The best no-fee credit card in Canada*
1 Cashback earn subject to monthly spend limit. After monthly spend limit is reached, subsequent purchases are not eligible for cashback. Spend limit resets monthly. 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 Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.
4 For Quebec: Purchase rate (19.99%-23.99%) and cash advance rate (22.99%-24.99%).
* As awarded by Ottawa Life Magazine on October 16, 2024.
The Neo Everyday account is provided by Peoples Bank of Canada.
Neo World Elite® Mastercard is issued by Neo Financial™ pursuant to licence by Mastercard International Incorporated.
Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
Additional card benefits
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. 2
Cashback rates that start high and get even higher
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
STARTING AT
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.
2%
2%
2%
0.5%
4%
4%
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
Get set up in minutes
STEP 1
Get the Neo World Mastercard®.
STEP 2
Open a free Neo Everyday account instantly.
STEP 3
Top up your Everyday account balance and earn increased cashback.
Gas
Shell
-$78.50
2% - Category cashback
1% - Neo partner cashback
Price after cashback
$1.57
$0.79
-$76.14
You save
$2.36
Groceries
Sobeys
-$200.00
2% - Category cashback
Price after cashback
$4.00
$196.00
You save
$4.00
Restaurants
Boston Pizza
-$110.00
0.5% - Everything else cashback
5% - Neo partner cashback
Price after cashback
$0.55
$5.50
-$103.95
You save
$6.05
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.2
Mastercard® Zero Liability
Add your card to your digital wallet the moment you’re approved and get rewarded straight away.
Instant access
Valuable protection against unauthorized transactions.3
Neo World Mastercard® at a glance
Annual Fee
Income Eligibility - Individual | Household
Purchase Interest
$0
$50,000 | $80,000
19.99% - 29.99%4
Frequently Asked Questions
How do I know if I am eligible for the Neo World Mastercard?
Eligibility for this card requires a minimum annual income: personal: $50,000; or household: $80,000.
What is the credit limit?
The credit limit is up to $20,000 on approval. For a Secured Neo World Mastercard, a minimum deposit of $50 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is no annual fee for the Neo World 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 Mastercard?
Yes – you can enjoy all the additional benefits of the Neo World Mastercard including boosted cashback, as long as it has been more than 12 months since you applied for your other Neo card.
Does Neo World Mastercard offer supplemental cards?
Currently, Neo World 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 Mastercard® is 19.99% - 29.99%.
In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Mastercard® is 19.99% - 23.99%.
The cash advance interest rate is 22.99% - 31.99%4
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
EN / FR
2% cashback on grocery, gas, and recurring payments. Plus, 0.5% everywhere else¹
No annual fee
Extended warranty and purchase protection
