Neo World Mastercard
Skip for nowWhat the roles mean
- Groceries, gas and bills: 2% cash back with no annual fee, up to a monthly cap in each (Gas & Grocery plan)
What it earns in a year
$393 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 →
- Groceries (First $1,000 a month, then 0.5%): 2% back.
- Gas / EV (First $1,000 a month, then 0.5%): 2% back.
- Bills & subscriptions (Phone, internet, utilities, insurance, streaming and gym. Not rent or tax): 2% back.
- Everything else: 0.5% back.
Highlighted = use this card here.
How to apply for the Neo World 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 Income: $50,000 personal or $80,000 household. 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
- Pick a plan: Gas & Grocery (default), Shop & Dine (2% dining and shopping) or Everywhere (1% on everything). Switch every 90 days in the app
- Groceries and gas: up to $1,000 a month each at 2%. One Neo help article says $500, so watch the in-app tracker
- Bills: phone, internet, utilities, subscriptions, insurance, gym, up to $500 a month
- Rent through Chexy: expect 0.5%, not 2% — bills are a fixed list of merchant codes since June 1, 2026
- Everything else and travel abroad: use another card. This one pays 0.5% and charges 3% on foreign currency
- Example: $800/month groceries + $250/month gas + $300/month bills = $324 a year back ($270 if the $500 cap applies). Capital One Quicksilver World pays $414 on the same spending
Key facts
- Annual fee
- $0
- Purchase interest
- 19.99%
- Foreign currency fee
- 3%
- Min. personal income
- $50,000
- Min. household income
- $80,000
- Rewards
- Cash back
Annual fee waiver
- No annual fee
From neofinancial.com/credit-cards/gas-and-grocery, checked October 17, 2026. Not an affiliate link.
More Neo cards
Pros
- No annual fee, and no fee for an additional card
- 2% on groceries, gas and EV charging, and recurring bills
- Switch plans every 90 days without a new card or credit check
- Higher rates if you keep money in a Neo Chequing or Neo Everyday account; Neo shows the boosted rates only in the app
- Cash back lands instantly; redeem from $1
- Purchase protection and extended warranty included
Cons
- 0.5% on everything outside your plan's categories
- Monthly caps; over a cap that category drops to 0.5%
- Neo's own pages disagree on the grocery and gas cap ($1,000 or $500 a month)
- 3% on foreign-currency purchases (Neo's Memberships page says 2.75%)
- No welcome bonus and no travel insurance
- Needs $50,000 personal or $80,000 household income
- If Neo gives you the secured version, you pay $9.99 a month ($119.88 a year) for the Build membership
Insurance included
- Purchases: 90 days of theft/damage cover, $1,000 per claim, $10,000 per account across all your Neo cards
- Extended warranty: doubles the maker's warranty, up to +1 year
Maximums as Neo lists them. Conditions apply; the insurance certificate decides claims.
Perks
- Free additional card
- Partner offers: extra cash back at Neo partner stores, up to 15% (varies)
- Mastercard offers: H&R Block, FlexiRoam, Fubo
- Instant virtual card, Apple Pay and Google Pay, freeze and PIN in the app
Other cards for groceries
Back a year on $9,600 of groceries, caps included. Points at best-case value. Before annual fees.
| Card | Earns on groceries | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| Amex Cobalt | 5× points≈ 10.0% in value | $960 | $192 | October 21, 2026 |
| Scotiabank Gold Amex | 6× points | $576 | $120 | November 2, 2026 |
| Neo World Elite Mastercard | 5% back | $480 | $149 | October 21, 2026 |
| National Bank World Elite Mastercard | 5× points | $480 | $150 | October 21, 2026 |
| Desjardins Cash Back World Elite Mastercard | 4% back | $384 | $100 | October 23, 2026 |
| SimplyCash Preferred | 4% back | $384 | $120 | October 21, 2026 |
| Neo World Mastercard | 2% back | $192 | $0 | October 21, 2026 |
Other cards for gas / ev
Back a year on $3,000 of gas / ev, caps included. Points at best-case value. Before annual fees.
| Card | Earns on gas / ev | Back a year | Annual fee | Terms checked |
|---|---|---|---|---|
| SimplyCash Preferred | 4% back | $120 | $120 | October 21, 2026 |
| Amex Cobalt | 2× points≈ 4.0% in value | $120 | $192 | October 21, 2026 |
| Amex Gold Rewards | 2× points≈ 4.0% in value | $120 | $250 | October 21, 2026 |
| CIBC Aventura Visa Infinite Privilege | 2× points≈ 4.0% in value | $120 | $499 | October 21, 2026 |
| CIBC Dividend Visa Infinite | 4% back≈ 3.9% in value | $118 | $120 | October 21, 2026 |
| BMO eclipse Visa Infinite | 5× points≈ 3.4% in value | $101 | $120 | October 21, 2026 |
| Neo World Mastercard | 2% back | $60 | $0 | October 21, 2026 |
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. Gas & Grocery 2/2/2/0.5 (default), Shop & Dine 2/2/0.5, Everywhere 1%; $50k/$80k income | $0 (additional card $0) | n/a |
| October 17, 2026 | None advertisedFirst capture. Three versions: Gas & Grocery 2/2/2/0.5 (default), Shop & Dine 2/2/0.5, Everywhere 1% | $0 (additional card $0) | n/a |
General information, not financial advice. Offers change; confirm on Neo's page before you apply.