Side by Side Credit Cards Comparison
Neo Mastercard®VSNeo World Mastercard® – Gas & Grocery
Which one is better?
Neo Mastercard®
3.2
RECOMMENDED CREDIT SCORE*
Neo World Mastercard® – Gas & Grocery
3.4
RECOMMENDED CREDIT SCORE*
Welcome Bonus
N/A
Welcome Bonus
N/A
Our Cash Offer
$50 Cash Rebate offer from FinlyWealth
Our Cash Offer
$50 Cash Rebate offer from FinlyWealth
Rewards Breakdown
Rewards breakdown is not available for this card.
Rewards Breakdown
Rewards breakdown is not available for this card.
How to Earn Rewards
- Up to 15% cash back at thousands of partners across Canada
How to Earn 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 Included
N/A
Insurance Included
Extended Warranty
1 year
Purchase Protection
90 days
Mastercard Zero Liability Protection
Yes
Extra Benefits
N/A
Extra Benefits
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.
Interest Rates
Purchase:
19.99% - 29.99%
Cash Advance:
22.99% - 31.99%
Balance Transfer:
22.99% - 31.99%
Interest Rates
Purchase:
19.99% - 29.99%
Cash Advance:
22.99% - 31.99%
Balance Transfer:
22.99% - 31.99%
Annual Fee
$0
Annual Fee
$0
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
$50,000
Min Household Income:
$80,000
Is this card worth it?
The Neo Credit Card is special because it earns rewards based on whether the merchant is a partner or not. Most of the time, the cashback earned at these partners is the highest possible compared to all other credit cards. However, we don't recommend using this card as your main credit card and suggest using it only at partner merchants. This is because the rewards at non-partner merchants are very small, and most merchants are not partnered with Neo.
Is this card worth it?
This card offers balanced rewards for everyday purchases. There's a secured version of this card too, which would be beneficial for those wanting to build credit and earn cash back at the same time at only $7.99/month.
Pros
- No annual fee
- Instant approval and access
- Unique partner cashback program
- Unique benefit system
- Balance protection
Pros
- No annual fee
- Boosted partner cashback
- Instant approval and access
Cons
- Insurance and benefit fees
- Spending caps
- Low cashback rates
Cons
- Basic insurance coverage
- Spending caps
- Income requirements
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.