Learn more about Neo’s no-fee Credit Card and know how you can apply!
If you live in Canada and are looking for an instant approval card with no annual fees, the Neo No-Fee Mastercard Credit Card is the perfect choice for you! It is a cash back credit card, made for people who want to obtain a payment method with a great limit for everyday purchases, but also recieve money for spending.
This is a credit card that is able to compete against some of the top cash back cards in Canada, offering a great solution for people who are actively looking for an option within many available cash back cards out there. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Neo’s Mastercard Credit Card?
- No annual or montly fees;
- Get up to 15% cash back on first-time purchases at participating partners;
- Earn 1% cash back on gas and grocery;
- Earn at least 0.5% cash back guaranteed on net purchases, after meeting a minimum spending requirement (up to $50 per month);
- Earn 5% average cash back at over 10,000 Neo retail partners (earn rates vary by offer and partner):
- 5% average cashback at restaurants, bars and cafes;
- 3% on popular streaming services;
- 3% on ride sharing services;
- 3% on food delivery services;
- 2%+ at retail partners (both online and in-store).
- Use a virtual card while waiting for the physical to arrive;
- Freeze and unfreeze credit cards in a single tap;
- Protect your account with Face ID, fingerprint lock, and two-factor authentication;
- Choose from multiple monthly rewards subscriptions for purchase security, extended warranty, travel insurance, fitness and mindfulness classes.
Keep in mind that, the rewards can be redeemed at any time or for any amount, you don’t have to wait for an annual credit or a minimum balance threshold like some other cash back cards.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| 5% average cash back |
No basic insurance or benefits
|
| Earn unlimited cash-back rewards with no earning caps |
Cash back rewards are limited to Neo retail partners
|
| No annual fees |
Purchase interest rates for Neo credit cards reach as high as 29.99%
|
How do I apply for the Neo Mastercard Credit Card?
To be eligible for this credit card, all you need is to be at least the age of majority and a Canadian resident, also your credit score has to be 600 or above. Click on the button bellow and apply today!