Neo Financial Mastercard
Last updated:
No annual fee
Opens issuer website
Key Details
Annual Fee
$0
Network
mastercard
Credit Required
fair, good, newcomer
Reward Type
cashback
Rewards Earn Rates
1x
Groceries
1x
Gas
1x
Dining
0.5x
Travel
0.5x
Everything Else
Highlights
- No annual fee
- Average 5% cashback at partner retailers
- Guaranteed approval with secured option
- No minimum income requirement
Pros & Cons
Pros
- + No annual fee
- + High cashback at partner stores
- + Guaranteed approval (secured option)
- + Good for newcomers and those building credit
Cons
- – Low earn rate outside partner network
- – Partner network still growing
- – Secured card requires deposit
- – Newer fintech (less established)
Who Is This Card For?
The Neo Financial Mastercard is best suited for Canadians who prioritize no-fee, cashback, newcomers spending. With no annual fee, it's an excellent choice for anyone who wants rewards without ongoing costs. It's accessible to newcomers to Canada who don't yet have a Canadian credit history.
Benefits Breakdown
Ways to Reduce the Annual Fee
- No annual fee
- Secured option requires a refundable deposit but guarantees approval
Multi-Card Strategy
Good credit-building starter. Once score improves (6-12 months), apply for a card with better base rates like Tangerine Money-Back.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for Neo Financial MastercardAffiliate link · Disclosure
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.