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Neo Cathay World Elite® Mastercard® Secured

4

/5

Neo Financial

Mastercard

Neo Cathay World Elite® Mastercard® SecuredPoints Calculator

Up to 35,000 Asia Miles

Our Take

The Cathay World Elite Mastercard is a top choice for frequent travelers to Asia, offering up to 35,000 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.

Neo Cathay World Elite® Mastercard® Secured review

Card Details

Interest Rates

Purchase: 19.99% - 26.99%*

Cash Advance: 22.99% - 28.99%*

* 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.

Annual Fees

Main Card: $180

Additional Cards: $49 (max 1 additional cardholder)

Welcome Bonus

  • Get a welcome bonus of up to 35,000 Asia Miles
  • Initial 15,000 Asia Miles are issued upon activation and first transaction and must be completed within 3 months from application approval date.
  • To earn the additional 20,000 Asia Miles a minimum spend of $5,000 net of refunds must be completed within 3 months from application start date.

Annual Income

Personal: $80,000

Household: $150,000

Credit Score Estimate

300⁎
Poor
560⁎
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Card Type

Secured Credit

Reward Type

Type: Points

Loyalty Program: Asia Miles

Our Rating

4/5

Institution

Neo Financial

How You Earn 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

Annual Rewards Breakdown

Annual Rewards Summary

Point Redemptions

Redemption Method

Net Value (After Annual Fee)

Insurance & Benefits

12 insurance
5 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

    Yes, 48 days
  • hourglass timer

    Baggage Delay

    $1,000 after 4 hours
  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • pause

    Trip Interruption

    $5,000
  • cancel airplane

    Trip Cancellation

    $5,000
  • travel accident medical

    Travel Medical Insurance (64 & under)

    14 days
  • hourglass timer

    Flight Delay

    $500
  • 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

    DragonPass 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

  • 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)

    • Pros & Cons

    Pros

    • Guaranteed approval
    • Generous welcome bonus
    • Discount on flights
    • High earn rates
    • Cathay Pacific perks
    • Comprehensive coverage
    • Airport lounge access

    Cons

    • High income requirements
    • Annual fee
    • Limited redemption opportunities

    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.