Working hard in the background...
Best Neo Credit Cards in Canada for November 2025
Published Nov 21, 2025 2:26 PM
Fact Checked
Written By
Lead Writer
Edited By
Credit Card Expert
Reviewed By
Credit Card ExpertNeo Financial offers some of the best credit cards in Canada for cashback, Cathay Pacific travel, and credit building. Uncover this institution's leading contenders in this comprehensive breakdown.
Data-driven rankings of 120+ credit cards using a proprietary algorithm
Comprehensive analysis using 25+ data points including terms and conditions, points programs, and more
Objective editorial approach - we strive for unbiased reviews following our editorial guidelines
FinlyWealth's credit cards content, including rankings and recommendations, is overseen by a team of engineers and writers who specialize in credit cards, banking, and personal finance. Our work has been featured in The Globe and Mail, GoBankingRates, and AOL. Our proprietary analysis systems evaluate product features, terms, and conditions to deliver comprehensive reviews and comparisons while maintaining strict editorial standards for accuracy and integrity.
Neo World Elite® Mastercard®: Best Overall
Neo World Mastercard® Secured: Best Secured Card
Neo Secured Mastercard®: Best Accessible Secured Card
Neo World Elite® Mastercard® Secured: Best Premium Secured Card
Neo Cathay World Elite® Mastercard®: Best Travel Card
Neo Cathay World Elite® Mastercard® Secured: Best Travel Secured Card
Neo World Mastercard®: Best No Annual Fee Card
Neo Mastercard®: Best Accessible No Fee Card
Our choice for: Best Overall
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$125
Interest Rates
19.99% - 26.99%□ / 22.99% - 28.99%
This card offers some of the highest cash back rates in Canada for gas, groceries, and recurring purchases, which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, if you're the average person whose spending is generally below $12k per year in groceries, $6k per year in recurring bills and $12k per year in gas, then you'll be doing pretty well, especially with the great insurance and benefit offers.
Pros
- Some of the highest cash back rates in Canada for common spending categories like Grocery
- Premium insurance coverage
- Airport lounge access with DragonPass with $32 USD per visit
- Additional cash back earning at over 10,000 Neo partners
- Instant approval and access to virtual card
Cons
- High income requirements of $80,000 personal or $150,000 household
- Spending caps can limit rewards
Rewards
- 5% cash back on grocery purchases up to $1,000 spending per month
- 4% cash back on recurring purchases up to $500 spending per month
- 3% cash back on gas purchases up to $1,000 spending per month
- 1% cash back on all other purchases with no spending caps
- Up to 15% cash back at over 10,000 Neo Partners
Insurance
Coverage
Travel Medical Insurance
Up to $1,000,000
Trip Cancellation
$1,000
Trip Interruption
$1,000
Flight Delay
$500Baggage Delay
$1,000
Hotel Burglary Insurance
$1,000
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent Child.svg)
Car Rental Damage & Theft
Yes.svg)
Car Rental Personal Effects
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Lost or Stolen Baggage
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Our choice for: Best Secured Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$96
$8 Paid Monthly
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%□
Most secured cards give you very low to no rewards for using your card as you build your score over time. This card, however, offers balanced rewards for everyday purchases. This is a fantastic card to help build your score while you also get to earn solid cash back rates.
Pros
- Instant approval and access to virtual card
- Guided credit building tools with built-in credit score tracking
- Additional cash back earning at over 10,000 Neo partners
- No minimum credit score requirement
Cons
- Basic insurance coverage
- Cash back spend caps can limit your rewards
Rewards
- 2% cash back on grocery purchases up to $1,000 spending per month
- 2% cash back on gas purchases up to $1,000 spending per month
- 2% cash back on recurring purchases up to $500 spending per month
- 0.5% cash back on all other purchases up to $2,500 spending per month
- Up to 15% cash back at over 10,000 Neo Partners
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Eligibility
Credit Score
PoorAnnual Income
$50,000 personal or $80,000 household
Our choice for: Best Accessible Secured Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
$25 bonus upon approval for new clients
Annual Fee
$96
$8 Paid Monthly
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%□
If you have a poor credit score and are looking to rebuild it with a secured card, then the Neo Financial Secured Credit Card is the best card to go for. This card offers so much more compared to other secured credit cards on the market, including no monthly fees, a low deposit amount needed to get started, and it is the only credit card that offers some rewards on your purchases!
