Annual Card Fee: | $0 | | Credit Score: | 640 |
Extra Card Fee: | N/A | | Purchase Interest Rate: | 19.99% |
Minimum Personal Income: | N/A | | Balance Transfer Interest Rate: | N/A |
Minimum Household Income: | N/A | | Cash Advance Interest Rate: | 22.99% |
Terms and Conditions
Refer to the Neo website for up-to-date terms and conditions.
Legal references and product terms are available on the Neo website.
Neo Credit and Neo Secured Credit cards are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.
Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Inc..
Apple Pay is a trademark of Apple Inc.
Google Pay is a trademark of Google LLC.
Part 1: Neo Mastercard® Cash Back Value per Canadian Dollar
- All Redemptions: 1 Cash Back Dollar = $ 1 CAD when redeemed or cashed out. The cash back is earned instantly after each purchase and can be used as statement credit or transferred to your Neo Everyday account.
Part 2: Neo Mastercard® Cash Back Value per 100 Canadian Dollars
- All Redemptions: 100 Cash Back Dollars = $ 100 CAD
Part 3: Summary for Best Value
To get the best value from the Neo Mastercard®:
- Choose the Right Plan: Depending on your cash balance in the Neo Everyday account, you can earn higher cash back rates. For instance, holding $ 10,000 or more might unlock the highest rates.
- Shop at Neo Partners: Use the card at Neo's partnered retailers where you can earn significantly higher cash back rates, often up to 6% or more for first-time purchases or special offers.
- Upgrade to Premium: For an additional fee, the Premium plan offers boosted cash back rates across all categories, potentially increasing your overall rewards.
- Use Perks: Add perks for specific spending categories like travel or dining, which can further enhance the cash back earned in those areas.
Part 4: Neo Mastercard® Cash Back Earned per $ 1000 Spending by Category
- Gas and Groceries (with $ 10,000 in Neo Everyday Account): 40 Cash Back Dollars per $ 1,000 spent (4% cash back).
- All Other Purchases (with $ 10,000 in Neo Everyday Account): 10 Cash Back Dollars per $ 1,000 spent (1% cash back).
- Neo Partner Retailers: Can range from 1% to 15% or more on first-time purchases, with an average of about 5% cash back after that, depending on the partnership deal.
NOTE : The value conversions may not be up to date. Please calculate your own conversion to Canadian dollars to ensure accuracy.