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. To view the benefits on your card, go to your Perks.
Rewards on your Neo World Mastercard
The Neo World Mastercard offers both insurance protection and cashback for your purchases. Here’s how Neo’s cashback works.
Cashback
Earn cashback on gas, groceries, recurring bill payments, and all other purchases. 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.
Purchase protection
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.
Cashback on recurring payments
Earn cashback on recurring payments with your Neo World Mastercard®. 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.
Not all scheduled charges are considered recurring payments. If the merchant doesn't classify a transaction as recurring (even if the charge is recurring), you won't receive the additional cashback. Neo isn’t able to reclassify these charges as recurring. 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.
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.