Thanks for the suggestion @futandrew! Below is a comparison of the Neo World Elite and the Scotia Momentum® Visa Infinite* Card. Which one gives you the most cashback? Let’s find out!
Let’s break it down by the basics:
| Category | Neo World Elite® Mastercard | Scotia Momentum® Visa Infinite* Card |
|---|---|---|
| Grocery | 5% | 4% |
| Gas/EV | 3% | 2% |
| Recurring Bills | 4% | 4% |
| Transit | 1% | 2% |
| Other | 1% | 1% |
| Fee (annualized) | $125 | $120 |
| Income requirements | $80,000 for individuals, or $150,000 for households | $60,000 for individuals, or $100,000 for households |
| Spend cap | Calculated monthly: $1,000 groceries, $1,000 gas, $500 recurring payments | Calculated annually: $25,000 groceries and gas, $25,000 recurring payments and transit |
Now let’s break it down using an average monthly spend amount, and we can see how much cashback each card gives:
| Category | Avg Monthly Spend | Neo World Elite® Mastercard | Scotia Momentum® Visa Infinite* Card |
|---|---|---|---|
| Grocery | $600.00 | $30.00 | $24.00 |
| Gas/EV | $236.00 | $7.08 | $4.72 |
| Recurring bills | $176.00 | $7.04 | $7.04 |
| Transit | $110.00 | $1.10 | $2.20 |
| Other | $1052.00 | $10.52 | $10.52 |
| Total per month | $2218.00 | $57.06 | $48.48 |
| Avg Partner Network Cashback/month | $13.52 | ||
| TOTAL Cashback per year | $831.12 | $581.76 | |
| Fee | $125 | $120 | |
| Cashback minus fee | $706.12 | $461.76 |
Here’s where Neo really raises the bar! You can earn even more cashback at places you already shop. With over 10,000 partner stores, you get extra cashback on top of what you’re already earning with your Neo World Elite Mastercard. On average, Neo users are getting an extra $13.52 in cashback each month! That’s extra cashback on gas, local grocery stores, restaurants, and more—putting more money right in your pocket! It’s something Scotiabank just can’t compete with.
Here are some examples 
| Neo Partner Stores | First Purchase | Afterwards | Example Spend | Cashback you get |
|---|---|---|---|---|
| Roots Canada | 3% Cashback (up to $5 back) | 3% Cashback (every 2 purchases) | $47.68 | $1.43 |
| Boston Pizza | 5% Cashback (up to $20 back) | 4% Cashback (every 4 purchases) | $31.78 | $1.59 |
| JD Sports | 6% Cashback (up to $30 back) | 5% Cashback (every $300 spent) | $150.00 | $9.00 |
In the above table are only a few examples that most of you will recognize…but keep in mind we have thousands of partner stores!!
Who should pick Neo?
If you want the highest cashback on groceries, and gas/EV charging Neo wins!
The spend caps for groceries and recurring payments on the Neo World Elite are separate, meaning you can earn more cashback since they don’t count toward the same limit!
With 10,000+ partner stores, Neo gives you even more cashback.
Hope this was helpful, everyone! I’d love to hear your thoughts, and feel free to let me know which card comparison you’d like to see next!