Neo World Mastercard® – Gas & Grocery Review
Even placed next to other top-tier no-fee cash back credit cards in Canada, the Neo World Mastercard - Gas & Grocery is still superior in terms of rewards, especially if you purchase from Neo Partners.
Sep 23, 2026 2:37 PM
The Bottom Line
If you purchase goods and services from Neo Partners, the Neo World Mastercard - Gas & Grocery could very well be the best no-fee cash back credit card on the Canadian market. These partners provide additional cash back on top of the initial rates included on the card. To learn more about this unique budget-conscious cash back contender, keep scrolling.
Skip to: Detailed Review
on Neo Financial's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
19.99% - 29.99%□ / 22.99% - 31.99%
RECOMMENDED CREDIT SCORE
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% boosted cashback at thousands of partners across Canada - on top of base cashback rates
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Mastercard Zero Liability Protection
Yes
Benefits
Details
No Foreign Transaction Fees1
You can get all FX fees rebated up to $10K spending per month with a Neo Grow membership ($12.99/month cost or $0 with $20K across your Neo accounts)
World Mastercard Benefits
Including discounting with participating partners and DragonPass airport lounge access.
Eligibility
Credit Score
FairAnnual Income
$50,000 personal or $80,000 household
Card Details
Interest Rates
Purchase APR
19.99% - 29.99%□
Cash Advance APR
22.99% - 31.99%
Balance Transfer APR
22.99% - 31.99%
Fees
Annual Fee
$0
Eligibility
Minimum Individual Income
$50,000
Minimum Household Income
$80,000
Credit Score Estimate
Fair
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- Boosted partner cashback
- Instant approval and access
Cons
- Basic insurance coverage
- Spending caps
- Income requirements
Our Detailed Review
How You Earn Rewards with the Neo World Mastercard - Gas & Grocery
Let’s jump right into it. Here’s how much you’ll earn with the Neo World Mastercard - Gas & Grocery:
- 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 thousands of Neo Partners
Simply put, the Neo World Mastercard - Gas & Grocery already comes with some strong cash back rates on popular everyday spend categories. However, if you shop at Neo Partners, you can tack on extra rewards.
Redeeming your Rewards with the Neo World Mastercard - Gas & Grocery
Perhaps one of the best parts about the Neo World Mastercard - Gas & Grocery is also the fact that you can withdraw your cash back rewards at any time. After you receive your cash back in your account, you’re free to spend those rewards on anything you’d like.
Benefits and Perks
2 Benefits of the Neo World Mastercard - Gas & Grocery
Want some more good news about the Neo World Mastercard - Gas & Grocery? Well, you’ve come to the right place.
In this section, we’ll highlight all of the perks that make the Neo World Mastercard - Gas & Grocery one of the best Neo credit cards in Canada.
For starters, the Neo World Mastercard - Gas & Grocery is particularly appealing given the fact that it has no annual fee on top of a remarkable rewards program. Still, just keep in mind that to qualify for the card you will need to meet some annual income requirements.
As mentioned, if you shop at any participating Neo Partners, you can receive additional cash back on top of your initial or boosted rates. These rates will vary by retailer, but you can expect to receive up to 15% in cash back when you meet specified spending requirements.
Drawbacks and Considerations
4 Downsides of the Neo World Mastercard - Gas & Grocery
As always, our reviews remain unbiased.
With this in mind, here are some of the downsides of the Neo World Mastercard - Gas & Grocery:
As a World Mastercard, the Neo World Mastercard - Gas & Grocery unfortunately comes with some income requirements. These requirements might make this budget-friendly option less accessible to lower annual earners.
As of now, expect personal income requirements of $50,000 and household income requirements of $80,000.
Let’s say you don’t shop at Neo Partners. In this case, you’ll be subject to a below-average base rate on all unspecialized spending categories.
There are even some cons when it comes to the Neo World Mastercard - Gas & Grocery's specialized earn categories, and these cons are the monthly spending caps.
As listed, you can spend up to $1,000 a month on groceries, $1,000 a month on gas, and $500 a month on recurring payments. Afterwards, you’ll earn that below-average base rate we mentioned before. Even then, you’ll only be able to spend up to $2,500 a month. Sure, this amount might be tricky to reach, but it's still worth noting. If you reach this point, you won’t earn any more rewards with a high rate for the month.
Perhaps the most disappointing aspect of the Neo World Mastercard - Gas & Grocery is the fact that it lacks extensive coverage by only offering the basics (extended warranty insurance and purchase protection insurance) and the fact that there are absolutely no benefits.
