The Neo World Mastercard® makes spending more rewarding with extra protection for your purchases and extended warranties. You earn cashback on your everyday essentials, like gas, groceries, and all other purchases.

The Neo World Mastercard offers both insurance protection and cashback for your purchases. Here’s how Neo’s cashback works.

Earn cashback on the categories you spend the most. The Neo World Mastercard® is available in these three cards:

To maximize your cashback, you can boost your card’s cashback rates. Go to your Rewards to view the current cashback rates for your card.

With the Neo World Mastercard, you’re covered with extended warranties and purchase protection for your eligible purchases. Add optional balance protection for a fee to protect your card balance in case of unexpected life events.

Earn cashback on recurring payments with your Neo World Mastercard® – Gas & Grocery. Go to your Rewards to view your current cashback rates.

Recurring payments are automatic payments that are charged to your Neo World Mastercard® at regular intervals (such as weekly or monthly). Examples of recurring payments include utility bills, subscriptions, and membership fees.

Any refunds will reduce or cancel the cashback earned on the recurring payment.

Cashback earned from recurring payments is limited by a monthly spend limit of $500 on recurring payments. You’ll earn 0.5% in cashback for any amount spent over $500 on recurring payments in 1 month.

¹ Cashback earned on recurring payments subject to $500 monthly spend limit. Cashback earned on a) gas and b) grocery is subject to a monthly spend limit of $1000 per category. Cashback is earned on the MCC categories, which can be found here. When the monthly spend limit is reached, the earn rate for all category payments decreases to 0.5% for Neo World Mastercard. Spend limit resets monthly. Any refunds, rebates or similar credits will reduce or cancel the cashback earned on the original recurring or one time payment. See the Neo Rewards™ Policy for details on earning cashback and other terms and conditions that apply.

² Cashback earned on a) retail shopping and b) food and drink is subject to a monthly spend limit of $500 per category. Cashback is earned on the MCC categories, which can be found here. When monthly spend limit is reached, subsequent spending in these categories earns 0.5%. Spend limit resets monthly. Any refunds, rebates, or similar credits will reduce or cancel the cashback earned on the original eligible purchase. Purchases on Amazon and wholesale are not eligible for retail shopping cashback.

³ Insurance coverage is underwritten by Chubb Insurance Company of Canada under a Group Policy issued to Neo Financial Technologies Inc. All coverage is subject to the terms, conditions, limitations and exclusions outlined in each Certificate of Insurance, and for Quebec residents, each Product Summary. Travel insurances unavailable for Quebec residents. The cost will be charged to the eligible Neo card that you signed up for the Neo Perks with. Neo, its employees and representatives are not agents of Chubb, nor can they waive or change any terms of the insurance coverage. View the full list of insurance certificates here: https://www.neofinancial.com/legal/plans.