Neo World Elite Mastercard cashback rate, cap and annual fee
Neo World Elite Mastercard pays 7% at with $10,000+ in a Neo everyday account, and 9 other rates. The card costs CAD 149 a year.
This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.
Neo Financial · Canada · catalogue v107
Read from Neo Financial's own published terms on 28 Oct 2026.
What it pays, by category
| Spending | Rate | Monthly cap |
|---|---|---|
| with $10,000+ in a Neo everyday accountgroceries | 7.00% | —7% on groceries with $10,000 or more in a Neo everyday account, on up to $1,000 a month. |
| with $5,000+ in a Neo everyday accountgroceries | 6.00% | —6% on groceries with $5,000 or more in a Neo everyday account, on up to $1,000 a month. |
| groceries | 5.00% | —5% on groceries, on up to $1,000 a month. |
| recurring payments, with $10,000+ in a Neo everyday accounteverything else | 5.00% | —5% on recurring payments with $10,000 or more in a Neo everyday account, on up to $500 a month. |
| recurring payments, with $5,000+ in a Neo everyday accounteverything else | 4.50% | —4.5% on recurring payments with $5,000 or more in a Neo everyday account, on up to $500 a month. |
| recurring paymentseverything else | 4.00% | —4% on recurring bill payments (phone, streaming and the like), on up to $500 a month. |
| with $10,000+ in a Neo everyday accountfuel | 4.00% | —4% on gas and EV charging with $10,000 or more in a Neo everyday account, on up to $1,000 a month. |
| with $5,000+ in a Neo everyday accountfuel | 3.50% | —3.5% on gas and EV charging with $5,000 or more in a Neo everyday account, on up to $1,000 a month. |
| fuel | 3.00% | —3% on gas and EV charging, on up to $1,000 a month. |
| everything else | 1.00% | —1% on everything else. |
Questions people ask
What cashback does the Neo World Elite Mastercard pay?
7% at with $10,000+ in a Neo everyday account, and 9 other rates.
Is there a cap on the Neo World Elite Mastercard?
No monthly cap is published on the rates shown here.
What is the annual fee on the Neo World Elite Mastercard?
CAD 149 a year.
Knowing the rate is not the same as remembering it
PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.
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