Neo Card™

Earn more rewards on your everyday purchases with a credit card that's built around you

Updated: Jul 4, 2024

Advertiser Disclosure

The Neo Card™ (Credit) is a powerful credit card that offers a range of features and benefits designed to help people take control of their finances and earn rewards on their spending. The card is offered by Neo Financial, a Canadian fintech company that is committed to making banking simple, affordable, and accessible to all. With its competitive cashback rewards program and user-friendly mobile app, the Neo Credit Card is a popular choice among Canadians looking to earn more value for their money while staying in control of their spending.

ANNUAL FEE

$0

ONGOING APR

19.99% to 26.99% Variable

INTRO APR

N/A

49 User Ratings

Neo Card™

at Neo Financial's Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Recommended Credit

Good

Key Features

  • Available Canada wide (including Quebec)
  • No fees rewards credit card: one of the most rewarding credit cards in Canada
  • Cash out 24/7 - There are no minimum thresholds. Cashback rewards balance can be found in the app and can be cashed out in one tap.
  • Customers can get rewarded on everyday purchases with cashback or points.
  • Browse rewards in the app before applying. Customers can download the app to see offers nearby
  • In addition to the physical card, users can add the card to Apple Pay or Google Pay™ to make contactless payments with a smartphone
  • Issued by ATB Financial pursuant to license by Mastercard International Inc.

Our Take

The Neo Card™ (Credit) is a powerful credit card that offers a range of features and benefits designed to help people take control of their finances and earn rewards on their spending. The card is offered by Neo Financial, a Canadian fintech company that is committed to making banking simple, affordable, and accessible to all. With its competitive cashback rewards program and user-friendly mobile app, the Neo Credit Card is a popular choice among Canadians looking to earn more value for their money while staying in control of their spending.

Rewards Program

The Neo Card (Credit) offers a robust cashback rewards program that allows cardholders to earn cashback on their purchases. Here are some key details about the rewards program:

  • Get up to 15% cashback on your first-time purchase when you use your Neo Card.
  • Enjoy an average 5% cashback at thousands of partners, including gas stations, grocery stores, and restaurants.
  • The cashback is yours to spend however you like, and you can save up to $120 per year by using your Neo Card for everyday purchases.
  • You can also earn cashback at over 10,000 loyalty partners with your Neo Card, making it easy to earn rewards on your regular spending.

Upgrading your Neo Credit Card

As a Neo Cardholder, you have the option to upgrade to a Neo Travel Card or a Neo Everyday Essential Card by adding flexible monthly perks. This allows you to tailor your card to your specific needs and preferences, while continuing to enjoy the benefits of your Neo Card. Plus, with the ability to stack up additional perks, you can continue to customize your card and make it work for you. Whether you’re looking for cashback rewards, travel perks, or everyday essentials, the Neo Card is a versatile and reliable credit card that can help you achieve your financial goals.

Key Features

In addition to its rewards program, the Neo Card (Credit) offers a range of features designed to make banking simple and convenient. Here are some of the key features of the card:

  • Instant, unlimited cashback on all purchases, with no limits on how much you can earn.
  • No annual fees, which makes it an affordable option for people who are looking to save money on banking fees.
  • Trusted by 1 million Canadians, the Neo credit Card is a popular choice for people who are looking for a reliable and innovative credit card.
  • You can earn a $25 cashback bonus when you open a new account with the Neo Card.
  • Real-time spend insights, which allow you to track your spending and manage your finances with ease.

Extra perks, such as instant access to your credit limit, security features that put you in control of your account, customizable rewards options, and automatic payments.

Neo Card Benefits

The Neo Card (Credit) offers several benefits that make it an attractive option for people who are looking for a credit card that offers value and convenience. Here are some of the key benefits of the card:

  • Cashback rewards that are easy to earn and use, with no limits on how much you can earn.
  • A range of features that make banking simple and convenient, such as real-time spend insights, automatic payments, and instant access to your credit limit.
  • Customizable rewards options that allow you to earn cashback on the purchases that matter most to you.
  • No annual fees, which makes it an affordable option for people who are looking to save money on banking fees.
  • A trusted and reliable credit card that is used by over 1 million Canadians.

Drawbacks

While the Neo Credit Card offers a range of benefits and features, there are some drawbacks to consider. Here are some of the key drawbacks:

  • Higher interest rates than some other credit cards, which means that the card may not be the best option for people who carry a balance on their credit card.
  • No rewards on balance transfers, which means that the card may not be the best option for people who are looking to transfer a balance from another credit card.

Who Is It For?

