Get more from your money
1 When you make payments in full and on time each month.
2 Cashback earn subject to monthly spend limit. When monthly spend limit is reached, earn rate decreases for subsequent spending. Spend limit resets monthly. Minimum balance required to earn the highest rate. For more information, visit the Neo app.
3 Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner. Value increase is an average and depends on card use. Offer is subject to the Rewards Policy. Offer may be amended or cancelled at any time without notice.
4 Conditions apply. Must 1. be the age of majority in your province or territory of residence; 2. be a Canadian resident; 3. provide security funds.
⁵ Except in Quebec where the amount of the security funds is a variable amongst others, which helps establish your credit limit.
⁶For Quebec: Purchase rate (19.99%-23.99%) and cash advance rate (22.99%-24.99%).
Neo Mastercard®, Secured Neo Mastercard®, and Neo World Elite® Mastercard are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated
Mastercard, World Mastercard, World Elite, and the circles design are registered trademarks of Mastercard International Incorporated.
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Frequently Asked Questions
What do I need to join Neo?
You need to live in Canada, have a Canadian photo ID, and be the age of majority in your province to apply for a Neo card.
What is the annual percentage rate (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 cash advance interest is 22.99% - 28.99%⁶
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 cash advance interest rate is 22.99% - 31.99%⁶
The Purchase Credit Rate on the Neo Mastercard is 19.99%-29.99% and the Cash Advance Rate is 22.99%-31.99%.
For Quebec, the Purchase Credit Rate is 19.99%-24.99% and the Cash Advance Rate is 22.99%-25.99%.
Is my money insured?
The Neo Everyday and Neo High-Interest Savings accounts are provided by Peoples Bank of Canada, a CDIC member institution, and are eligible for CDIC deposit protection. Deposits held in Neo Everyday and Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca
What is the credit limit?
For the Neo World Elite® Mastercard the credit limit is up to $30,000 on approval.
For the Neo World Mastercard® the credit limit is up to $20,000 on approval.
For the Neo Mastercard the credit limit is up to $10,000 on approval.
For a Secured Neo World Elite® Mastercard, a minimum deposit of $200 is required, with a maximum credit limit of $10,000.
For a Secured Neo World Mastercard®, a minimum deposit of $50 is required, with a maximum credit limit of $10,000.
For a Secured Neo Mastercard, a minimum deposit of $50 is required, with a maximum credit limit of $10,000.
Do I have to pay fees?
There is an annual fee of $125 for any Neo World Elite® Mastercard.
There is no annual fee for a Neo World Mastercard. There is a $5 monthly fee for a Secured Neo World Mastercard.
There is no annual fee for a Neo Mastercard. There is a $5 monthly fee for a Secured Neo Mastercard.
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Start with the most competitive cashback rates in Canada
Boost cashback rates even more by depositing money into a Neo Everyday account
Also available as secured—earn cashback and build credit history
Does Neo offer supplemental cards?
Currently, Neo does not offer supplemental cards. It is something we are working on!
You can redeem cashback rewards in a few ways. You can reduce the balance in your credit account, add the cashback to your Neo Everyday account, or redeem it for merchandise at the Neo Store.
How can I redeem my cashback rewards?
Find the right card for you
Neo World Mastercard®
STARTING AT2
BOOSTED
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
2%
4%
2%
4%
2%
4%
0.5%
1%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
$50,000 personal OR
$80,000 household
Recommended
for those with
very good credit, 680+
Annual fee: $0
Neo World Elite® Mastercard
STARTING AT2
BOOSTED
GROCERY
RECURRING PAYMENTS
GAS
EVERYTHING ELSE
5%
4%
5%
3%
4%
1%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
$80,000 personal OR
$150,000 household
Recommended
for those with
very good credit, 700+
Annual fee: $125
1%
7%
Neo Mastercard
STARTING AT2
BOOSTED
GROCERY
GAS
EVERYTHING ELSE
1%
1%
4%
0%
+ EARN AN ADDITIONAL AVG OF 5% CASHBACK AT OUR 10,000+ PARTNERS3
Income requirements:
None
Recommended for those with good credit, 640+
Annual fee: $0
1%
4%