Neo World Mastercard^®

Part 1: Neo World Mastercard® Cash Back Value per Canadian Dollar

• All Redemptions: 1 Cash Back Dollar = $ 1 CAD. The cash back can be redeemed as a statement credit, transferred to your Neo Everyday account, or used directly for purchases through the Neo app.

Part 2: Neo World Mastercard® Cash Back Value per 100 Canadian Dollars

• All Redemptions: 100 Cash Back Dollars = $ 100 CAD

Part 3: Summary for Best Value

• Save in Neo Everyday: Increase your cash back rates by maintaining a higher balance in your Neo Everyday account. Higher balances unlock higher cash back percentages.
• Shop at Partner Locations: Make purchases at Neo's partnered merchants for enhanced cash back rates on top of the base rates.
• Use Perks: Add perks to your card for additional cash back in specific spending categories like dining or travel.
• No Annual Fee Advantage: Since there's no annual fee, all your cash back effectively contributes to your savings.

Part 4: Neo World Mastercard® Cash Back Earned per $ 1000 Spending by Category

• Groceries, Gas, Recurring Bills (with $ 10,000 in Neo Everyday Account): 40 Cash Back Dollars per $ 1,000 spent (4% cash back).
• All Other Purchases: 10 Cash Back Dollars per $ 1,000 spent (1% cash back).
• Neo Partner Retailers: Typically offers an average of 5% additional cash back on top of the regular rates, especially on first-time purchases or through special promotions.