The Neo Card (Credit) is aimed at people who are looking for a credit card that offers cashback rewards, customizable features, and a range of benefits and perks. The card is a good option for people who are looking for a credit card that is simple and easy to use, without complicated rewards programs or fees. It is also a good option for people who are looking for a trusted and reliable credit card that is used by over 1 million Canadians. However, the card may not be the best option for people who carry a balance on their credit card or who are looking to transfer a balance from another credit card.

Difference Between Neo Card (Credit) and Neo Card (Secured)

Both credit cards are designed to help people build or improve their credit history. However, the main difference between the two is that the Neo Secured Card requires a security deposit to open the account, while the Neo card with rewards does not. This means that the Neo Secured is a good option for people who are new to credit or have a poor credit history, while the Neo credit card is a good option for people who have a good credit history and are looking for a credit card that offers rewards and other benefits. Additionally, the Neo Card (Credit) may offer a higher credit limit than the Neo Card (Secured), depending on the individual’s credit history and financial situation.

How Neo Card Compares to Other Offers

Tangerine World Mastercard vs Neo Card

Both popular credit card are options that offer attractive rewards and cashback offers. While Tangerine World Mastercard provides cashback in up to three categories of the cardholder’s choice, the Neo Credit Card offers up to 15% cashback on first-time purchases, an average of 5% cashback on thousands of partners, and cashback rewards that can be spent however the cardholder likes. Additionally, Tangerine has a $15,000 annual spending cap on the chosen categories, whereas the Neo Card does not have any such limit.

The Allure Mastercard vs Neo Card

Both cards offer unique benefits and perks, but the Neo Card focus on personalized rewards and flexible cashback options make it a standout choice for those seeking a truly tailored credit card experience. Overall, both the Allure Mastercard and Neo Credit Card offer competitive rewards and benefits. However, the Neo Card’s flexibility in allowing cardholders to stack additional perks and earn cashback at thousands of partners sets it apart from the Allure Mastercard. Ultimately, the choice between these cards depends on the individual’s spending habits and lifestyle needs.

Simplii Financial Cash Back Visa vs Neo Card

These are both excellent options for earning cash back on your purchases. While Simplii Financial offers a straightforward cash back system, Neo Credit Card offers more flexibility with customizable perks. Additionally, the Neo Card with rewards offers up to 15% cash back on first-time purchases, while Simplii Financial offers 4% cash back on recurring bills. However, Simplii Financial does not charge an annual fee, while Neo Card charges an annual fee of $99. Overall, both cards offer unique benefits and it depends on your spending habits and priorities.

KOHO Joint Prepaid Mastercard and Neo Card

Both prepaid options, but with some differences. While KOHO Joint Prepaid Mastercard is focused on budgeting, allowing up to two people to share and save money together, Neo Card (Credit) is all about earning cashback on purchases. The Reward Neo Credit Card offers a higher cashback rate on some categories, while KOHO Joint Prepaid offers cashback on all purchases, making it a more versatile option. However, the Neo Card has a broader range of partner merchants, allowing users to earn cashback at more places.

Bottom Line

The Neo Card is a popular credit card that offers a range of features and benefits designed to help people earn cashback rewards and manage their finances with ease. With its customizable rewards program, no annual fees, and user-friendly mobile app, the Neo Credit Card is a great option for people who are looking for a credit card that is simple and convenient to use. However, the card may not be the best option for people who carry a balance on their credit card or who are looking to transfer a balance from another credit card. Overall, the Card is a reliable and trusted credit card that is used by over 1 million Canadians and is a good option for people who are looking for a credit card that offers value and convenience.

Frequently Asked Questions

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Basic Information
Issuer: ATB Financial
Network: Mastercard
Category: Consumer (Regular)
Best Used For:
  • Instant Decision
  • Every Day Purchases
  • Sign-Up Bonus
  • Build Credit
  • Virtual Card
Rewards: Yes
Reward Types:
  • CashBack Rewards
  • Universal Rewards
  • Other Rewards
Reward Units: Cash
Rates & Fees
Regular APR: 19.99% to 26.99%
Regular APR Type: Variable
Annual Fee: $0
Balance Transfer: No
APR on Cash Advances: 22.99%
Grace Period: 21 days
Other Fees:
  • FX Fee: 2.5%
  • For ROC
  • Purchase: 19.99%-26.99%
  • Cash Advance: 22.99%-28.99%
  • For QC
  • Purchase: 19.99%-24.99%
  • Cash Advance: 22.99%-25.99%

Neo Card™ Alternatives


Neo Card™

Neo Card™

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Annual Fee

$0

Regular APR

26.99%

Intro APR

N/A

Rec. Credit Score

Good

IMPORTANT
*The information provided for Neo Card™ is believed to be accurate at the time of evaluation or recent update on July 4, 2024. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Neo Card™

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Neo Card™

Rec. Credit Score: Good

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