Cathay World Elite^® Mastercard^® – Powered by Neo

The Cathay World Elite^® Mastercard^® – powered by Neo is the only credit card in Canada that directly earns Asia Miles.

If you're loyal to Cathay Pacific, this card will help pad your Asia Miles balance and can also help you score a discount on flights.

In terms of the returns on everyday spending, the Cathay World Elite^® Mastercard^® – powered by Neo has the following earning rates:

• 4 Asia Miles per dollar spent on Cathay Pacific flights†
• 2 Asia Miles per dollar spent in foreign currencies†
• 1 Asia Mile per dollar spent elsewhere†

Furthermore, you can benefit from elevated earning rates when you use your card at Neo's exclusive partners. However, the earning rates aren't publicly disclosed, they vary over time and locations, and you'll only see them once you're a cardholder.

However, you can get an idea of the earning rates by creating a free Neo profile and then exploring partner offers through the app or in your browser. While the exact Asia Miles earning rates won't be listed, it should give you a rough idea of the businesses that offer elevated earning rates.

It's worth noting that this card levies foreign transaction fees, which means that you'll pay an additional 2.5% for transactions in currencies other than Canadian dollars. This eats into the value from the elevated earning rate of 2 Asia Miles per dollar spent, and you may want to consider a card with no foreign transaction fees instead.

Cathay Pacific Asia Miles is the loyalty program for Hong Kong-based Cathay Pacific.

Through the program, you can book flights with Cathay Pacific, as well as other oneworld airlines and other partner airlines.

Booking flights with Asia Miles is subject to distance-based pricing, and you can expect to pay more as you fly longer distances and in higher classes of service. You can also expect to pay a modest amount of taxes and fees on award bookings.

In Canada, Cathay Pacific flies to Vancouver and Toronto.

To book a flight between Vancouver and Hong Kong, you can expect to find the following one-way prices:

• Economy: 27,000 Asia Miles
• Premium economy: 50,000 Asia Miles
• Business class: 88,000 Asia Miles

• Economy: 38,000 Asia Miles
• Premium economy: 75,000 Asia Miles
• Business class: 115,000 Asia Miles

• Fly Cathay Pacific First Class from Hong Kong to Beijing for 43,000 Asia Miles
• Fly Cathay Pacific First Class from Hong Kong to Tokyo for 50,000 Asia Miles
• Fly British Airways business class from North America to London for 63,000 Asia Miles
• Fly American Airlines business class from the US to Australia for 89,000 Asia Miles
• Fly Cathay Pacific First Class from Hong Kong to London or Los Angeles for 125,000 Asia Miles 
• Fly Japan Airlines First Class from Tokyo to New York for 135,000 Asia Miles