Pros
- The minimum deposit requirement is only $50, making it accessible to all consumers
- High cash back rates of up to 15% at Neo Partners
- Guaranteed, instant approval with immediate access to virtual card
- Guided credit building tools with built-in credit score tracking
- No annual income or credit score requirements
Cons
- Interest rate could go really high for some customers
- A monthly fee of $7.99
Rewards
- 1% cash back on grocery purchases up to $500 spending per month
- 1% cash back on gas purchases up to $500 spending per month
- Up to 15% cash back at over 10,ooo Neo Partners
Benefits
Details
Neo Premium ($4.99/month)
optional.svg)
Neo Travel Benefits ($4.99/month)
optional
Neo Food Cashback boost ($1.99/month)
optional
Neo Mind and Body Perks ($9.99/month)
optional
Eligibility
Credit Score
PoorAnnual Income
N/A
Our choice for: Best Premium Secured Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$125
Interest Rates
19.99% - 29.99%□ / 22.99% - 28.99%□
This secured card offers some of the highest cash back rates in Canada for gas, groceries, and recurring purchases, which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, if you're the average person whose spending is generally below $12k per year in groceries, $6k per year in recurring bills and $12k per year in gas, then you'll be doing pretty well, especially with the great insurance and benefit offers.
Pros
- Instant approval and access to virtual card
- Some of the highest cash back rates in Canada for common spending categories like Grocery
- Premium insurance coverage
- Airport lounge access with DragonPass with $32 USD per visit
- Guided credit building tools with built-in credit score tracking
- No minimum credit score requirement
- Additional cash back earning at over 10,000 Neo partners
Cons
- High income requirements of $80,000 personal or $150,000 household
- Spending caps can limit rewards
Rewards
- 5% cash back on grocery purchases up to $1,000 spending per month
- 4% cash back on recurring purchases up to $500 spending per month
- 3% cash back on gas purchases up to $1,000 spending per month
- 1% cash back on all other purchases with no spending caps
- Up to 15% cash back at over 10,000 Neo Partners
Insurance
Coverage
Travel Medical Insurance
Up to $1,000,000Trip Cancellation
$1,000Trip Interruption
$1,000Flight Delay
$500Baggage Delay
$1,000Hotel Burglary Insurance
$1,000Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent ChildCar Rental Damage & Theft
YesCar Rental Personal Effects
$1,000Purchase Protection
90 daysExtended Warranty
1 yearLost or Stolen Baggage
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Eligibility
Credit Score
PoorAnnual Income
$80,000 personal or $150,000 household
Our choice for: Best Travel Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
Up to 60,000 Asia Miles (35,000 upon approval)
Annual Fee
$180
Interest Rates
19.99% - 26.99%* / 22.99% - 28.99%*
The Cathay World Elite Mastercard is a top choice for frequent travelers to Asia, offering up to 60,000 bonus Asia Miles, high earn rates at Neo retail partners, and exclusive Cathay Pacific benefits like priority check-in and lounge access. With 12 types of insurance coverage, airport lounge access through DragonPass, and the ability to earn up to 15 miles per dollar spent at select partners, this card provides substantial value for those who regularly fly with Cathay Pacific and its partners. However, the card does require a higher income and comes with a $180 annual fee.
Pros
- Generous Bonus: Earn up to 60,000 bonus Asia Miles with neo cathay pacific
- Discount on flights: Up to 15% discount on flights to Asia and beyond with code CXNEO15OFF (valid until Dec 31, 2025).
- High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent (first time purchases) at Neo retail partners.
- Cathay Pacific Perks: Enjoy several exclusive benefits with Neo Cathay Pacific.
- Comprehensive Insurance: Your Cathay Neo Card Comes with 12 types of insurance coverage.
- Airport Lounge Access: Gain entry to airport lounges with a Mastercard Travel Pass membership.
Cons
- High Income Requirement: Requires a minimum personal income of $80,000 or $150,000 household income.
- Annual Fee: The card comes with a high annual fee of $180.
- Limited Redemption: Asia Miles cannot be redeemed for flights within Canada.
