Neo Credit Card Partner list

The Most Comprehensive Neo Credit Card Partners List

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Abid Salahi

•

4 min read

List last updated at Nov 2023

Neo credit cards have a cashback structure unlike any other credit card in Canada. The cashback you get is not dependent on your purchase category (e.g., Food, Gas, etc.) but is rather based on whether Neo is a partner of that merchant.

Different partners can give you different percentages of cashback. More importantly, the cashback for each partner might have some extra conditions to release the cashback earned. For example, a Neo partner might require a minimum of $50 in order to qualify your purchase for the cashback bonus.

At the end of the blog, we will go into more detail about how we got the partner list and what happens if you buy from a merchant that is not a Neo Partner.

Neo Partners List - A Comprehensive List


The Neo credit card works in two different ways, depending on the store. In some stores, it's like a savings game. Here’s how it works: Imagine you get a small bonus, like 5% of your purchase price, each time you buy something. But you don't get this bonus right away. You must buy things a few times, like 2 or 3 times, from the same store. After you've done that, you get all your bonuses added up and given to you at once.

In other stores, it's much simpler. Every time you buy something, you immediately get a small bonus, like 5% of what you spent. No need to wait or buy more things to get it.

Top Fast Food Chains Partnered with Neo in Canada



Neo Credit CardMore Details

Neo Credit Card

3.2

Finly Rating

Welcome Bonus

N/A

Net Annual Rewards

$288

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

  • 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

  • Almost no cashback or very little cashback is available at non-Neo partners, which comprise most merchants.
  • No built-in purchase protection and extended warranty benefit.

Rewards

  • Average of 5% cashback at Neo Partners
  • Up to 15% cashback on first purchases at Neo partners
  • 1% cashback on gas and grocery
  • 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
  • With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Good

  • Annual Income

    N/A

Top Restaurant Chains Partnered with Neo in Canada


Top Clothing Stores Partnered with Neo in Canada


Top Grocery Stores Partnered with Neo in Canada



Top Pharmacy Chains Partnered with Neo in Canada


Top Subscriptions Partnered with Neo in Canada

Top Online stores Partnered with Neo in Canada


Neo Secured Credit CardMore Details

Neo Secured Credit Card

4.7

Finly Rating

Welcome Bonus

N/A

Net Annual Rewards

$288

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$60

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

  • Best Secured Credit Card in Canada voted by FinlyWealth.
  • Only Secured Card that you can earn rewards with!
  • Option to add additional benefits with a monthly fee.
  • Some benefits provided are exclusive to Neo Card holders.
  • Deposit of only $50 required to get started

Cons

  • Only reports credit activity to TransUnion® and not Equifax®

Rewards

  • Average of 5% cashback at Neo Partners
  • Up to 15% cashback on first purchases at Neo partners
  • 1% cashback on gas and grocery
  • 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
  • With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Poor

  • Annual Income

    N/A

Top Gas Chains Partnered with Neo in Canada


Neo Credit CardMore Details

Neo Credit Card

3.2

Finly Rating

Welcome Bonus

N/A

Net Annual Rewards

$288

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

  • 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

  • Almost no cashback or very little cashback is available at non-Neo partners, which comprise most merchants.
  • No built-in purchase protection and extended warranty benefit.

Rewards

  • Average of 5% cashback at Neo Partners
  • Up to 15% cashback on first purchases at Neo partners
  • 1% cashback on gas and grocery
  • 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
  • With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Good

  • Annual Income

    N/A

What happens when you make a purchase at a Non-Neo Partner?


Not being a NEO partner does not mean you don't earn any cashback.

At first glance, nothing gets earned when someone uses their Neo Card with non-Neo partners, which is a false assumption.

If the place that you are purchasing from is a gas station or a grocery store and is a non-Neo partner, you earn 1% cashback on those purchases.

For purchases not from a Neo partner and not a grocery store or a gas station purchase, Neo looks at all your purchases in the month. If your overall cashback rate from all your purchases is less than 0.5%, then Neo will make up the difference and give extra cashback so you get the 0.5% cashback guarantee they promised. So rest assured, your cashback rate will never go below 0.5%

How we got the Comprehensive Neo Partner List


Unfortunately, Neo doesn't share the complete list of all their partners online, and you can only access the merchants on the app case by case.

So what did we do?

We went through the list of top chains in Canada for different categories on the app and wrote the details of each merchant for you. We got a list of top merchants in each category, went through the app, and documented the merchants that had partnered with Neo.

So, any merchant that is not listed here either is not a partner or was not checked because they were not a top merchant.

Should you get the Neo card?


Now that you have seen the Neo Partner list, you might be thinking about whether you should get this card or not, considering there are some other factors you need to consider as well.
Neo Credit CardMore Details

Neo Credit Card

3.2

Finly Rating

Welcome Bonus

N/A

Net Annual Rewards

$288

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

  • 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

  • Almost no cashback or very little cashback is available at non-Neo partners, which comprise most merchants.
  • No built-in purchase protection and extended warranty benefit.

Rewards

  • Average of 5% cashback at Neo Partners
  • Up to 15% cashback on first purchases at Neo partners
  • 1% cashback on gas and grocery
  • 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
  • With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Good

  • Annual Income

    N/A

Neo Secured Credit CardMore Details

Neo Secured Credit Card

4.7

Finly Rating

Welcome Bonus

N/A

Net Annual Rewards

$288

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$60

Interest Rates

19.99% - 29.99% / 22.99% - 31.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

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

  • Best Secured Credit Card in Canada voted by FinlyWealth.
  • Only Secured Card that you can earn rewards with!
  • Option to add additional benefits with a monthly fee.
  • Some benefits provided are exclusive to Neo Card holders.
  • Deposit of only $50 required to get started

Cons

  • Only reports credit activity to TransUnion® and not Equifax®

Rewards

  • Average of 5% cashback at Neo Partners
  • Up to 15% cashback on first purchases at Neo partners
  • 1% cashback on gas and grocery
  • 0% at Neo non-partners but with a 0.5% cashback guarantee on overall purchases
  • With all these condition, the average estimated cashback on all purchases came to 1.2% by FinlyWealth

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Poor

  • Annual Income

    N/A


Neo Partners List - Conclusion


Neo Credit cards don't have very high coverage on Restaurants and Fast Food chains, and their coverage is around 25% out of the top merchants that were checked. On clothing, subscription, and Gas purchases, on the other hand, they have a much higher coverage.

One important thing is that on some of the partners, the cashback rate is significant and can't be beat by using any other credit card so one of the best things to do is to use another card when the merchant is not a Neo partner and when the merchant is a Neo partner, you can check the cashback rate and if it makes sense use that card.

The Neo app is really great for checking for available cashback partners around you.
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