Interested in this credit card? Earn by applying through Frugal Flyer.
The Neo World Mastercard offers a base earning rate of 2% cash back on groceries, recurring bills, and gas purchases, with the option to increase earning rates by holding money in a Neo Everyday account.
Rewards Rates
The Neo World Mastercard earns cash back for all purchases made on the card:
- 2% cash back for every dollar spent on grocery purchases (up to $12,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 3% cash back on grocery purchases.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 4% cash back on grocery purchases.
- 2% cash back for every dollar spent on recurring bills (up to $6,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 3% cash back on recurring bills.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 4% cash back on recurring bills.
- 2% cash back for every dollar spent on gas purchases (up to $12,000 in spend per calendar year).
- Cardholders with a minimum balance of $5,000 in a Neo Everyday account will receive 3% cash back on gas purchases.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 4% cash back on gas purchases.
- 0.5% cash back for every dollar spent on all other eligible purchases.
- Cardholders with a minimum balance of $10,000 in a Neo Everyday account will receive 1% cash back on all other purchases (up to $30,000 in spend per calendar year).
Holding a minimum balance in your Neo Everyday Account will increase the cash back earned on groceries, recurring bills, and gas purchases as specified above.
Once the spending cap is reached in a specific category, all future purchases in that calendar year will earn 0.5% cash back.
Redeeming Cash Back
Cash back earned on the Neo World 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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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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100 cash back and $75 FlyerFunds Estimated value: $175 Ends Aug 31, 2025 |
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100 cash back and $60 FlyerFunds Estimated value: $160 |
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60 cash back and $50 FlyerFunds Estimated value: $110 |
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