Rewards
- Earn 4x Asia Miles per $1 spent on Cathay Pacific flights
- Earn 2x Asia Miles per $1 spent on purchases made in foreign currencies
- Earn 1x Asia Miles per $1 spent in Canada with your cathay neo card
- Earn an average of 5x the Asia Miles when you spend at thousands of Neo partners nationwide
- Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)
Insurance
Coverage
Car Rental Personal Effects
$1,000/person, $2,000 combinedCar Rental Accident
$100K for Cardholder, $10K spouse and childCar Rental Damage & Theft
48 daysBaggage Delay
$1,000 after 4 hoursLost or Stolen Baggage
$1,000Trip Cancellation
$5,000Trip Interruption
$5,000Travel Medical Insurance
14 daysFlight Delay
$250/day, $500 MaximumHotel Burglary Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
DragonPass only. No Complimentary visits!
Priority Travel
Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption accessPriority Travel
Airport Security Fast Track with and professional and punctual airport with Mastercard benefits
Boingo Wi-Fi hotspot
Discount
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
*The Cathay World Elite® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
Mastercard, World Elite® and the circles design are registered trademarks of Mastercard International Incorporated.
The Cathay World Elite® Mastercard is not available in Quebec. Check here for full details and current product information.
Our choice for: Best Travel Secured Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
Up to 60,000 Asia Miles (35,000 upon approval)
Annual Fee
$180
Interest Rates
19.99% - 26.99%* / 22.99% - 28.99%*
The Cathay World Elite Mastercard is a top choice for frequent travelers to Asia, offering up to 60,000 bonus Asia Miles, high earn rates at Neo retail partners, and exclusive Cathay Pacific benefits like priority check-in and lounge access. With 12 types of insurance coverage, airport lounge access through DragonPass, and the ability to earn up to 15 miles per dollar spent at select partners, this card provides substantial value for those who regularly fly with Cathay Pacific and its partners. However, the card does require a higher income and comes with a $180 annual fee.
Pros
- Guaranteed Approval: The card is the same as regular but you’ll get guaranteed approval with a security deposit of at least $200 to open an account. No credit history required.
- Generous Bonus: Earn up to 60,000 bonus Asia Miles.
- Discount on flights: Up to 15% discount on flights to Asia and beyond with code CXNEO15OFF (valid until Dec 31, 2025).
- High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent (first time purchases) at Neo retail partners.
- Cathay Pacific Perks: Enjoy several exclusive benefits with Cathay Pacific.
- Comprehensive Insurance: Comes with 12 types of insurance coverage.
- Airport Lounge Access: Gain entry to airport lounges with a Mastercard Travel Pass membership.
Cons
- High Income Requirement: Requires a minimum personal income of $80,000 or $150,000 household income.
- Annual Fee: The card comes with a high annual fee of $180.
- Limited Redemption: Asia Miles cannot be redeemed for flights within Canada.
Rewards
- Earn 4x Asia Miles per $1 spent on Cathay Pacific flights
- Earn 2x Asia Miles per $1 spent on purchases made in foreign currencies
- Earn 1x Asia Miles per $1 spent in Canada
- Earn an average of 5x the Asia Miles when you spend at thousands of Neo partners nationwide
- Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025).
Insurance
Coverage
Car Rental Personal Effects
$1,000/person, $2,000 combinedCar Rental Accident
$100K for Cardholder, $10K spouse and childCar Rental Damage & Theft
Yes, 48 daysBaggage Delay
$1,000 after 4 hoursLost or Stolen Baggage
$1,000Trip Interruption
$5,000Trip Cancellation
$5,000Travel Medical Insurance
14 daysFlight Delay
$500Hotel Burglary Insurance
$1,000Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
DragonPass only. No Complimentary visits.Priority Travel
Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption accessPriority Travel
Airport Security Fast Track with and professional and punctual airport with Mastercard benefitsBoingo Wi-Fi hotspot
Discount
Save up to 15% off on flights to Asia and beyond when you pay with your Cathay World Elite Mastercard and enter the discount code CXNEO15OFF (valid until Dec 31, 2025)
Eligibility
Credit Score
PoorAnnual Income
$80,000 personal or $150,000 household
*The Cathay World Elite® Mastercard is issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
Mastercard, World Elite® and the circles design are registered trademarks of Mastercard International Incorporated.
