Neo Cathay World Elite® Mastercard® Secured

Neo Cathay World Elite® Mastercard® Secured

3.6/5

Up to 30,000 Asia Miles and 10% off flights (limited time)

Apply Now

Neo Cathay World Elite® Mastercard® Secured

Neo Cathay World Elite® Mastercard® Secured

Apply Now

Rewards Calculator Algorithm

You can estimate your rewards by inputting your monthly or yearly spending habits.

Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

$2,000

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

$

Gas

$

Transportation

$

Entertainment (Movies, Concerts, etc.)

$

Foreign Purchases (Non $CAD)

$

Travel (Flights, Hotels, etc.)

$

Pharmacy

$

Online Shopping

$

Home Improvement (Renovation, Furniture)

$

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

$

Other Purchases Not Specified

$

Card Details

Based on $2,000 spending

First Year Value

$792.65

$252.65 in years after

Annual Rewards

$432.65

Asia Miles

First Year Bonus

$540

Asia Miles

Annual Fee

$180

First Year Value

$792.65

$252.65 in years after

Interest Rates

Cash Advance: 22.99% - 28.99%

Purchase: 19.99% - 26.99%

Annual Fee

$180

Annual Income

Personal: $80,000

Household: $150,000

Credit Score

Poor

Welcome Bonus

15,000 Miles after approval. 15,000 after spending $3,000 in 3 months

Card Type

Category: Secured Credit

Loyalty Program: Asia Miles

Our Rating

3.6/5

Institution

Neo Financial

Rewards


  • Average of 5x Asia miles at Neo Partners
  • 2x Asia miles on Cathay Pacific and foreign purchases
  • 1x Asia miles at non-Neo Partners
  • Considering all the reward conditions, the average estimated cash back on all purchases comes to 1.0 cent per asia miles point by FinlyWealth

Neo Cathay World Elite® Mastercard® Secured Points Calculator

Based on $2,000 spending


Rewards Breakdown

Cathay Pacific and Foreign purchases

72 points


All other purchases

23,964 points


Annual Fee

- $180


Net Annual Rewards

24,036 points

Valued at $252.65 (after fees)

Rewards Summary

Net Annual Rewards

24,036 points

Valued at $252.65 (after fees)


First Year Card Bonus

30,000 points

Valued at $540


First Year Card Value

54,036 points

Valued at $792.65

Point Redemptions

Redemptions Chart

Travel with Asian Airlines

$792.65


Travel with other Airline partners

$630.54


Hotels

$360.36

Insurance & Benefits


Insurance

Coverage

  • luggage insurance

    Car Rental Personal Effects

    $1,000/person, $2,000 combined
  • car accident

    Car Rental Accident

    $100K for Cardholder, $10K spouse and child
  • car insurance

    Car Rental Damage & Theft

    48 days
  • hourglass timer

    Baggage Delay

    $1,000 after 4 hours
  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • travel accident medical

    Emergency Out of province Medical

    14 days
  • hourglass timer

    Flight Delay

    $250/day, $500 Maximum
  • burglar

    Hotel Burglary Insurance

    $1,000
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only. No Complimentary visits!
  • 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
  • wifi signal

    Boingo Wi-Fi hotspot

Pros & Cons


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 30,000 bonus Asia Miles.
  • High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent 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.

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