This past summer, we launched our World Elite card to a select group of users—our pioneers. It was our first Neo card release in a while, and we wanted to hear directly from you about the value and experience before expanding it to everyone. This was our first premium card under the Neo brand, standing out from our previous standard and secured options, and we were committed to getting it just right.
Over the past few months, we’ve been listening closely to our World Elite cardholders to learn how we can make this card even better and ensure it’s the most rewarding one in Canada. Thanks to your feedback, we’ve made some exciting updates: higher cashback rates, increased limits, more categories for savings, and a lower card fee. This card is built around what matters to you!
What’s changing? Effective November 1.
- Your cashback entry earn rates are improving
- We’re adding a new cashback category - recurring payments, to help Canadians on those routine payments that start to add up, like streaming services, phone bills, gym memberships, and more!
- Lower card fee
- Increased caps on gas and grocery
- Continue to get more with Boosted Cashback from your Everyday account balance
| Category | From (pre Nov 1) | To (post Nov 1) | With Boost (post Nov 1) |
|---|---|---|---|
| Grocery - Cashback on food essentials for your household | 2% | 5% | up to 7% |
| Gas - Cashback that takes the sting out of the prices at the pump | 2% | 3% | up to 4% |
| Recurring - Cashback on subscriptions and payments you already make | 1% | 4% | up to 5% |
| Everything else - Cashback on virtually every other kind of purchase | 1% | 1% | 1% |
| Cashback Network Avg. - Cashback average at over 10,000 Neo partner locations | 5% | 5% | 5% |
| Annual Fee | $149 | $125 | $125 |
| Caps | $500 for both Gas & Groceries | $1,000 for both Gas and Groceries $500 Recurring | $1,000 for both Gas and Groceries $500 Recurring |
| Income Requirement | $80,000 individual / $150,000 household |
Who’s eligible
For those of you who haven’t applied for a Neo card in the last 12 months this will be available November 1st.
If you have applied for a Neo card within the last 12 months, and you’re keen to get our Neo World Elite, stay tuned.
Terms and conditions apply. Features and benefits mentioned are subject to change before the official launch, and may be modified in the future.