Neo Credit Card Partner list

The Most Comprehensive Neo Credit Card Partners List

abid headshot photo

Abid Salahi

Author

3 min read


List was last updated Feb 2024


Neo credit cards have a cashback structure unlike any other credit card in Canada. The cashback you get is not only dependent on your purchase category (e.g., Food, Gas, etc.) but also based on whether Neo is a partner of that merchant.


Different partners can give you different percentages of cashback. More importantly, the cashback for each partner might have some extra conditions to release the cashback earned. For example, a Neo partner might require a minimum of $50 in order to qualify your purchase for the cashback bonus.


At the end of the blog, we will go into more detail about how we got the partner list and what happens if you buy from a merchant that is not a Neo Partner.


Neo Partners List - A Comprehensive List


The Neo credit card works in two different ways, depending on the store. In some stores, it's like a savings game. Here’s how it works: Imagine you get a small bonus, like 5% of your purchase price, each time you buy something. But you don't get this bonus right away. You must buy things a few times, like 2 or 3 times, from the same store. After you've done that, you get all your bonuses added up and given to you at once.


In other stores, it's much simpler. Every time you buy something, you immediately get a small bonus, like 5% of what you spent. No need to wait or buy more things to get it.


Top Fast Food Chains Partnered with Neo in Canada



Neo World Elite® Mastercard®

4.6

Finly Rating

Welcome Bonus

N/A

First Year Value

$592.21

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$125

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers.

Pros

  • Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
  • 12 different types of insurance coverage
  • Airport lounge access with DragonPass with $32 USD per visit
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • High income requirements of $80,000 personal or $150,000 household
  • Cash back spend caps can limit your rewards
  • Having to keep at least $5k in an everyday account to boost your cash back tier

Rewards

  • 5% cash back on grocery purchases up to $12,000 spending per year (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 4% cash back on recurring purchases up to $6,000 spending per year (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 3% cash back on gas purchases up to $12,000 spending per year (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 1% cash back on all other purchases up to $40,000 spending per year
  • 5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    Up to $1,000,000
  • cancel airplane

    Trip Cancellation

    $1,000
  • pause

    Trip Interruption

    $1,000
  • hourglass timer

    Flight Delay

    $500
  • hourglass timer

    Baggage Delay

    $1,000
  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • burglar

    Hotel Burglary Insurance

    $1,000
  • car accident

    Car Rental Accident

    $100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
  • car insurance

    Car Rental Damage & Theft

    Yes
  • luggage insurance

    Car Rental Personal Effects

    $1,000
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only - pay $32 USD per visit

Eligibility

  • Credit Score

    Good
  • Annual Income

    $80,000 personal or $150,000 household

Top Restaurant Chains Partnered with Neo in Canada



Neo World Mastercard®

3.5

Finly Rating

Welcome Bonus

N/A

First Year Value

$402.43

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

This card offers balanced rewards for everyday purchases and with the cash back boost of up to 4% on groceries, it can easily beat most other no fee cash back credit cards as long as you're willing to keep 10k in a Neo everyday account. There's a secured version of this card too which would be beneficial for those wanting to build credit and earn a very high cash back at the same time at only $5/month.

Pros

  • High cash back rate of 4% on grocery spending but only if you keep at least 10k in a Neo every day account
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • Basic insurance coverage
  • Cash back spend caps can limit your rewards

Rewards

  • 2% cash back on grocery purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on recurring purchases up to $6,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on gas purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 0.5% cash back on all other purchases up to $30,000 spending per year
  • 5% average cash back at
  • Edit
  • Edit
  • Remove
  • Remove
  • Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Eligibility

  • Credit Score

    Good
  • Annual Income

    N/A

Top Clothing Stores Partnered with Neo in Canada



Neo Mastercard®

2.7

Finly Rating

Welcome Bonus

N/A

First Year Value

$243.73

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 29.99% (for Quebec 19.99% - 24.99%) / 22.99% - 31.99% (for Quebec 22.99% - 25.99%)

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

The Neo Credit Card is special because it earns rewards based on whether the merchant is a partner or not. Most of the time, the cashback earned at these partners is the highest possible compared to all other credit cards. However, we don't recommend using this card as your main credit card and suggest using it only at partner merchants. This is because the rewards at non-partner merchants are very small, and most merchants are not partnered with Neo.

