Neo World Elite® 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 Elite® Mastercard
The best cashback credit card in Canada*
Experience unbeatable rewards and premium benefits that put you in a class of your own.
5.00%
on Grocery¹
3.00%
on Gas¹
4.00%
on Recurring¹
1.00%
on Everything else¹
$125
Annual Fee
5.00%
Cashback network average²
Boost your cashback with Neo
Our products are designed to work together. Grow your balance in yourNeo Everydayaccount to boost the cashback rates on your card.¹
| Category | Cashback Rate | Boosted Rate |
|---|---|---|
| Grocery | 5% | 7% |
| Recurring | 4% | 5% |
| Gas | 3% | 4% |
| Everything else | 1% | 1% |
| Cashback network average | 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
-$435.00
Category cashback of 5%
$21.75
Price after cashback
$413.25
You save
$21.75
Restaurants
Boston Pizza
-$110.00
Everything else cashback of 1%
$1.10
Neo partner cashback of 5%
$5.50
Price after cashback
$103.40
You save
$6.60
Gas
Shell
-$78.50
Category cashback of 3%
$2.36
Neo partner cashback of 1%
$0.79
Price after cashback
$75.35
You save
$3.15
Additional Card Benefits
Extended Warranty & Purchase ProtectionExtends manufacturer’s warranty and provides protection for damaged or stolen items.³
Auto Rental Collision Loss DamageCoverage for damages or theft in rental vehicles, providing additional financial protection for renters.³
Comprehensive Travel InsurancesOut of province or country emergency medical, delayed and lost baggage, flight delay, trip cancellation/interruption, and more!³
World-class cashback that banks won’t match
See how we stack up below.⁴
| Card | Estimated Everyday cashback value (annual) | Estimated Partner network cashback value (annual) | Total cashback value (annual) |
|---|---|---|---|
| Neo World Elite® Mastercard | $1,312 | $1,200 | $2,512 |
| BMO CashBack World Elite® Mastercard | $988 | $0 | $988 |
| Scotia Momentum Visa Infinite | $1,143 | $0 | $1,143 |
| TD Cashback Visa Infinite | $1,012 | $0 | $1,012 |
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 Elite® Mastercard is available as a secured credit card.
Income eligibility Individual | Household$80,000 | $150,000
Purchase Interest19.99% - 29.99%
Cash Advance Interest22.99% - 28.99%
Get set up in minutes
Get the Neo World Elite 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 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 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 any 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 Credit card, can I still get a Neo World Elite® Mastercard?
Yes – you can enjoy all the additional benefits of the World Elite 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 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 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 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 and 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. Travel insurances unavailable for Quebec residents. The cost will be charged to the eligible Neo card that you signed up for the Neo Perks with. 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 Based on annual spend of $53,196 and a comparison of the non-promotional gas and grocery earn rates on cashback credit cards as of October 23, 2024. Research excludes welcome offers. Numbers rounded for simplicity. Minimum Neo Everyday account balance required to earn the highest rate. For more information, visit the Neo app.* As awarded by Made in CA on October 25, 2024.