Independent ClearFin review · Neo Financial
Full earn rates, fees and benefits for the Neo Mastercard.
Offers can change without notice
Confirm with the issuer
🚀 No-Fee FintechIts strongest published earn rate in our data is 1.0% on groceries. With no annual fee, it can be easier to keep long term without needing rewards to offset a yearly cost.
Checked 2026-08-09 · Official issuer catalogueIssuer promotions change frequently. Check the card's official page before applying.
Confirm final approval criteria and current rates directly with the issuer.
The Neo Mastercard is designed for a wide range of applicants, including those building or rebuilding credit through its secured credit option. Applicants may qualify regardless of income level or prior credit experience.
ClearFin estimate on Canada's 300–900 scale. This is not an issuer cutoff or approval guarantee; lenders may use different bureau scores and underwriting criteria. Neo Financial does not publish a minimum credit score requirement. Approval is based on factors such as credit history, income, debt obligations, payment history, and overall creditworthiness. Applicants who do not qualify for the traditional card may be offered a secured credit version.
Reward limits: Neo does not publish any annual, monthly, or category spending caps on its standard earn structure. Cardholders earn 1% cashback on eligible gas and grocery purchases, while cashback offers at over 10,000 Neo partners vary by merchant and promotion. No earning caps are disclosed on the base cashback rates.
Redemption values and availability may vary by option and can change.
Redeem earned cash rewards using the issuer's available cash-back or statement-credit options.
Minimum redemption amounts, automatic payout timing, and eligible account credits vary by issuer; confirm the current program terms before applying.
Consider these extras by the value they add to purchases and experiences you already use.
Instant Virtual Card
Start using your card immediately for eligible purchases before the physical card arrives.
Credit Building Option
Available with a secured credit limit option to help build or rebuild credit history.
Mastercard Zero Liability
Protection against unauthorized transactions made with your card.
Real-Time Alerts
Receive instant notifications whenever your card is used.
Advanced Fraud Monitoring
AI-powered monitoring helps detect unusual activity while protecting your personal information.
Card Management Tools
Freeze your card, view your PIN, track spending, and manage your account through the Neo app.
Additional Cardholder
Add an additional cardholder at no extra cost.
Auto-Pay
Set up automatic payments to help avoid missed payments.
Purchase Protection
Coverage for eligible purchases against theft, loss, or accidental damage, including extended warranty benefits.
No included coverage is verified in ClearFin's current catalogue.
This does not prove that coverage is unavailable. Confirm the issuer's current certificate and benefit guide before relying on protection.
Check the official card page ↗What we like
Worth noting
A practical reading of where the card earns, what the fee buys, and which limits matter.
1% cashback on groceries & gas. Variable cashback at Neo partner merchants. No annual fee.
Groceries, Gas receive the strongest estimated return at 1.0%. Purchases outside the accelerated categories earn an estimated 0.50%.
There is no annual fee to recover, which can make the card easier to keep for credit-history length or occasional use. Interest and other transaction fees can still apply.
This card is most relevant for someone who spends consistently on groceries and gas and prefers to avoid a yearly fee.
Compare the purchase interest rate, foreign-transaction fee, approval requirements, reward limits, and insurance certificates. Pay particular attention to merchant-category rules because a store may not receive the reward rate its products appear to suggest.
Issuer terms apply. ClearFin is not affiliated with this provider. How we make money. Card facts were checked against the issuer's official source. The issuer's current catalogue was checked. Any field not explicitly listed remains marked as unverified rather than estimated.
