Neo World Elite Mastercard
C$149 annual fee · 1% on everything else · 3.0% foreign transaction fee
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Groceries | 5% | uncapped |
| Recurring | 4% | uncapped |
| Gas | 3% | uncapped |
| EV charging | 3% | uncapped |
| Everything else | 1% | uncapped |
See more Canada credit cards →
What we have watched change
Differences between one check of the issuer's page and the next — not a reconstruction of the card's history. We only know what we were watching when it moved.
- Welcome offer Neo World Elite Mastercard welcome bonus removed — Neo's page no longer advertises one (it was $100 after $1,500 in 3 months). 2026-09-14
Non-cash perks
- Extra cash back at 10,000+ Neo partner merchants
- Choose one of three reward profiles
Does the fee earn out? · how we got this
The C$149 fee minus C$0 in printed credits leaves C$149/yr to earn back through rewards — roughly C$2,980 of groceries spending at 5%. Whether that clears depends on your actual spending.
Who this card is not for
Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. One thing on this card rules out a kind of spender:
- Anyone who spends abroad. Every purchase in a foreign currency carries a 3.0% foreign transaction fee. On a card earning 1.0¢ per dollar at the base rate, that fee costs more than the rewards on the same purchase.
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-15 against issuer terms · sources: www.neofinancial.com · support.neofinancial.com. Spot an error? Tell us.