Neo World Elite^® Mastercard

The Neo World Elite® Mastercard is Neo Financial’s premium cash back card. Cardholders choose one of three rewards plans at signup — Gas & Grocery, Shop & Dine, or Everywhere — each tuned to a different spending style.

The card itself, including the $149 annual fee, $80,000 personal income requirement, and Mastercard World Elite benefits, is the same across all three plans — only the cashback categories differ.

The Neo World Elite® Mastercard has an annual fee of $149, which is waived for the first year.

A supplementary card is available for an additional annual fee of $49.

The card is also available as a secured version with the same $149 annual fee. Until December 31, 2026, new Neo customers get $25 when they're approved for a secured Neo Mastercard.^†

The Neo World Elite® Mastercard offers three rewards plans, chosen at signup. Each plan applies the same $149 annual fee, income requirements, and Mastercard World Elite benefits — only the cashback categories differ.

Neo World Elite® Mastercard – Gas & Grocery

For households whose spending centres on groceries, fuel, and recurring bill payments.

• 5% cash back on groceries on the first $1,000 each month, then 1% thereafter
• 4% cash back on recurring bill payments on the first $500 each month, then 1% thereafter
• 3% cash back on gas and EV charging on the first $1,000 each month, then 1% thereafter
• 1% cash back on all other purchases, with no cap

Also available as a secured card with the same earning rates.

Apply for Gas & Grocery

Neo World Elite® Mastercard – Shop & Dine

For customers who spend heavily on dining, takeout, and retail shopping.

• 5% cash back on food and drink on the first $1,000 each month, then 1% thereafter
• 3% cash back on shopping on the first $1,000 each month, then 1% thereafter
• 1% cash back on all other purchases, with no cap

Shopping cashback excludes Amazon and wholesale purchases. Also available as a secured card with the same earning rates.

Apply for Shop & Dine

Neo World Elite® Mastercard – Everywhere

For customers who want consistent cashback on every purchase with no categories to track.

• 2% cash back on all purchases on the first $4,000 each month, then 1% thereafter

Also available as a secured card with the same earning rates.

Apply for Everywhere

Monthly spend caps reset each calendar month. Cash back posts instantly to your Neo Rewards Wallet, with no minimum redemption threshold and no expiry.

On top of the base rates, Neo’s partner network offers up to 15% boosted cashback at thousands of partners across Canada, paid on top of the card’s regular cashback.