Interested in this credit card? Earn by applying through Frugal Flyer.
The Neo Mastercard earns cashback at local and national retail partners (up to 5%) and has no annual fees.
Check out our Neo Financial credit card review for more details.
Rewards Rates
Neo Financial cardholders can earn an average of 4% cash back at retailers across Canada. Cardholders are also eligible to receive up to 15% cash back on their first purchase at specific partners.
Log into the Neo Financial app to review all of the retailer partners, including their cash back earning rates.
Neo Cashback Guarantee: At the end of the month if the cash back earned on all purchases is less than 1%, Neo will supplement the cashback earned and top up the cardholder’s account to 1% cash back. As a result, the Neo Financial MasterCard has a base earning rate of 1% cash back on all purchases.
Redeeming Cash Back
Cash back earned on the Neo Mastercard is instantly deposited into a ‘Rewards Wallet’ which can then be redeemed towards a statement credit, transferred to your Neo Everyday account, or used for merchandise on the Neo Store.
A minimum balance of $1.00 in cash back must be earned before a redemption can be made.
Other Cash Back Credit Cards With No Annual Fees
| Credit Card | ||
|---|---|---|
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100 cash back and $125 FlyerFunds Estimated value: $225 Ends Aug 31, 2025 |
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125 cash back and $50 FlyerFunds Estimated value: $175 Ends Jun 1, 2025 |
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100 cash back and $75 FlyerFunds Estimated value: $175 Ends Aug 31, 2025 |
|
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80 cash back and $60 FlyerFunds Estimated value: $140 |
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60 cash back and $50 FlyerFunds Estimated value: $110 |
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Hi,
Are we ever going to get our rebate for signing up for this card? It’s been 2 months.
If not, please let me know so I can stop bothering your team.
I’m sure other people have the same question.
Yes you will, we are working on it. The issue is on Neo’s side which is why GCR is facing the same problem and having some issues with payout as well.
I’m trying to sign up, it says phone already belongs to a customer, this is my phone, I doubt anybody else used it.
Hello?
You best talk to Neo directly about that…