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Neo Financial has unveiled its premium cashback credit card designed to deliver real-time rewards and significant value for users who prioritize flexibility and ease. Neo World Elite Mastercard is a potential game-changer in the rewards credit card landscape. The card offers a unique combination of premium benefits and a cashback structure that grows with healthy balances in an accompanying Everyday account. Users can earn cashback instantly on every purchase, eliminating the traditional wait for monthly or yearly reward redemptions. Let’s take a detailed look at the features and benefits;
Neo World Elite® Mastercard – Apply Now
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- Eligibility: $80,000 individual or $150,000 household income
- Annual Fee: $125
- Cashback Rates:
- 5% on groceries† (spend cap of $12,000/Yr)
- 6% when you have $5,000 account balance in your Neo Everyday account
- 7% when you have $10,000 account balance in your Neo Everyday account
- 4% on recurring bills† (spend cap of $6,000/Yr)
- 4.5% when you have $5,000 account balance in your Neo Everyday account
- 5% when you have $10,000 account balance in your Neo Everyday account
- 3% on Gas† (spend cap of $12,000/Yr)
- 3.5% when you have $5,000 account balance in your Neo Everyday account
- 4% when you have $10,000 account balance in your Neo Everyday account
- 1% on everything else† (no spend cap)
- 5% on groceries† (spend cap of $12,000/Yr)
- Additional Benefits
- Mastercard World Elite travel benefits†
- Extended Warranty & Purchase Protection
- Auto Rental Collison Loss Damage
- Comprehensive Travel Insurance†
- Out of Province/Country Emergency Medical
- Delayed and Lost Baggage
- Flight Delay
- Trip Cancellation and Trip Interruption
- Hotel and Motel Burglary
- …and more
†Terms and Conditions Apply. Refer to the Neo Financial page for up-to-date offer terms and conditions.
Takeaway
The Neo World Elite Mastercard stands out with its generous cashback across several spending categories. With the potential to earn up to 7% cash back on groceries, 5% on recurring bills, and 4% on gas, it is Canada’s best cashback credit card.