The Cathay World Elite® Mastercard is not available in Quebec. Check here for full details and current product information.
Our choice for: Best No Annual Fee Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%
This card offers balanced rewards for everyday purchases. There's a secured version of this card too, which would be beneficial for those wanting to build credit and earn cash back at the same time at only $7.99/month.
Pros
- Additional cash back earning at over 10,000 Neo partners
- Instant approval and access to your virtual card
Cons
- Basic insurance coverage
- Cash back spend caps can limit your rewards
Rewards
- 2% cash back on grocery purchases up to $1,000 spending per month
- 2% cash back on gas purchases up to $1,000 spending per month
- 2% cash back on recurring purchases up to $500 spending per month
- 0.5% cash back on all other purchases up to $2,500 spending per month
- Up to 15% cash back at Neo Partners
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Eligibility
Credit Score
GoodAnnual Income
$50,000 personal or $80,000 household
Our choice for: Best Accessible No Fee Card
APPLY NOW
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%□
The Neo Credit Card is special because it earns rewards based on whether the merchant is a partner or not. Most of the time, the cashback earned at these partners is the highest possible compared to all other credit cards. However, we don't recommend using this card as your main credit card and suggest using it only at partner merchants. This is because the rewards at non-partner merchants are very small, and most merchants are not partnered with Neo.
Pros
- Instant approval and access to virtual card.
- Unique cashback program which earns cashback based on partner instead of purchase category.
- Massive cashback at some partners that any other credit card couldn't beat.
- Unique benefit system where perks could be bought with a monthly fee and cancelled after use.
Cons
- No built-in purchase protection and extended warranty benefit.
- Low cash back rates on specialized categories.
- Spending caps limit reward-potential.
Rewards
- 1% cash back on grocery purchases up to $500 spending per month
- 1% cash back on gas purchases up to $500 spending per month
- Up to 15% cash back at over 10,000 Neo Partners
Insurance
Coverage
Balance Protection
optional add on
Benefits
Details
Neo Premium ($4.99/month)
Neo Travel Benefits ($4.99/month)
Neo Food Cashback boost ($1.99/month)
Neo Mind and Body Perks ($9.99/month)
Eligibility
Credit Score
GoodAnnual Income
N/A
From our editors: The full list of Best Neo Financial Credit Cards in Canada
Best Overall: Neo World Elite Mastercard
Also known as one of the best cashback credit cards in Canada, the Neo World Elite Mastercard is the top overall contender within the Neo Financial catalogue. This card earns you competitive points per dollar spent on common categories like groceries, recurring purchases, and gas. The best part? Collect even more cashback when you purchase from Neo Partners, boosting both categorical and non-categorical spending. Cardholders also receive strong coverage, including protections like trip interruption, trip cancellation, travel medical, and car rental insurance. For benefits, expect an airport lounge Dragon Pass membership, minus any complementary visits.
To qualify for this card, note that you'll need to meet some high annual income requirements. Learn more in our Neo World Elite Mastercard Review.
Best Secured Card: Neo World Mastercard Secured
If you're looking to improve or build credit, you may want to consider a secured credit card instead. The best overall secured credit card from Neo Financial is the Neo World Mastercard Secured, which is also considered one of the best secured credit cards in Canada. This contender provides decent cashback rates on grocery, gas, and recurring purchases. While there are no benefits on this card, it does include standard coverage like purchase protection and extended warranty insurance. This competitor also has a low annual fee and low annual income requirements. Read more in our Neo World Mastercard Secured Review.
Best Accessible Secured Card: Neo Secured Mastercard
To avoid annual income requirements while you build credit, you can apply for the Neo Secured Mastercard instead, featured in our best credit building credit cards in Canada post. The cashback rates on this card are low, but they still give you some return on gas and grocery purchases. Benefits aren't automatically included. For travel, food, premium, and wellness benefits, you have to pay a monthly fee per subscription. Ultimately, this card is ideal for those with poor credit. Get all the details in our Neo Secured Mastercard Review.
