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
Welcome Bonus:
N/A
Reward Rate:
Earn 5% cash back on groceries, 4% on recurring payments, and 3% on gas.
A key differentiator is the Neo World Elite Mastercard's impressive cash back rate of 5% on groceries, making it a strong contender for those who prioritize grocery spending. The card's flexibility in cash back redemption further enhances its value.
Pros:
- High cash back rates
- No annual fee for certain users
Cons:
- Annual fee applies
- High income requirement
The Neo World Elite Mastercard may be particularly beneficial for individuals who frequently shop for groceries and seek a high cash back rate, given its 5% rewards on grocery purchases. With its annual fee of CA$125 and no welcome bonus, it is best suited for those who can maximize their cash back potential through regular spending in this category.