Neo Cathay World Elite® Mastercard® Secured
3.6/5
Up to 30,000 Asia Miles and 10% off flights (limited time)
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
Card Details
Based on $2,000 spending
First Year Value
$792.65
$252.65 in years after
Annual Rewards
$432.65
Asia Miles
First Year Bonus
$540
Asia Miles
Annual Fee
$180
First Year Value
$792.65
$252.65 in years after
Interest Rates
Cash Advance: 22.99% - 28.99%
Purchase: 19.99% - 26.99%
Annual Fee
$180
Annual Income
Personal: $80,000
Household: $150,000
Credit Score
Poor
Welcome Bonus
15,000 Miles after approval. 15,000 after spending $3,000 in 3 months
Card Type
Category: Secured Credit
Loyalty Program: Asia Miles
Our Rating
3.6/5
Institution
Neo Financial
Rewards
- Average of 5x Asia miles at Neo Partners
- 2x Asia miles on Cathay Pacific and foreign purchases
- 1x Asia miles at non-Neo Partners
- Considering all the reward conditions, the average estimated cash back on all purchases comes to 1.0 cent per asia miles point by FinlyWealth
Neo Cathay World Elite® Mastercard® Secured Points Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Cathay Pacific and Foreign purchases
72 points
All other purchases
23,964 points
Annual Fee
- $180
Net Annual Rewards
24,036 points
Valued at $252.65 (after fees)
Rewards Summary
Net Annual Rewards
24,036 points
Valued at $252.65 (after fees)
First Year Card Bonus
30,000 points
Valued at $540
First Year Card Value
54,036 points
Valued at $792.65
Point Redemptions
Redemptions Chart
Travel with Asian Airlines
$792.65
Travel with other Airline partners
$630.54
Hotels
$360.36
Insurance & Benefits
Insurance
Coverage
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Car Rental Personal Effects
$1,000/person, $2,000 combined
Car Rental Accident
$100K for Cardholder, $10K spouse and child.svg)
Car Rental Damage & Theft
48 days
Baggage Delay
$1,000 after 4 hours
Lost or Stolen Baggage
$1,000
Emergency Out of province Medical
14 daysFlight Delay
$250/day, $500 Maximum
Hotel Burglary Insurance
$1,000
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!
Priority Travel
Online priority check-in and extra baggage redemption for Cathay Pacific, and Cathay Pacific Business class lounge redemption accessPriority Travel
Airport Security Fast Track with and professional and punctual airport with Mastercard benefits
Boingo Wi-Fi hotspot
Pros & Cons
Pros
- Guaranteed Approval: The card is the same as regular but you’ll get guaranteed approval with a security deposit of at least $200 to open an account. No credit history required.
- Generous Bonus: Earn up to 30,000 bonus Asia Miles.
- High Earn Rates: Get an average of 5 miles, and up to 15 miles per $1 spent at Neo retail partners.
- Cathay Pacific Perks: Enjoy several exclusive benefits with Cathay Pacific.
- Comprehensive Insurance: Comes with 12 types of insurance coverage.
- Airport Lounge Access: Gain entry to airport lounges with a Mastercard Travel Pass membership.
Cons
- High Income Requirement: Requires a minimum personal income of $80,000 or $150,000 household income.
- Annual Fee: The card comes with a high annual fee of $180.
- Limited Redemption: Asia Miles cannot be redeemed for flights within Canada.