Interested in this credit card? Earn by applying through Frugal Flyer.
The Neo Cathay World Elite Mastercard earns an average of 5x Asia Miles on purchases at thousands of Neo partners, plus 2x Asia Miles on foreign currency purchases and Cathay Pacific flights.
Check out our Neo Cathay World Elite Mastercard review for more details.
Rewards Rates
The Neo Cathay World Elite Mastercard earns Asia Miles for all purchases made on the card:
- Average of 5 Asia Miles for every dollar spent at thousands of Neo partners nationwide.
- 2 Asia Miles for every dollar spent on purchases made in foreign currencies.
- 2 Asia Miles for every dollar spent on Cathay Pacific flights.
- 1 Asia Mile for every dollar spent on all other eligible purchases in Canada.
Redeeming Cathay Pacific Asia Miles
Cathay Pacific Asia Miles can be redeemed towards award flights on Cathay Pacific or any of their partner airlines. Particularly, some of the more desirable redemptions are on Asia Miles partners that have low or no carrier-imposed surcharges, such as Finnair, Qantas, Malaysia Airlines, and Fiji Airways.
Related: Booking Cathay Pacific Awards: Don’t Let Your Points Get Stranded!
Benefits
15% Discount on Cathay Pacific Flights
Neo Cathay World Elite Mastercard cardholders will receive up to a 15% discount on Cathay Pacific flights when paying for a cash ticket with their credit card. Click here to see more details about this offer.
Insurance Coverage
The Neo Cathay World Elite Mastercard offers several types of insurance coverage:
- Travel emergency medical: Coverage for the first 14 days of any out-of-province trips for travelers under the age of 60
- Trip interruption/cancellation: $1,000 coverage, maximum of $5,000 aggregate coverage per trip
- Flight delay insurance: $250 per day for reasonable and necessary expenses, up to an overall maximum of $500 per occurrence
- Delayed baggage insurance: $1,000 coverage for emergency purchases when your baggage is delayed
- Lost baggage insurance: $1,000 coverage when baggage is lost or damaged
- Rental car collision and loss damage coverage: Comprehensive coverage for cars up to $65,000 MSRP
- Hotel and motel burglary insurance: $1,000 coverage for stolen items per occurrence
- Purchase protection: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
View the Neo Financial Insurance Certificate page for additional details, including terms and conditions for eligibility.
Top Neo Credit Cards
| Credit Card | ||
|---|---|---|
 |
0 cash back and $100 FlyerFunds Estimated value: $100 |
|
|
0 cash back and $100 FlyerFunds Estimated value: $100 |
|
 |
0 cash back and $60 FlyerFunds Estimated value: $60 |
|
 |
25 cash back and $25 FlyerFunds Estimated value: $50 |
|
 |
0 cash back and $50 FlyerFunds Estimated value: $50 |
|
Neo did not credit the cathay pacific points upon card activation nor on reaching the 5k spend threshold (within 45 days of the 90). I have since closed the account requested the FYF fee to be reimbursed.
Hello and thanks for your article. I read the Insurance Certificate page and it states ‘The full cost of the applicable purchase must be made with the eligible card’. In my case, I will be booking an award ticket on Cathay Pacific using Asia Miles and I’m only charging the Taxes/Fuel Surcharge on the Neo Cathay WE Mastercard. If this is the case, would I be covered for Trip Cancellation and Emergency Medical during the trip?
Hi Mary,
We actually have an article on this exact topic here. Typically, if it says the full cost must be charged to the card for the cardholder to be eligible for coverage, most likely coverage will not apply on award tickets.