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Neo Money Card: Smart Card for Making Purchases Worldwide with up to 3% Cashback!

The Neo Money Account is the card to manage your Neo account while still enjoying benefits like up to 3% cashback on grocery purchases!

Neo is an ultramodern bank that offers easy management through digital channels without compromising security. See how to apply.

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Neo Financial is a company that promises to revolutionize the financial institution market in Canada, providing personalized service entirely online.

To achieve this, it offers account management and credit card services, with a partnership established with Mastercard to provide cards to the Canadian public. 

Neo Money is the Everyday card that provides integrated management between debit and checking accounts, with no monthly fees and 3% cashback at gas stations and on grocery purchases.

For all other purchases, cashback is unlimited at 1%, and you can have eligible secure deposits. 

The Neo card doesn’t operate on a credit basis but instead works like an intelligent debit system where you load the amount you want to integrate with your Neo account.

No, the Neo card doesn’t offer a sign-up bonus for new bank account holders. 

The card has no monthly or annual maintenance fees, no hefty charges for money transfers, and no interest, as it’s not a credit purchase.

There are no significant requirements to get the Neo Money card.

Yes, as a financial institution focused primarily on the internet, you can complete the entire application process directly online.

The bank offers real-time notifications about everything that happens with your account, automating day-to-day payments.

It’s worth noting that Neo Money is neither a credit nor debit card, but a prepaid card that allows for everyday use like any other.

With your Neo Account, you have a statement on your card that you can use worldwide, working anywhere Mastercard is accepted. 

Through Neo Money, you get free daily transactions and no minimum balance is required, making it a very attractive alternative for those who don’t want to miss out on rewards without having a credit card.

You can link another external account to your Neo Money, and it’s possible to transfer money to your Neo Everyday account in various ways, such as account interactions and using Interac e-Transfer. 

The process is secure, and the Neo Money Mastercard is a unique card for having a different experience worldwide with your card without compromising security. 

Want to learn another option?

If you’re looking for another credit card option to start your financial journey, check out the BMO Cashback Mastercard for Students, offering up to 5% cashback in the first three months.

The BMO card is very strong in the Canadian market, with a permanent 3% cashback on groceries and 0.5% cashback on all eligible purchases—see how to apply.

Gabriel Gonçalves
Written by

Gabriel Gonçalves