Neo World Mastercard®
The best no annual fee credit card in Canada*
Get all of the benefits and none of the fees in a credit card that makes a world of difference.
Neo World Mastercard®
The best no annual fee credit card in Canada*
Get all of the benefits and none of the fees in a credit card that makes a world of difference.
2.00%
on Grocery¹
2.00%
on Gas¹
2.00%
on Recurring¹
0.5%
on Everything else¹
5.00%
Cashback network average²
$0.00
Annual fee
Boost your cashback with Neo
Our products are designed to work together. Grow your balance in your Neo Everyday account to boost the cashback rates on your card.
| Category | Cashback rate | Boosted rate |
|---|---|---|
| Grocery | 2% | 4% |
| Recurring | 2% | 4% |
| Gas | 2% | 4% |
| Everything else | 0.5% | 1% |
| Cashback network average² | 5% | 5% |
Experience the power of cashback with the no annual-fee Neo World Mastercard®
Get cashback on key categories, and earn even more cashback with any of our 10,000 partners.Gas
Esso
-$78.50
Gas Category cashback -- 2%
$1.57
Price after cashback
-$76.93
You save
$1.57
Groceries
Sobeys
-$246.94
Grocery Category cashback -- 2%
$4.94
Price after cashback
-$242.00
You save
$4.94
Restaurants
The Keg
-$124.00
Everything Else cashback -- 0.5%
$0.62
Neo Partner cashback -- 8%
$9.92
Price after cashback
-$113.46
You save
$10.54
Get even more from your card
Extended Warranty & Purchase ProtectionExtends manufacturer’s warranty and provides protection for damaged or stolen items.³
Mastercard® Zero LiabilityValuable protection against unauthorized transactions.⁴
Instant accessAdd your card to your digital wallet the moment you’re approved and get rewarded straight away.
Additional cardGive someone you trust a credit card to spend, earn rewards, and manage expenses in one place.⁵
The cashback advantage
Instant. Earn it in real-time, instead of monthly.
Just pay. No frustrating booking portals or blackout dates.
Ultimate flexibility. Save or spend it on anything you want.
Retains value. Points are often devalued. Cash is cash.
Earn when you burn. Use your cashback to pay for a purchase and earn more on top.
No credit score? No problem.The Neo World Mastercard® is available as a secured credit card. Only $5 a month.
$50,000 | $80,000
Income Eligibility - Individual | Household
19.99% - 29.99%
Purchase Interest
22.99% - 31.99%
Cash Advance Interest
Get set up in minutes
Get the Neo World Mastercard, open a free Neo Everyday account instantly, and earn boosted cashback levels.
Got questions?
We’ve got answers.
How do I know if I am eligible for the Neo World Mastercard®?
Eligibility for this card requires a minimum annual income: personal: $50,000; or household: $80,000.
What is the credit limit?
The credit limit is up to $30,000 on approval. For a secured Neo World Mastercard®, a minimum deposit of $200 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is no annual fee for the Neo World Mastercard®.
How do cashback rewards work?
You earn instant cashback on your purchases, with the opportunity to earn even more cashback with select partner brands. The cashback you earn is instantly available for you in your wallet, to use however and whenever you’d like.
If I already have a Neo Credit card, can I still get a Neo World Mastercard®?
Yes – you can enjoy all the additional benefits of the Neo World card including boosted cashback at your favorite brands by applying for this card directly in the Neo app.
Can I get an additional card?
Yes, you can invite a spouse, family member, or someone you trust to get an additional card, making it easier to earn rewards and manage expenses all in one place.⁵
What’s the purchase rate and APR?
The Purchase Credit Rate on the Neo World Mastercard® is 19.99% - 29.99%. In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Mastercard® is 19.99% - 23.99%.
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 Agreement and Disclosure Statement at time of application for your specific rate.
What makes the Neo World Mastercard® the best no annual fee credit card in Canada?
The Neo World Mastercard® offers 2% cashback on essential categories like groceries, gas, and recurring payments, plus 0.5% back on every other purchase—all without charging an annual fee. Neo's extensive cashback partner network and digital-first approach provide unmatched value to cardholders. That’s why our card was named "The Best No Annual Fee Credit Card in Canada" by Made in CA in October 2024.
How does the cashback system work without an annual fee?
Despite having no annual fee, the Neo World Mastercard® offers competitive cashback rates by partnering with over 10,000 businesses, allowing users to earn rewards effortlessly on everyday purchases.
¹ Cashback earn subject to monthly spend limit. When monthly spend limit is reached, subsequent spending earns 0.5%. Spend limit resets monthly. For more information, visit the Neo app or https://get.neofinancial.com/rates-table/² Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.³ This insurance coverage is underwritten by Chubb Insurance Company of Canada under a Group Policy issued to Neo Financial Technologies Inc. All coverage is subject to the terms, conditions, limitations and exclusions outlined in each Certificate of Insurance, and for Quebec residents, each Product Summary. Neo, its employees and representatives are not agents of Chubb, nor can they waive or change any terms of the insurance coverage. View the full list of insurance certificates here: https://www.neofinancial.com/legal/plans⁴ Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.⁵ The account owner is solely responsible for all charges made by the additional cardholder. The account owner may remove the additional cardholder at any time. The additional cardholder shares the account owner’s credit limit. Additional cardholders must be the age of majority in their province. All cashback earned by the additional card is automatically added to the account owner’s Rewards Wallet. Transactions made by the additional cardholder only impact the account owner’s credit history. Refer to the Cardholder Agreement and Rewards Policy for full terms and conditions.* As awarded by Made in CA on October 25, 2024.The Neo Everyday account is provided by Peoples Bank of Canada.Neo World Mastercard® is issued by Neo Financial™ pursuant to licence by Mastercard International Incorporated.Mastercard, World, and the circles design are registered trademarks of Mastercard International Incorporated.