Pros

  • High cash back on grocery and gas if you're willing to hold at least $5k in a Neo everyday account
  • Unique cashback program which earns cashback based on partner instead of purchase category.
  • Massive cashback at some partners that any other credit card couldn't beat.
  • Unique benefit system where perks could be bought with a monthly fee and cancelled after use.

Cons

  • Base Cash back is very low when you do not hold any money in a Neo everyday account
  • No built-in purchase protection and extended warranty benefit.

Rewards

  • 1% cash back on grocery purchases up to $6,000 spending per year (1.5% cash back with $1k in a Neo everyday account, 2% cash back with $3k in a Neo everyday account, 3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to 0.5% cash back after hitting spend cap
  • 2% cash back on gas purchases up to $12,000 spending per year (1.5% cash back with $1k in a Neo everyday account, 2% cash back with $3k in a Neo everyday account, 3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to 0.5% cash back after hitting spend cap
  • 0% cash back on all other purchases with $0 in a Neo everyday account, however you get 0.5% cash back with $1-3k in a Neo everyday account, and 1% cash back with $5k+ in a Neo everyday account - drops to 0% cash back again after spending $20,000 in this "other" category
  • +5% earned on average at Neo Partners.

Note: our reward calculations use the assumption that you hold $1k in a Neo everyday account to earn 1.5% on grocery and gas, and 0.5% on everything else. Your true reward estimates may be lower or higher depending on the amount of money held in a Neo everyday account.

In addition, the extra cashback rate from transactions made at Neo partners has been estimated at 0.7% in the calculator.

Insurance

Coverage

  • credit card dollar

    Balance Protection

    optional add on

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Good
  • Annual Income

    N/A

Top Grocery Stores Partnered with Neo in Canada



Neo World Elite® Mastercard® Secured

4.4

Finly Rating

Welcome Bonus

N/A

First Year Value

$592.21

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$125

Interest Rates

19.99% - 26.99% (for Quebec 19.99%-23.99%) / 22.99% - 28.99% (for Quebec 22.99%-24.99%)

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

This secured card offers the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers.

Pros

  • Low to no credit score requirement, making approvals easy and helps to build your credit score over time
  • Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
  • 12 different types of insurance coverage
  • Airport lounge access with DragonPass with $32 USD per visit
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • High income requirements of $80,000 personal or $150,000 household
  • Cash back spend caps can limit your rewards
  • Having to keep at least $5k in an everyday account to boost your cash back tier

Rewards

  • 5% cash back on grocery purchases up to $12,000 spending per year (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 4% cash back on recurring purchases up to $6,000 spending per year (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 3% cash back on gas purchases up to $12,000 spending per year (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 1% cash back on all other purchases up to $40,000 spending per year
  • 5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    Up to $1,000,000
  • cancel airplane

    Trip Cancellation

    $1,000
  • pause

    Trip Interruption

    $1,000
  • hourglass timer

    Flight Delay

    $500
  • hourglass timer

    Baggage Delay

    $1,000
  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • burglar

    Hotel Burglary Insurance

    $1,000
  • car accident

    Car Rental Accident

    $100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
  • car insurance

    Car Rental Damage & Theft

    Yes
  • luggage insurance

    Car Rental Personal Effects

    $1,000
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only - pay $32 USD per visit

Eligibility

  • Credit Score

    Poor
  • Annual Income

    $80,000 personal or $150,000 household

Top Pharmacy Chains Partnered with Neo in Canada



Top Subscriptions Partnered with Neo in Canada



Neo World Mastercard® Secured

4.5

Finly Rating

Welcome Bonus

N/A

First Year Value

$342.43

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Most secured cards give you very low to no rewards for using your card as you build your score over time. This card however offers balanced rewards for everyday purchases and with the cash back boost of up to 4% on groceries, it can easily beat most other no fee cash back credit cards as long as you're willing to keep 10k in a Neo everyday account. This is a fantastic card to help build your score while you also get to earn a high cash back rate.

