Offers
FlyerFunds Rebate
If you apply for the Neo World Mastercard through Frugal Flyer and are approved, you can receive an additional $50 paid directly to you.
Earning Cash Back
When applying for the Neo World Mastercard, applicants will need to select one of three variants that have different earning rates:
- Neo World Mastercard – Gas & Grocery
- 2% cash back for every dollar spent on grocery purchases (up to $1,000 spent monthly)
- 2% cash back for every dollar spent on recurring bills (up to $500 spent monthly)
- 2% cash back for every dollar spent on gas & EV purchases (up to $1,000 spent monthly)
- 0.5% cash back for every dollar spent on all other eligible purchases (unlimited)
- Neo World Mastercard – Shop & Dine
- 2% cash back for every dollar spent on food & drink purchases (up to $500 spent monthly)
- 2% cash back for every dollar spent on shopping (up to $500 spent monthly)
- 0.5% cash back for every dollar spent on all other eligible purchases (unlimited)
- Neo World Mastercard – Everywhere
- 1% cash back for every dollar spent on all eligible purchases (unlimited)
Once the spending cap is reached in a specific category, all future purchases in that category for the month 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 Chequing Account, or used for merchandise on the Neo Store.
Fees & Eligibility
| Personal Income | $50,000 |
| Household Income | $80,000 |
| Annual Fee | $0 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 19.99% - 29.99% |
| Cash Advance Rate | 22.99% - 31.99% |
| Balance Transfer Rate | 22.99% - 31.99% |
Other Cash Back Cards
| Credit Card | ||
|---|---|---|
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$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
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$300 cash back and $150 FlyerFunds Estimated value: $450 Ends Nov 1, 2026 |
|
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$350 cash back Estimated value: $350 |
|
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$250 cash back Estimated value: $250 |
|
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$200 cash back and $50 FlyerFunds Estimated value: $250 Ends Jul 1, 2026 |
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