4.6
/5
Neo Financial
Neo World Elite® Mastercard – Shop & DineCash Back Calculator
Finly Special Offer
$0 First-Year Annual Fee and $100 Welcome Bonus
Our Take
This card offers some of the highest cash back rates in Canada on dining, takeout, and retail shopping. Cardholders can also boost these earn categories and more when shopping at thousands of Neo Partners. These reward opportunities are accompanied by comprehensive travel insurance and benefits, making it a well-balanced premium contender.
Card Details
Interest Rates
Purchase: 19.99% - 26.99%□
Cash Advance: 22.99% - 28.99%
Balance Transfer: 22.99% - 31.99%
□ Purchase rate for Quebec residents is 19.99% - 23.99%
Annual Fees
Main Card: $149
$0
$0 first year
Additional Cards: $49 (max 1 additional cardholder)
Finly Special Offer
Welcome Bonus
- $0 First-Year Annual Fee: $149 fee waived for year one.
- $100 Welcome Bonus: Earned after spending $1,500 in the first 3 months.
- This offer is only valid for the standard (unsecured) cards that are approved.
Annual Income
Personal: $80,000
Household: $150,000
Credit Score Estimate
Card Type
Credit
Our Rating
4.6/5
Institution
Neo Financial
How You Earn Rewards
Earn 5% every time you dine out or order in, and 3% on retail shopping — the card built for how you actually enjoy spending.
Expect:
- 5% cash back on food & drink up to $1000 spending per month
- 3% cash back on shopping up to $1000 spending per month
- 1% cash back on everything else
- Up to 15% boosted cashback at thousands of partners across Canada - on top of base cashback rates
Eligible Cash Back Categories Explained:
- Food & drink: Fast food, restaurants, bars, cocktail lounges, nightclubs, caterers
- Shopping: Apparel, footwear, electronics, hardware, home & garden, sporting goods, cosmetics, pets, jewellery, and more
- Amazon and wholesale purchases are not eligible for the shopping cashback rate
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
Coverage
Travel Medical Insurance (64 & under)
Trip Cancellation
Trip Interruption
Flight Delay
Baggage Delay
Hotel Burglary Insurance
Car Rental Accident
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Car Rental Damage & Theft
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Car Rental Personal Effects
Purchase Protection
Extended Warranty
Lost or Stolen Baggage
Mastercard Zero Liability Protection
Benefits
Details
Airport Lounge - Dragon Pass
No Foreign Transaction Fees1
World Mastercard Benefits
Pros & Cons
Pros
- High cashback rates
- Premium insurance coverage
- Airport lounge membership
- Boosted partner cashback
- Instant approval and access
Cons
- High income requirements
- Annual fee
Legal
1Foreign transaction fees are automatically rebated for Grow members and limited to the first CAD$10,000 in foreign spend each month. A 2.75% foreign transaction fee (2.5% on Neo Money™ cards) is applied at the time of purchase and automatically returned to your account once the transaction moves from pending to posted. Neo Money™ Card rebates are processed monthly, at the end of the month, and returned via your Neo Chequing or Neo Everyday account.