This time, we are stacking the Neo World Mastercard against the Tangerine World Mastercard. Let’s see why the Neo partner network is supercharging cashback!
To begin, Tangerine World cardholders earn different cashback rates depending on whether they deposit their cashback into the credit card or their savings account. See below for more details.
Let’s break it down by scenarios:
Scenario 1: Information on cashback without Tangerine savings account where you can earn 2% cashback on up to two categories of your choice. We have chosen Groceries, and Gas as the choice categories.
Scenario 2: Information on cashback with Tangerine savings account if you redeem your cashback into a Tangerine Savings Account, you can unlock a third category to earn 2% on as well. We have chosen the additional category as Recurring Bill here.
| Category | Neo World Mastercard | Scenario 1 - Without the Tangerine Savings Account | Scenario 2 - With the Tangerine Savings Account |
|---|---|---|---|
| Grocery | 2% | 2% | 2% |
| Gas/EV | 2% | 2% | 2% |
| Recurring Bills | 2% | 0.5% | 2% |
| Transit/Transportation | 0.5% | 0.5% | 0.5% |
| Other | 0.5% | 0.5% | 0.5% |
| Fee (annualized) | $0 | $0 | $0 |
| Income requirements | $50,000 for individuals, or $80,000 for households | $50,000 for individuals, or $80,000 for households | $50,000 for individuals, or $80,000 for households |
| Spend cap | Calculated monthly: $1,000 groceries, $1,000 gas, $500 recurring payments | Tangerine does not publicly disclose specific spending caps for these categories. | Tangerine does not publicly disclose specific spending caps for these categories. |
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 Mastercard | Scenario 1 - Without Tangerine Savings Account | Scenario 2 - With a Tangerine Savings Account |
|---|---|---|---|---|
| Grocery | $600.00 | $12.00 | $12.00 | $12.00 |
| Gas/EV | $236.00 | $4.72 | $4.72 | $4.72 |
| Recurring bills | $176.00 | $3.52 | $0.88 | $3.52 |
| Transit | $110.00 | $0.55 | $0.55 | $0.55 |
| Other | $1052.00 | $10.52 | $10.52 | $10.52 |
| Total per month | $2218.00 | $31.31 | 28.67 | $31.31 |
| Avg Partner Network Cashback/Month | - | $13.52 | - | - |
| TOTAL Cashback per year | - | $537.96 | $344.04 | $375.72 |
| Fee | - | $0 | $0 | $0 |
| Cashback minus fee | - | $537.96 | $344.04 | $375.72 |
Here’s where Neo really stands out! With the Neo World Mastercard, you can earn even more cashback at the places you already shop. Thanks to over 10,000 partner stores, you get extra cashback on top of what you’re already earning. On average, Neo users are getting an extra $13.52 in cashback each month! That means more savings on things like gas, groceries, dining out, and more—putting more money back in your pocket! It’s a benefit that Tangerine just can’t keep up with.
Here are some examples 
| Neo Partner Stores | First Purchase | Afterwards | Example Spend | Cashback you get |
|---|---|---|---|---|
| Public Mobile | 50% Cashback (up to $40 back) | 2% Cashback (every $330 spent) | $47.68 | $23.84 |
| Ray Ban (Online) | 7% Cashback (up to $50 back) | 3% Cashback (every $310 spent) | $131.20 | $9.18 |
| Ashley | 6% Cashback (up to $190 back) | 5% Cashback (every $1,800 spent) | $200.00 | $12.00 |
The table above shows just a few examples you’ll probably recognize, but remember, we have thousands of partner stores!
Who should pick Neo?
Your Neo World Mastercard, offers 2% cashback on specific categories mentioned above with everything else at 0.5%, no need for a savings account, no-strings-attached rewards. While with the Tangerine World Mastercard, you earn 2% cashback on two categories, you unlock a third category if you deposit your cashback into their savings account.
While the cashback in categories look similar, Neo stands out with 10,000+ partner stores, which gives you even more cashback.
With the Neo World, you get cashback right away, while with the Tangerine World, cashback is awarded monthly.
Hope this was helpful, everyone! I’d love to hear your feedback! Don’t worry, more comparisons are coming soon!