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Neo World Elite Mastercard: The Black Option from Neo Tech Offers Cashback of up to 5% on Groceries!

The Neo World Elite is a premium credit card from Neo, currently available on a waitlist, that offers cash rewards rather than points, including up to 5% of cashback on groceries!

Designed to redefine the premium card experience, the Neo World Elite provides streamlined account management for your Everyday account. Learn more about the application process.

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Neo operates as a fully digital financial services provider, aiming to disrupt the North American market with its online-first approach.

Currently, Neo offers three credit card options, with the World Elite as the high-tier “black” edition, now in pre-release.

This card provides up to 5% cashback on grocery purchases, while other categories use a variable rate based on spending averages, aligning rewards with individual usage patterns.

Shopping with Neo’s partners, including brands like Pandora, Shell, and Freshii, can yield up to 5% cashback.

You can also take 3% on gas, 4% on recurring, and up to 1% on all eligible purchases. In this way, you can take a great cashback every day.

Neo projects that typical card use can result in annual cashback rewards exceeding $1,000.

According to Neo, the credit limit can extend up to $30,000, with significant variations depending on the individual circumstances of each cardholder. For secured products, a minimum deposit of $200 is mandatory.

The Neo card does not offer a specific bonus reward, as its primary emphasis is on cashback.

The anticipated annual fee is $149, while interest rates on purchases range from 19.99% to 29.99%.

To qualify for the card, applicants must demonstrate an income of at least $80,000 per year.

As with all of its offerings, the application process for the card is conducted entirely online.

Cashback is provided instantly, allowing for flexible spending without redemption portals. You can even apply cashback to payments, earning additional rewards in the process.

The Neo World Elite also includes benefits such as extended warranty, purchase protection, and travel insurance.

With the World Elite Mastercard network, you’ll access a range of global benefits, including insurance and travel assistance within and outside of Canada.

The card’s flexibility allows for rewards tailored to your spending habits, maximizing the value based on personal priorities. Neo’s platform includes a cashback calculator, allowing you to estimate your earnings precisely.

According to Neo, users can expect substantial rewards, particularly with the added benefit of “cashback on cashback.”

To receive your Neo card and start managing your Everyday account, join the waitlist for this secure, innovative solution.

Want to learn another option?

Neo offers a line of three credit cards, including the Secured Neo Mastercard, which requires a security deposit starting at $50. 

This card also provides a variable cashback offer, reaching up to 4% on groceries and gas. Find out how to apply.

Gabriel Gonçalves
Written by

Gabriel Gonçalves

Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.