cash backno fee

Neo World Mastercard

2% groceries — Gas & Grocery plan: 2% on first $1,000/month, then 0.5%
2% recurring bill payments — On first $500/month, then 0.5%
2% gas & ev charging — On first $1,000/month, then 0.5%

Annual fee: No annual fee
Interest rates: Purchases
19.99%
Cash advances
22.99%
Balance transfers
22.99%
Foreign transactions: 2.5%

Rated by the CreditCardGuru Editorial Team

A strong no-fee card with 2% on essentials, undercut only by its 0.5% base rate. A good everyday companion card for groceries, gas, and bills.

At a glance

Annual fee: No annual fee
Foreign tx fee: 2.5%
Network: MASTERCARD
Rewards: cash back
Purchase APR: 19.99%

Rewards & earn rates

GroceriesGas & Grocery plan: 2% on first $1,000/month, then 0.5%	2%
Recurring bill paymentsOn first $500/month, then 0.5%	2%
Gas & EV chargingOn first $1,000/month, then 0.5%	2%
Everything elseAlternate plans: Shop & Dine (2% food & drink and shopping) or Everywhere (1% on everything, no cap)	0.5%

Pros & cons

Pros

2% on groceries, gas, and bills with no annual fee
Flexible reward plans and instant redemption

Cons

0.5% base rate is weak outside bonus categories
Monthly caps on elevated rates
No welcome bonus or travel insurance

Perks & insurance

Key perks

No annual fee with credit limit up to $20,000
Choose one of three cashback plans at signup
Instant cashback at 10,000+ Neo partner merchants
Free additional cardholder
Instant virtual card and full app-based card controls
Secured credit option available to help build credit

Insurance

Purchase protection (theft or damage)
Extended warranty
Mastercard Zero Liability

Rates & fees

Annual fee: None
Purchase interest: 19.99%
Cash advance: 22.99%
Foreign transactions: 2.5%
Min. personal income: $50,000

Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team

Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Neo Financial can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Neo Financial's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Neo Financial's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with Neo Financial. Trademarks belong to their respective owners.

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

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Cite this page

“Neo World Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/neo-world-mastercard, updated June 7, 2026.