Neo World Mastercard®
Due to the ongoing Canada Post labour disruption, there may be delays in delivering physical credit cards and printed statements. Customers can still apply for cards, use digital cards immediately, and access all statements electronically through your online account or the Neo app.
Neo World Mastercard®
The best no annual fee credit card in Canada*
Get all of the benefits and none of the fees in a credit card that makes a world of difference.
2.00%
on Grocery¹
2.00%
on Gas¹
2.00%
on Recurring¹
0.5%
on Everything else¹
5.00%
Cashback network average²
$0.00
Annual fee
Boost your cashback with Neo
Our products are designed to work together. Grow your balance in your Neo Everyday account to boost the cashback rates on your card.
| Category | Cashback rate | Boosted rate |
|---|---|---|
| Grocery | 2% | 4% |
| Recurring | 2% | 4% |
| Gas | 2% | 4% |
| Everything else | 0.5% | 1% |
| Cashback network average² | 5% | 5% |
Experience the power of cashback
Get cashback on key categories, and earn even more cashback with any of our 10,000 partners.Groceries
Sobeys
-$200.00
Category cashback of 2%
$4.00
Price after cashback
$196.00
You save
$4.00
Restaurants
Boston Pizza
-$110.00
Everything else cashback of 0.5%
$0.55
Neo partner cashback of 5%
$5.50
Price after cashback
$100.65
You save
$9.35
Gas
Shell
-$78.50
Category cashback of 2%
$1.57
Neo partner cashback of 1%
$0.79
Price after cashback
$76.14
You save
$2.36
Additional Card Benefits
Extended Warranty & Purchase ProtectionExtends manufacturer’s warranty and provides protection for damaged or stolen items.³
Mastercard® Zero LiabilityValuable protection against unauthorized transactions.⁴
Instant accessAdd your card to your digital wallet the moment you’re approved and get rewarded straight away.
The cashback advantage
Instant. Earn it in real-time, instead of monthly.
Just pay. No frustrating booking portals or blackout dates.
Ultimate flexibility. Save or spend it on anything you want.
Retains value. Points are often devalued. Cash is cash.
Earn when you burn. Use your cashback to pay for a purchase and earn more on top.
No credit score? No problem.The Neo World Mastercard® is available as a secured credit card. Only $5 a month.
$50,000 | $80,000
Income Eligibility - Individual | Household
19.99% - 29.99%
Purchase Interest
22.99% - 31.99%
Cash Advance Interest
Get set up in minutes
Get the Neo World Mastercard, open a free Neo Everyday account instantly, and earn boosted cashback levels.
Got questions?
We’ve got answers.
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 $30,000 on approval. For a secured Neo World Mastercard®, a minimum deposit of $200 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 Credit card, can I still get a Neo World Mastercard®?
Yes – you can enjoy all the additional benefits of the Neo World card including boosted cashback at your favorite brands by applying for this card directly in the Neo app.
Can I get a supplemental card?
Currently, Neo 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% - 26.99%. In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Mastercard® is 19.99% - 23.99%.
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.
¹ Cashback earn subject to monthly spend limit. When monthly spend limit is reached, subsequent spending earns 0.5%. Spend limit resets monthly. For more information, visit the Neo app or https://get.neofinancial.com/rates-table/² Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.³ 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/plans⁴ Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.* As awarded by Made in CA on October 25, 2024.The Neo Everyday account is provided by Peoples Bank of Canada.Neo World Mastercard® is issued by Neo Financial™ pursuant to licence by Mastercard International Incorporated.Mastercard, World, and the circles design are registered trademarks of Mastercard International Incorporated.