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Neo World Mastercard review

3.8Rated 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

Similar cards to consider

CIBC Dividend Visa Infinite Card
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CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.
Annual fee
$120/yr
Welcome bonus
~$350
Top reward
4% groceries
  • 4% on gas and groceries is among the highest in Canada
  • Strong 2% middle tier covers dining, transit and bills
Apply nowView details