Best Neo Financial Credit Cards for 2025
Neo Financial has a few different credit cards in its lineup, including a standard rewards card and a secured option for building credit. Most of Neo’s cards start with no annual fees, but they can be customized with added perks and benefits through premium plan options.
Compare the best Neo Financial credit cards
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
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What to know about Neo Financial’s credit cards
Neo Financial is a digital bank with a handful of products in its roster, including credit cards, mortgages, a hybrid high-interest bank account and an investment platform.
Neo Financial offers a variety of cards, including the Neo Mastercard, Neo World Mastercard, and Neo World Elite Mastercard, as well as secured and prepaid options for building credit. Most credit cards start with no annual fees on the base models, but premium plans and add-ons offer enhanced rewards and benefits.
Pros and cons of Neo credit cards
Pros
No annual fees on standard unsecured credit cards.
High cash-back potential, especially at Neo partner stores.
Customizable perks and premium plans.
Secured card option for building credit.
Cons
Income requirements for premium cards — for example, an annual personal income of $80,000 is required for the Neo World Elite Mastercard.
Limited rewards rates for cash-back on non-partner purchases.
Premium features are only available with additional costs.
Earning and redeeming cash-back with Neo
Neo cardholders earn cash-back rewards at partner retailers and can redeem them through:
Neo bank account. Transfer rewards to your Neo Money account to earn interest.
Neo credit card balance. Apply cash back to your statement balance.
Neo online store. Use cash-back rewards as credit for purchases through Neo’s online store.
Who should consider a Neo credit card?
A Neo credit card may be a suitable option for:
Anyone seeking a no-fee or low-fee credit card that earns cash-back rewards.
People building or rehabilitating their credit.
Those curious to try out premium perks, like higher cash-back rates and travel benefits, without committing to an annual fee.
How to apply for a Neo credit card
To qualify, you must be a Canadian resident and at least the age of majority for your province or territory. The Secured Neo Mastercard card also requires a security deposit.
Neo credit card alternatives
A Neo credit card won’t be suitable for everyone. Consider other credit cards if you:
Prefer to earn retailer or airline rewards points and want to explore rewards credit card options.
Frequently travel and may prefer a travel credit card with built-in insurance coverage.
Need a cash-back card with different rewards rates.
Compare features, fees, and rewards to find the best option for your spending habits.
Frequently asked questions
Can I withdraw money from a Neo credit card?
Can I withdraw money from a Neo credit card?
Yes, you can withdraw cash from an ATM using your Neo Mastercard or Secured Neo Mastercard card. Doing so is considered a cash advance and is subject to a $2.50 to $5 fee per transaction. Cash advances are also subject to interest rates of 22.99% – 31.99%, and there is no interest-free grace period on cash advances, as of this writing.
Is there a Neo debit card?
Is there a Neo debit card?
The Neo Money™ Card is a hybrid debit card that earns cash-back rewards and generates 0.1% interest on deposited funds.
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