5% cashback on groceries & 3% on gas¹
4% cashback on recurring and 1% on everything else¹
Mastercard World Elite® Travel benefits²
Comprehensive Insurance³
NEO WORLD ELITE® MASTERCARD
Coming soon: An elite world of cashback
Get rewarded with real money instead of points.
Join the waitlist
Neo World Elite® Mastercard delivers premium benefits and extraordinary cashback that grows with healthy balances in your Everyday account
Cashback rates that start high and get even higher
Move the slider to explore how Everyday account balance affects rewards.Learn more
Gas
3.00%
Turn your essential spending into cashback no matter where you fill up.
$200
Groceries
5.00%
Turn your essential spending into cashback no matter where you shop for groceries.
$200
Everything else
1.00%
Get cashback on every purchase when you pay with your card.
$700
Put your cashback on turboVisit any of our 10,000 partners and earn an additional average of 5% cashback on top of your everyday cashback.²
The math is clear. Neo wins.
Neo’s cashback rewards reign supreme over other premium cards.⁵
Join the waitlist| Card | Estimated Everyday cashback value (annual) | Partner network cashback value (annual) | Total cashback value (annual) |
|---|---|---|---|
| Neo World Elite® Mastercard | $1,160 | +$53 | $1,213 |
| BMO CashBack World Elite® Mastercard | $808 | $0 | $808 |
| Scotia Momentum Visa Infinite | $712 | $0 | $712 |
| TD Cashback Visa Infinite | $670 | $0 | $670 |
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.
Additional card benefits
Extended Warranty & Purchase Protection.Extends manufacturer’s warranty and provides protection for damaged or stolen items.³
Auto Rental Collision Loss DamageCoverage for damages or theft in rental vehicles, providing additional financial protection for renters.³
Comprehensive Travel InsurancesOut of province or country emergency medical, delayed and lost baggage, flight delay, trip cancellation/interruption, and more!³
Annual Fee $149
Purchase Interest 19.99% - 26.99%
Cash Advance Interest 22.99% - 28.99%
Start earning elite levels of cashback with products that work together.
Got questions?
We’ve got answers.
How do I know if I am eligible for the Neo World Elite® Mastercard?
Eligibility for this card requires a minimum annual income: personal: $80,000; or household: $150,000.
What is the credit limit?
The credit limit is up to $30,000 on approval. For a secured World Elite® Mastercard, a minimum deposit of $200 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is an annual fee of $149 for any World Elite® 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.
What is the cashback amount and how do rewards work?
Our cashback amounts are tied to your Everyday balance. For example, earn 5% on gas and groceries, with an additional 2% on all other spend when you have $10,000 in your Everyday account. Use the calculator above to see how your Everyday balance rate impacts your cashback rates.
If I already have a Neo Credit card, can I still get a Neo World Elite® Mastercard?
Yes – you can enjoy all the additional benefits of the World Elite card including boosted cashback at your favorite brands by applying for this card directly in the Neo app.
Does Neo World Elite® offer supplemental cards?
Currently, Neo World Elite® does not offer supplemental cards. It is something we are working on!
What’s the purchase rate and APR?
The Purchase Credit Rate on the Neo World Elite® Mastercard is 19.99% - 26.99%. In Newfoundland and Quebec, the Purchase Credit Rate on the Neo World Elite® 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.
¹ Eligible cashback spend cap for all other purchases is $3,330 per month. After monthly spend caps are reached, subsequent purchases earn 1% cashback. Caps are reset monthly. Maximum cashback percentages listed are with a balance of $10,000 in your Neo Everyday account.² Certain terms, conditions and exclusions apply. For more information, please refer to your benefits guide or contact Neo Financial™..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/plans⁴Average 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. The Neo Rewards™ Program is operated by Neo.⁵ Based on annual spend of $41,800 and a comparison of the non-promotional gas and grocery earn rates on cashback credit cards as of July 17, 2024. Research excludes welcome offers. Numbers rounded for simplicity. Minimum balance required in your Neo Everyday account to earn the highest rate. For more information, visit the Neo App. The Neo RewardsTM Program, including cashback, is operated by Neo.The Neo Everyday account is provided by Peoples Bank of Canada.Neo 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.