Even though this is a no-fee credit card, there are still some similar competitors that offer a little bit more in one or both of these categories.
Compare to Similar Cards
Comparison to Other No-Fee Cashback Credit Cards
To help you gauge whether or not the Neo World Mastercard - Gas & Grocery is the right choice for you, we’re going to compare it against other competing no-fee cash back credit cards.
Here’s a quick look at the comparisons we’ll be making:
Neo Financial
3.4
Rogers Bank
4.5
Simplii Financial™
4.3
American Express
3.8
Annual Fee
$0
$0
$0
$0
$0
Interest Rates
Purchase
19.99% - 29.99%
19.99% - 23.99%
Cash advance
22.99% - 31.99%
Balance transfer
22.99% - 31.99%
Purchase
20.95%*
Cash advance
22.95%*
Balance transfer
22.95%*
Rate details
Purchase
21.99% - 25.99%*
Cash advance
22.99% - 27.99%*
Balance transfer
22.99% - 27.99%*
Rate details
Purchase
20.99%*
Cash advance
22.99%*
Balance transfer
22.99%*
Rate details
Purchase
21.99%*
Cash advance
21.99%*
Rate details
Welcome Bonus
—
Get $120 with a Tangerine® Money-Back World Mastercard®* and a limited time promo rate on balance transfers
Welcome Bonus varies
20% cashback† up to $500 in spending
Up to $100 in Statement Credits
Rewards
$252.26
First year rewards
$402.86
First year rewards
$360
First year rewards
$438.18
First year rewards
$409.2
First year rewards
on Neo Financial's website
on Tangerine's website
on Rogers Bank's website
on Simplii Financial™'s website
on American Express' website
Apply with Confidence — won't impact your credit score
Welcome Bonus Details
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
Neo World Mastercard - Gas & Grocery vs Tangerine Money-Back World Mastercard
The Tangerine Money-Back World Mastercard uniquely allows cardholders to pick 2 earn categories out of the 13 offered by Tangerine, including gas, groceries, and recurring purchases. Want them all? If you deposit your earnings into a Tangerine Savings Account, you unlock a third category. By doing so, you make the initial cash back rates of the Neo World Mastercard - Gas & Grocery, but you miss out on any extra partner purchase optimization. The Tangerine Money-Back World Mastercard also offers better coverage and more perks, including a Dragon Pass membership, discounts on data plans, and Mastercard on-demand and subscription services. The two cards also sport the same income requirements.
Verdict: The Tangerine Money-Back World Mastercard can be identical to the Neo World Mastercard - Gas & Grocery when you deposit cash back into a Tangerine Savings Account, it even offers better perks and coverage. That said, the Neo World Mastercard - Gas & Grocery has better earning potential with partner cash back boosts.
Neo World Mastercard - Gas & Grocery vs Rogers Red World Elite Mastercard
The Rogers Red World Elite Mastercard can earn you similar cash back on all eligible purchases if you have a qualifying Rogers, Fido, Shaw or Comwave service, but that's before you consider the Neo World Mastercard - Gas & Grocery's partner boosts. Still, the Rogers Red World Elite Mastercard offers much better coverage, including valuable protections like trip interruption, trip cancellation, and travel medical insurance. Cardholders can also expect additional perks like a Dragon Pass membership and Roam Like Home days with an eligible Rogers mobile plan. Note, however, that the Rogers Red World Elite Mastercard comes with higher income requirements and an annual spending cap.
Verdict: The Rogers Red World Elite Mastercard is a better alternative for Rogers customers who don't often shop at Neo partner brands.
Neo World Mastercard - Gas & Grocery vs Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa Card comes with superior cash back on eligible restaurant, bar, and coffee shop purchases. That said, cardholder holders receive less cash back on gas, groceries, and recurring payments. On the plus side, this card comes with a much lower annual income requirement.
Verdict: The Simplii Financial Cash Back Visa Card is an accessible option for foodies.
Neo World Mastercard - Gas & Grocery vs SimplyCash Card from American Express
For similar cash back on gas and groceries, check out the SimplyCash Card from American Express. This contender also comes with some extra perks and coverage, like exclusive Amex Experiences and travel accident insurance. The best part? Applicants dodge annual income requirements completely.
Verdict: The SimplyCash card is a more accessible option for gas and grocery optimization and better perks and coverage.
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 ...
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Neo World Mastercard® – Gas & Grocery Cash Back Calculator
on Neo Financial's website