Neo World Mastercard

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	Welcome Bonus	Net Value
	BMO CashBack Mastercard	125 cash back	$125	Apply
	American Express SimplyCash Card	100 cash back	$100	Apply
	Simplii Financial Cash Back Visa Card	100 cash back	$100	Apply
	Tangerine Money-Back Credit Card	100 cash back	$100	Apply
	Tangerine World Mastercard	100 cash back	$100	Apply