Neo World Elite Mastercard

The Neo World Elite Mastercard offers premium cashback rewards with elevated rates on groceries, gas, and recurring payments, ideal for high earners.

Last checked on September 22, 2026. We may earn a commission when you click through.

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✓ 5% cashback on groceries ✓ 4% on recurring payments ✓ 3% on gas purchases
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Neo World Elite Mastercard

Mastercard · cashback

Our Verdict

With a strong cashback structure, this card is a those who frequently spend on groceries and gas. However, the high annual fee and income requirements limit accessibility for average earners.

What it really costs

Annual fee CA$125
APR Range 19.99% – 29.99%
RewardsAdvertised cashback includes 5% on groceries, 4% on recurring payments, and 3% on gas, with partner cashback offers across Canada. 5%
Minimum credit score 800.0

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Who it's for

High-income Canadians with excellent credit scores who want to maximize cashback on everyday purchases.

Watch out

The requirement for a minimum income of $80,000 can exclude many potential applicants.

The good and the not so good

  • 5% cashback on groceries
  • 4% on recurring payments
  • 3% on gas purchases
  • No restrictions on cashback redemption
  • Includes premium insurances
  • $125 annual fee
  • Requires high minimum income (individual or household)
  • Credit score of 800+ needed
  • Higher APR ranging from 19.99% to 29.99%
  • Limited acceptance compared to Visa

In-Depth Review

This card shines with its **5% cashback** on groceries, which can significantly benefit families or those who shop frequently. The **4% on recurring payments** is another major highlight, ensuring rewards on regular expenses. However, the **$125 annual fee** and the requirement for an **800+ credit score** may deter many potential users. Customer service reviews are mixed; some users report satisfaction while others mention difficulties in reaching support. The app interface is user-friendly, making tracking rewards . Still, be cautious of the **29.99% maximum APR** if you plan to carry a balance. For those who meet the income and credit criteria, this card can provide excellent value. Yet, it’s not designed for everyone. If your earnings are lower or your credit isn't stellar, alternatives like the Tangerine Cashback Credit Card might offer better accessibility without such stringent requirements. According to Neo's site, understanding all terms before applying is crucial.

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