Neo Card Review
Get $25 cash back when you sign up for the Neo Credit Mastercard.
Apply Now lock
Recommended Credit Score:
0 669
Poor or No Credit
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
Neo Card
Apply Now
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:Neo Financial
Network Type:Mastercard
Neo Card
Welcome Bonus
Get $25 cash back when you sign up for the Neo Credit Mastercard.
Annual Fee
Neo Card
Card Details

Neo Card Review 2024

The Neo Card is a no-annual-fee credit card that unlocks exclusive offers and earns you instant cashback rewards at the places you love.

All the cashback, no annual fees¹

Unlimited cashback: With Neo, get unlimited cashback. Shop and collect cashback you can use immediately.

Everyday cashback

Earn rewards at thousands of local and national businesses, including most major gas and grocery stores, restaurants, gyms, coffee shops and more.

Stay on top of your money

Get proactive alerts and notifications in real-time.

Interest rates:

  • Purchases Interest Rate: 19.99% – 26.99%
  • Cash Advance Interest Rate: 22.99%-28.99%

Neo Card only requires a credit score of 600+ and the Neo Secured Card is guaranteed approval, regardless of your credit history


  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicle rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 26.99%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
0 669
Poor or No Credit
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Forget the fees

No monthly or annual or overlimit fees. You keep the extra cash and decide where it goes.

Neo Card security feature

A great security feature of the Neo Card is the ability to lock your card, put it on hold or replace it in case you have misplaced or lost it. Freeze, unfreeze or replace your card, turn off online transactions, and more right from the app.

Automatically earn and redeem rewards with Neo

When you pay with the Neo Card, you’ll earn rewards automatically without ever needing to manually redeem them.

Know your finances

Get a bird’s-eye view into your spending habits with Insights. See all your purchases in one place, track your average, and dive into the details by category.

Editor's Review
Neo Card


Neo Financial is a Canadian, technologically driven financial services company. They’ve recently partnered with Mastercard to offer their customers a cash back credit card.  Cardholders earn the highest cash back when they spend with Neo Financial partners. Learn more below.

Key Features and Benefits

  • Earn cash back rewards on everyday purchases
  • Special cash back offers with thousands of partners, including restaurants, gyms, grocery stores and more
  • No monthly or annual fees and standard interest rates
  • Complimentary, easy to use Neo Financial app
  • Able to connect with Apple Pay or Google Pay
  • Email and phone customer support available


  • Instant cashback
  • Up to 15% cashback on f purchases and 5% average cash back at 10,000+ partners
  • Mobile app available in the app store and Google Play
  • In addition to the physical card, users can add the card to Apple Pay or Google PayTM to make contactless payments with a smartphone
  • No monthly or annual fees
  • Neo Card only requires a credit score of 600+


  • Only earn cash back with participating partners
  • No basic insurance 


The Neo Card is ideal for individuals who live in urban areas. Neo Financial partners with thousands of restaurants, coffee shops, grocery stores and gas stations. If you don’t live close to the partner vendors, it’ll be challenging to take advantage of the cash back rewards. In addition, Neo Financial’s flexibility and no fees are beneficial for all users.

Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.


Compare Credit Cards
Compare credit cards side by side and choose the best option to maximize cash back, rewards, pay down debt, and save money on interest.
Help me Select a Credit Card
Find the credit card that is right for your needs and lifestyle by using our free credit card selector tool.