Neo Mastercard
Skip for nowWhat the roles mean
- Building credit with no annual fee and no income minimum, if Neo approves you for the regular (unsecured) version
What it earns in a year
$0 back a year
No annual fee to take off.
Based on $30,000 a year of spending ($9,600 groceries, $3,000 gas, $3,000 dining…). Welcome offer not included.
Try it with your own spending →
- Everything else: 0% back.
How to apply for the Neo Mastercard
Check first
- Not if you opened a Neo card recently: no secured Neo card in the last 3 months, or regular Neo card in the last 6 months
- Declined by Neo in the last 30 days: you can't apply again yet
- Check you qualify No minimum income listed. You need to live in Canada and be the age of majority in your province.
- Have this ready Your address and how long you've lived there, your employer and yearly income, and your monthly rent or mortgage. Your SIN is optional for a credit card; you can leave it blank.
- Expect a credit check Applying adds a hard inquiry to your credit report, which lowers your score a little for a few months. Space applications about 90 days apart.
- Apply on Neo's own site Apply online from the bank's product page. This isn't an affiliate link: we earn nothing if you apply.Apply on Neo's site →
How to use it
- Rewards: don't expect any. It earns only on Neo partner offers you start in the app ("up to 15%", varies)
- Which version you get: Neo decides at application. With thin credit you get the secured version, which costs $9.99 a month for the Build membership
- Spending: put one or two small bills on it and pay in full every month. Interest is 19.99%–29.99%
- Moving on: Neo says you can qualify for a higher limit in as little as 3 months. For rewards, move to a card that pays on groceries and gas
- Example: $800/month groceries + $250/month gas + $300/month bills = $0 a year back. The no-fee Neo World Mastercard pays $324 on the same spending
Key facts
- Annual fee
- $0
- Purchase interest
- 19.99%
- Foreign currency fee
- 3%
- Min. personal income
- None published
- Min. household income
- None published
- Rewards
- No rewardsSee every No rewards card
Annual fee waiver
- No annual fee
From neofinancial.com/credit-cards/neo-mastercard, checked October 17, 2026. Not an affiliate link.
More Neo cards
Pros
- No annual fee, and no fee for an additional card
- No minimum income and no minimum credit score
- Pre-approval without a hard credit check (the full application does one); limit up to $10,000
- Reports to Equifax and TransUnion
- A regular Mastercard, not a prepaid card
Cons
- No cash back on regular spending: only partner offers
- No insurance of any kind
- No welcome bonus
- 3% on foreign-currency purchases
- 19.99%–29.99% interest (19.99%–24.50% in Quebec)
- You may be given the secured version instead, which costs $119.88 a year in membership fees
- Neo's pages contradict each other on gas and grocery cash back; none states a rate
Insurance included
- None
Maximums as Neo lists them. Conditions apply; the insurance certificate decides claims.
Perks
- Free additional card
- Partner offers: cash back at Neo partner stores (varies)
- Instant virtual card, Apple Pay and Google Pay, freeze and PIN in the app, Auto-Pay
How the offer has changed
One row per check of Neo's page, newest first. Old rows are never edited.
| Checked | Welcome offer | Fee, year one | Ends |
|---|---|---|---|
| October 21, 2026 | None advertisedUnchanged. Partner-offer cash back only; traditional limit up to $10,000 or secured; 19.99%–29.99% | $0 (additional card $0) | n/a |
| October 17, 2026 | None advertisedFirst capture. Partner-offer cash back only; traditional limit up to $10,000 or secured | $0 (additional card $0) | n/a |
General information, not financial advice. Offers change; confirm on Neo's page before you apply.