Pros

  • Higher approval rate with the low to no credit score requirement to help you build your credit score
  • High cash back rate of 4% on grocery spending but only if you keep at least 10k in a Neo every day account
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • Basic insurance coverage
  • Cash back spend caps can limit your rewards

Rewards

  • 2% cash back on grocery purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on recurring purchases up to $6,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on gas purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 0.5% cash back on all other purchases up to $30,000 spending per year
  • 5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Eligibility

  • Credit Score

    Poor
  • Annual Income

    N/A

Top Online stores Partnered with Neo in Canada



Neo Secured Mastercard®

4.5

Finly Rating

Welcome Bonus

N/A

First Year Value

$292.12

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$60

Interest Rates

19.99% - 29.99% (for Quebec 19.99% - 24.99%) / 22.99% - 31.99% (for Quebec 22.99% - 25.99%)

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

If you have a poor credit score and are looking to rebuild it with a secured card, then the Neo Financial Secured Credit Card is the best card to go for. This card offers so much more compared to other secured credit cards on the market, including no monthly fees, a low deposit amount needed to get started, and it is the only credit card that offers some rewards on your purchases!

Pros

Cons

Rewards

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Poor
  • Annual Income

    N/A

Top Gas Chains Partnered with Neo in Canada



What happens when you make a purchase at a Non-Neo Partner?


Not being a NEO partner does not mean you don't earn any cashback.


At first glance, nothing gets earned when someone uses their Neo Card with non-Neo partners, which is a false assumption.


If the place that you are purchasing from is a gas station or a grocery store and is a non-Neo partner, your cards also gives you cashback on those categories.


How we got the Comprehensive Neo Partner List


Unfortunately, Neo doesn't share the complete list of all their partners online, and you can only access the merchants on the app or website when you login case by case.


So what did we do?


We went through the list of top chains in Canada for different categories on the app and wrote the details of each merchant for you. We got a list of top merchants in each category, went through the app, and documented the merchants that had partnered with Neo.


So, any merchant that is not listed here either is not a partner or was not checked because they were not a top merchant.


Should you get the Neo card?


Now that you have seen the Neo Partner list, you might be thinking about whether you should get this card or not, considering there are some other factors you need to consider as well.


Neo World Elite® Mastercard®

4.6

Finly Rating

Welcome Bonus

N/A

First Year Value

$592.21

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$125

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

This card offers one of the highest cash back rates in Canada for gas (up to 4%), grocery (up to 7%) and recurring purchases (up to 5%) which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, for a typical person who's spending is generally below $12k per year in grocery, $6k per year in recurring bills and $12k per year in gas then you'll be doing pretty well, especially with the great insurance and benefit offers.

Pros

  • Highest cash back rates in Canada for highest spending categories like Grocery (up to 7%), especially if you keep at least $5k in a Neo everyday account
  • 12 different types of insurance coverage
  • Airport lounge access with DragonPass with $32 USD per visit
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • High income requirements of $80,000 personal or $150,000 household
  • Cash back spend caps can limit your rewards
  • Having to keep at least $5k in an everyday account to boost your cash back tier

Rewards

  • 5% cash back on grocery purchases up to $12,000 spending per year (6% cash back if you have $5k in a Neo everyday account, or 7% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 4% cash back on recurring purchases up to $6,000 spending per year (4.5% cash back if you have $5k in a Neo everyday account, or 5% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 3% cash back on gas purchases up to $12,000 spending per year (3.5% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 1% cash back on all other purchases up to $40,000 spending per year
  • 5% average cash back at Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • travel accident medical

    Emergency Out of province Medical

    Up to $1,000,000
  • cancel airplane

    Trip Cancellation

    $1,000
  • pause

    Trip Interruption

    $1,000
  • hourglass timer

    Flight Delay

    $500
  • hourglass timer

    Baggage Delay

    $1,000
  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • burglar

    Hotel Burglary Insurance

    $1,000
  • car accident

    Car Rental Accident

    $100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
  • car insurance

    Car Rental Damage & Theft

    Yes
  • luggage insurance

    Car Rental Personal Effects

    $1,000
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only - pay $32 USD per visit

Eligibility

  • Credit Score

    Good
  • Annual Income

    $80,000 personal or $150,000 household

Neo World Mastercard®

3.5

Finly Rating

Welcome Bonus

N/A

First Year Value

$402.43

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 26.99% (or 19.99% - 23.99% in Newfoundland and Quebec) / 22.99% - 28.99%

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

This card offers balanced rewards for everyday purchases and with the cash back boost of up to 4% on groceries, it can easily beat most other no fee cash back credit cards as long as you're willing to keep 10k in a Neo everyday account. There's a secured version of this card too which would be beneficial for those wanting to build credit and earn a very high cash back at the same time at only $5/month.

