Neo World Elite Mastercard
Neo Financial
Annual fee
CA$125
Rewards rate
5%-1%
Welcome Bonus
N/A
Apply Now →on Neo Financial's website
- 5%Cash back on groceries
- 4%Cash back on recurring payments
- 3%Cash back on gas
- 1%Cash back on all other purchases
Welcome Bonus:
N/A
Reward Rate:
Earn 5% on groceries, 4% on recurring payments, 3% on gas, and 1% on everything else.
The Neo World Elite Mastercard offers some of the highest cash back rates in Canada, particularly for groceries and recurring payments, making it an excellent choice for those looking to maximize their rewards.
Pros:
- High cash back on essentials
- No foreign transaction fees
Cons:
- Annual fee applies
- Income requirements may limit eligibility
The Neo World Elite Mastercard is well-suited for consumers who frequently spend on groceries and recurring payments, given its competitive cash back rates. However, potential applicants should consider the annual fee and the absence of a welcome bonus when evaluating its overall value.