Neo Cathay World Elite® Mastercard®

Neo Cathay World Elite® Mastercard®

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neo world elite mastercard

Neo World Elite® Mastercard®

APPLY NOW

Neo Cathay World Elite® Mastercard® vs Neo World Elite® Mastercard®: Which one is better?


Neo Cathay World Elite® Mastercard®

Neo Cathay World Elite® Mastercard®

4.2


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

neo world elite mastercard

Neo World Elite® Mastercard®

4.6


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$644.33

Asia Miles


First Year Bonus Value

$720

Asia Miles


Annual Fee

$180


First Year Value

$1,184.33

$464.33 in years after

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

Rewards Breakdown

Annual Rewards

$623.18


First Year Bonus Value

$0


Annual Fee

$125


First Year Value

$498.18

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

Insurance Included*

  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • hourglass timer

    Baggage Delay

    $1,000 after 4 hours
  • car insurance

    Car Rental Damage & Theft

    48 days
  • car accident

    Car Rental Accident

    $100K for Cardholder, $10K spouse and child
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days
  • burglar

    Hotel Burglary Insurance

    $1,000
  • travel accident medical

    Emergency Out of province Medical

    14 days
  • luggage insurance

    Car Rental Personal Effects

    $1,000/person, $2,000 combined
  • cancel airplane

    Trip Cancellation

    $5,000
  • pause

    Trip Interruption

    $5,000
  • hourglass timer

    Flight Delay

    $250/day, $500 Maximum

Insurance Included

  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • hourglass timer

    Baggage Delay

    $1,000
  • car insurance

    Car Rental Damage & Theft

    Yes
  • car accident

    Car Rental Accident

    $100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days
  • burglar

    Hotel Burglary Insurance

    $1,000
  • travel accident medical

    Emergency Out of province Medical

    Up to $1,000,000
  • luggage insurance

    Car Rental Personal Effects

    $1,000
  • cancel airplane

    Trip Cancellation

    $1,000
  • pause

    Trip Interruption

    $1,000
  • hourglass timer

    Flight Delay

    $500

Extra Benefits*

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only. No Complimentary visits!

  • wifi signal

    Boingo Wi-Fi hotspot

  • discount

    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)
  • airport waiting room

    Priority Travel

    Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption access
  • airport waiting room

    Priority Travel

    Airport Security Fast Track with and professional and punctual airport with Mastercard benefits

Extra Benefits

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only - pay $32 USD per visit

Interest Rates*

Purchase:

19.99% - 26.99%1

Cash Advance:

22.99% - 28.99%1

Interest Rates

Purchase:

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec)

Cash Advance:

22.99% - 28.99%

Balance Transfer:

N/A

Annual Fee*

$180

Annual Fee

$125

Income Required*

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Welcome Bonus*

Get 20,000 Asia Miles upon sign-up, and an additional 20,000 Asia Miles after spending $5,000 within your first 90 days

Welcome Bonus

N/A

Rewards Rate*

  • Earn 2x Asia Miles per $1 spent on Cathay Pacific flights and 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)

Rewards Rate

  • 5% cash back on grocery purchases up to $1,000 spending per month (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 4% cash back on recurring purchases up to $500 spending per month (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 3% cash back on gas purchases up to $1,000 spending per month (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 1% cash back on all other purchases with no spending caps
  • 5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

Loyalty Program*

Loyalty Program

N/A

Point Redemption Options*

  • travel - plane

    Travel with Asian Airlines

    1.8¢ / point
  • plane

    Transfer to Airline Partners

    1.5¢ / point
  • hotel

    Transfer to Hotel Partners

    1¢ / point

Point Redemption Options

Not Applicable

Is this card worth it?

The Cathay World Elite Mastercard is a top choice for frequent travelers to Asia, offering up to 40,000 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.

Is this card worth it?

This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) 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, for a typical person who's spending is generally below $12k per year in grocery, $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

  • Generous Bonus: Earn up to 40,000 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.

Pros

  • Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
  • 12 different types of insurance coverage
  • Airport lounge access with DragonPass with $32 USD per visit
  • Additional cash back earning at over 10,000 Neo partners

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.

Cons

  • High income requirements of $80,000 personal or $150,000 household
  • Cash back spend caps can limit your rewards
  • Having to keep at least $5k in an everyday account to boost your cash back tier

Legal


*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.
1 The Purchase Credit Rate on the Cathay World Elite® Mastercard® is (19.99%-26.99%) and the Cash Advance Rate is (22.99%-28.99%).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 Disclosure at time of application for your specific rate.

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