Pros

  • High cash back rate of 4% on grocery spending but only if you keep at least 10k in a Neo every day account
  • Additional cash back earning at over 10,000 Neo partners

Cons

  • Basic insurance coverage
  • Cash back spend caps can limit your rewards

Rewards

  • 2% cash back on grocery purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on recurring purchases up to $6,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 2% cash back on gas purchases up to $12,000 spending per year (3% cash back if you have $5k in a Neo everyday account, or 4% cash back with $10k in a Neo everyday account) - drops to 1% cash back after hitting spend cap
  • 0.5% cash back on all other purchases up to $30,000 spending per year
  • 5% average cash back at
  • Edit
  • Edit
  • Remove
  • Remove
  • Neo Partners

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

In addition, the extra cash back rate from transactions made at Neo partners has been estimated to boost your overall rate by 0.7% in the calculator.

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Eligibility

  • Credit Score

    Good
  • Annual Income

    N/A

Neo Mastercard®

2.7

Finly Rating

Welcome Bonus

N/A

First Year Value

$243.73

Based on $2,000/mo spending. Calculate your rewards.

Annual Fee

$0

Interest Rates

19.99% - 29.99% (for Quebec 19.99% - 24.99%) / 22.99% - 31.99% (for Quebec 22.99% - 25.99%)

RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

The Neo Credit Card is special because it earns rewards based on whether the merchant is a partner or not. Most of the time, the cashback earned at these partners is the highest possible compared to all other credit cards. However, we don't recommend using this card as your main credit card and suggest using it only at partner merchants. This is because the rewards at non-partner merchants are very small, and most merchants are not partnered with Neo.

Pros

  • High cash back on grocery and gas if you're willing to hold at least $5k in a Neo everyday account
  • Unique cashback program which earns cashback based on partner instead of purchase category.
  • Massive cashback at some partners that any other credit card couldn't beat.
  • Unique benefit system where perks could be bought with a monthly fee and cancelled after use.

Cons

  • Base Cash back is very low when you do not hold any money in a Neo everyday account
  • No built-in purchase protection and extended warranty benefit.

Rewards

  • 1% cash back on grocery purchases up to $6,000 spending per year (1.5% cash back with $1k in a Neo everyday account, 2% cash back with $3k in a Neo everyday account, 3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to 0.5% cash back after hitting spend cap
  • 2% cash back on gas purchases up to $12,000 spending per year (1.5% cash back with $1k in a Neo everyday account, 2% cash back with $3k in a Neo everyday account, 3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to 0.5% cash back after hitting spend cap
  • 0% cash back on all other purchases with $0 in a Neo everyday account, however you get 0.5% cash back with $1-3k in a Neo everyday account, and 1% cash back with $5k+ in a Neo everyday account - drops to 0% cash back again after spending $20,000 in this "other" category
  • +5% earned on average at Neo Partners.

Note: our reward calculations use the assumption that you hold $1k in a Neo everyday account to earn 1.5% on grocery and gas, and 0.5% on everything else. Your true reward estimates may be lower or higher depending on the amount of money held in a Neo everyday account.

In addition, the extra cashback rate from transactions made at Neo partners has been estimated at 0.7% in the calculator.

Insurance

Coverage

  • credit card dollar

    Balance Protection

    optional add on

Benefits

Details

  • red diamond

    Neo Premium ($4.99/month)

  • travel

    Neo Travel Benefits ($4.99/month)

  • food location

    Neo Food Cashback boost ($1.99/month)

  • care day

    Neo Mind and Body Perks ($9.99/month)

Eligibility

  • Credit Score

    Good
  • Annual Income

    N/A

Neo Partners List - Conclusion


Neo Credit cards don't have very high coverage on Restaurants and Fast Food chains, and their coverage is around 25% out of the top merchants that were checked. On clothing, subscription, and Gas purchases, on the other hand, they have a much higher coverage.


One important thing is that on some of the partners, the cashback rate is significant and can't be beat by using any other credit card so one of the best things to do is to use another card when the merchant is not a Neo partner and when the merchant is a Neo partner, you can check the cashback rate and if it makes sense use that card.


The Neo app is really great for checking for available cashback partners around you.


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