?
Currently, Neo World Elite® Mastercard does not offer supplemental cards. It is something we are working on!
What’s the purchase rate and APR?
The Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 26.99%.
In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 23.99%.
The cash advance interest is 22.99% - 28.99%3
The standard rate on purchases and cash advances is dependent on our assessment of your credit application, credit profile, and your province. See your Cardholder Agreement and Disclosure Statement at time of application for your specific rate.
EN / FR