Canada · personal card · Neo Financial
Neo Mastercard review
Entry Neo card (traditional or secured credit limit, approval with any credit history) earning cashback at Neo partners and on gas and groceries, with credit-building tools via the optional Build membership.
Key facts
- Issuer
- Neo Financial
- Network
- Mastercard
- Annual fee
- $0 (No annual fee; secured option requires refundable security funds (from $50) and optional Build membership $9.99/month)
- Purchase rate
- 19.99%-29.99% (Quebec 19.99%-24.99%)
- Cash advance rate
- 22.99%-31.99% (Quebec 22.99%-25.99%)
- Foreign transaction fee
- 3%
- Minimum personal income
- Not stated
- Minimum household income
- Not stated
- Available in Quebec
- Yes
Perks
Instant virtual card; cashback offers at Neo partners; free additional cardholder; Auto-Pay; purchase protection; optional balance protection
How we put this page together
Every figure here was read on Neo Financial’s own page on October 7, 2026; fields the page did not state are shown as “not stated” rather than estimated. The net value estimate uses the method on our Canada methodology. Card rules and your rights as a cardholder: FCAC. Note: Base earn rates not stated in a table; cashback on gas/groceries subject to $500 monthly category limit then 0% (footnote). Offered as traditional or secured depending on credit. Insurance specifics not listed. FX fee read on issuer document: https://support.neofinancial.com/en/articles/14009843-fees-on-your-credit-card FX 3% verified 2026-10-08: Neo Disclosure Statement and Fee Schedule (Sept 1 2026) https://static.production.neofinancial.com/marketing-web/legal/en-CA/neo-financial-mastercard-disclosure-statement-and-fee-schedule-except-quebec-septembe-1-2026.pdf
Frequently asked questions
What is the annual fee on the Neo Mastercard?
$0 (No annual fee; secured option requires refundable security funds (from $50) and optional Build membership $9.99/month), as read on Neo Financial’s website on October 7, 2026.
Is there a foreign transaction fee on the Neo Mastercard?
The issuer states a 3% foreign currency conversion fee.
What income do I need for the Neo Mastercard?
The issuer’s page did not state a minimum income when we read it.
More Neo Financial cards
Earns Asia Miles: 4 per $1 on Cathay Pacific flights, 2 on foreign-currency purchases, 1 on everything else in Canada, with Cathay lounge redemption access and travel insurance.
Earn: base 1 pts · travel 4 pts · everyday 1 pts
- Annual fee
- $180 ($180 annual fee per credit-cards index (Cathay page also says no monthly fees))
- Est. net value / yr
- $310
- Welcome offer
- Up to 35,000 Asia Miles: 15,000 on activation and first purchase, plus 20,000 after $5,000 spend within 3 months
- Purchase rate
- 19.99%-26.99%
- Foreign transaction fee
- 3%
Earns MileagePlus miles: 1.25 per $1 on United and Star Alliance flights, 1 on dining and groceries, 0.75 on everything else, with a free first checked bag and priority boarding on United.
Earn: base 0.75 pts · groceries 1 pts · dining 1 pts · travel 1.25 pts · everyday 0.75 pts
- Annual fee
- $89 ($89 annual fee)
- Est. net value / yr
- $239
- Welcome offer
- Up to 25,000 MileagePlus miles: 5,000 on first purchase, 15,000 after $3,000 spend in 3 months, plus 5,000 annual renewal bonus
- Purchase rate
- 19.99% - 29.99%
- Foreign transaction fee
- 3%
Premium cashback card earning a flat 2% on all purchases up to $4,000 a month, then 1%.
Earn: base 2% · everyday 2%
- Annual fee
- $149 ($149 annual fee)
- Est. net value / yr
- $451
- Purchase rate
- 19.99%-29.99% (Quebec 19.99%-25.24%)
- Foreign transaction fee
- 3%
Premium cashback card earning 5% on groceries, 4% on recurring bill payments, 3% on gas and EV charging and 1% on everything else.
Earn: base 1% · groceries 5% · gas 3% · everyday 1%
- Annual fee
- $149 ($149 annual fee)
- Est. net value / yr
- $535
- Purchase rate
- 19.99%-29.99% (Quebec 19.99%-25.24%)
- Foreign transaction fee
- 3%
Rates, fees and offers are shown as we read them on each issuer’s own website on the date shown, in Canadian dollars, and can change at any time. Confirm current terms with the issuer before applying. General information, not financial advice. Partner links, where they exist, never change the order. Affiliate disclosure. Card rules and consumer protections: Financial Consumer Agency of Canada.