Best Premium Secured Card: Neo World Elite Mastercard Secured
For a secured contender with better cashback rates, benefits, and coverage, go for the Neo World Elite Mastercard Secured. This premium secured option earns cardholders solid cashback on groceries, recurring purchases, and gas, plus extra cashback on Neo Partner purchases. Coverage is also also extensive, offering the same protections as the traditional Neo World Elite Mastercard, not to mention a Dragon Pass Membership. Discover more in our Neo World Elite Mastercard Secured Review.
Best Travel Card: Neo Cathay World Elite Mastercard
For those who fly frequently to destinations within Asia, the Neo Cathay World Elite Mastercard may be your perfect travel companion, after all, it's featured in our best travel credit cards in Canada blog. This card earns you strong Asia Miles per dollar spent on Cathay Pacific flights and foreign currency purchases, plus extra miles on Neo Partner purchases. You'll also receive plenty of travel protections, like trip interruption and trip cancellation insurance, hotel burglary insurance, and travel medical insurance. This contender also comes with a few more travel benefits, such as an airport lounge Dragon Pass, priority travel perks, and access to the Boingo Wi-Fi hotspot. See more in our Neo Cathay World Elite Mastercard Review.
Best Travel Secured Card: Neo Cathay World Elite Mastercard Secured
Maybe you're looking to build credit and book trips. If so, check out the Neo Cathay World Elite Mastercard Secured. This card has all the same appeal as the traditional version, plus guaranteed approval with an eligible security deposit. Get the full rundown in our Neo Cathay World Elite Mastercard Secured Review.
Best No Annual Fee Card: Neo World Mastercard
The Neo World Mastercard is a great affordable Neo Financial contender, earning cardholders decent cashback on groceries, gas, and recurring purchases, plus bonus cashback at Neo Partners. The card includes purchase protection and extended warranty insurance. There are also annual income requirements to qualify. For more information, read our Neo World Mastercard Review.
Best Accessible No Fee Card: Neo Mastercard
For a no-fee credit card with no annual income requirements, try the Neo Mastercard instead. This card earns you some cashback on groceries and gas, plus bonus cashback on Neo Partner purchases. Insurance and perks are all optional and come with fees, offering cardholders some flexibility. Find out more in our Neo Mastercard Review.
Neo Credit Card Reward Programs
As mentioned above, there are two reward programs associated with Neo Financial. Most cards allow you to collect cashback on common spending categories like gas, groceries, recurring payments, and Neo Partner purchases. That said, there are a couple of Neo credit cards that are co-branded with Cathay Pacific, earning cardholders Asia Miles on specialized purchases.
To learn more about the Asia Miles reward program, check out our Asia miles credit card points value calculator.
Neo cashback rewards can be withdrawn at anytime. Your rewards are instantly deposited into your "Rewards Wallet", which can ultimately be turned into a statement credit, transferred to your Neo Everyday account, or used to purchase merchandise at the Neo Store.
Pros and Cons of Neo Credit Cards
To help you get a better idea of whether or not Neo Credit Cards are a good idea for you, let's take a look at their pros and cons:
Pros | Cons |
|---|---|
|
|
Ideal Applicants for Neo Credit Cards
You might consider applying for a Neo credit card if you:
- Want to optimize your gas, grocery, and recurring payments with cashback
- Shop frequently at Neo Partner retailers
- Travel often to Asia
- Want to build credit
How to Apply for a Neo Credit Card
To apply for one of the Neo credit cards above, hit the "Apply Now" button below your card of choice. Afterwards, you'll be redirected to the Neo Financial official website where you can begin the application process. Credit card applications typically ask for personal information (like your birthdate, email, and phone number) and financial information (such as your income, when applicable).
Frequently Asked Questions
Neo itself is a financial institution, but they offer plenty of credit cards. Whether you want a premium cashback card, a travel companion for trips to Asia, or a credit building contender, there's a Neo credit card for you.
Yes. You can apply for the Neo Secured Mastercard regardless of whether you have poor credit or no credit history.
Objectively, Neo Financial offers some solid credit cards for earning cashback, travelling to Asia, and building credit.
To compare Neo credit cards against other top contenders in Canada, check out our credit card comparison tool.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
SEE FULL BIOAbout the editor
Kevin Shahnazari
Credit Card Expert
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
SEE FULL BIOAbout the reviewer
Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
SEE FULL BIO