See How to Apply for a Neo World Elite Mastercard

What do I need to know before applying?

The Neo World Elite Mastercard is an upcoming card that could offer up to $1,000 in annual cashback! 

Neo is a bank that operates digitally, positioning itself as the future of banking services and aiming to be much more than a traditional bank. 

Born in Canada, Neo functions as a fintech, offering a fully online customer experience. 

The brand provides a range of services, such as standard credit products, everyday accounts, investments, and account management. 

In recent years, it has also invested in credit card lines. Since this is a recent initiative, the bank is still working on its cards, including the new World Elite Mastercard. 

The card is currently in a waitlist phase, but you can already sign up. 

The card focuses on cashback rewards, offering 5% on gas and groceries. However, Neo handles cashback differently. 

In fact, cashback rates vary based on your spending composition throughout the day. By spending more than $10,000 per month, you could receive up to 2% on all other categories. 

The card’s maximum limit is $30,000, but you can also opt for secured versions starting with a minimum deposit of $200. 

The card will have an annual fee of $149, with purchase interest rates ranging from 19.99% to 26.99%.  The card lists the advantages of its cashback: 

• You receive it instantly; no need to wait for the end of the month. 
• You can spend the cashback on whatever you want. 
• The points don’t lose value, as they are actual money. 
• You earn cashback when paying with cashback. 

Interested? Keep reading. 

Who can Apply?

To qualify for a Neo card, as well as for Everyday accounts, you need to be a legal adult (18 or 19 years old, depending on the province) and a registered citizen in Canada. 

However, the main qualification for this benefit is income, and you must have a minimum annual income of $80,000 or household income of $150,000, both verifiable. 

During the process, you may be asked to provide proof of income and residence. 

It’s important to note that this is still a waitlist request. Nonetheless, all applications are subject to Neo’s availability. 

How do I Apply for the Neo World Elite Mastercard?

By visiting the Neo Financial website, you’ll find the “Join the Waitlist” button. 

You’ll be directed to a page where you’ll enter your first name, last name, and email, then click “Submit” to make your first registration with the bank. 

After submitting your information, you will receive updates directly via email. 

Throughout the process, as with other credit cards, you’ll need to provide all your information, including document numbers, phone number, full address, and income. 

The bank has yet to release additional details, such as dates and further steps to issue the card. As noted in the form, it is still in the waitlist phase. 

Later, the bank will send more information on how to proceed and obtain the card. For any questions, you’ll need to contact the bank’s customer service.

More Details

The Neo card partners with over 10,000 retailers, and you can enjoy up to 5% additional cashback when shopping at various stores, such as: 

Hudson’s Bay, PetValu, Harry Rosen, Structube, DavidsTea, Pandora, Mr. Lube, Public Mobile, Mucho Burrito, Shell, and Freshii 

According to Neo, you will have access to benefits from more than 10,000 partners, offering additional cashback rewards. 

The cashback calculator available on their website provides a good projection of how much you’ll earn with the card. 

Check out other benefits: 

• Extended warranty and purchase protection for items you buy that are stolen or damaged 
• Coverage for damages and theft of rental vehicles 
• Comprehensive travel insurance for the general public 
• Additionally, you will enjoy special World Elite Mastercard benefits worldwide.

Want to learn another option?

The MBNA Rewards is another World Elite card offering up to 30,000 bonus points, emergency services, and flexible rewards. 

Additionally, the card features concierge services, gift bonuses, and points that never expire. Learn how to apply. 

Written by

Gabriel Gonçalves