How can I get the $25 cash back with the Neo Mastercard?

The $25 cash back welcome bonus is automatically credited when you are approved for the Neo Mastercard® via the Milesopedia link and complete your first eligible purchase. No high minimum amount is required: a single transaction is enough. The $25 is deposited as a reward in your Neo app, usually within the first few statement cycles following card activation.

How exactly do the Neo Mastercard rewards work?

Rather than setting predefined categories (grocery, gas, restaurants), the Neo Mastercard® relies on direct partnerships with merchants. You earn an average of 5% cash back at partner retailers, with rates reaching up to 15% on a first purchase. Well-known partners include Shell and Esso, Shoppers Drug Mart, SAQ (3%), Dollarama (3%), Best Buy (3%), and Couche-Tard (2%).

Is there an annual fee with the Neo Mastercard?

No. The Neo Mastercard® has no annual fees, and it is even possible to add an additional card at no cost for a loved one. All rewards earned on the additional card are added to your main balance. According to Milesopedia estimates, the expected value for the first year is around $109 for typical use, without any high minimum income constraints.

Is it worth combining the Neo Mastercard with the Neo Chequing account?

Yes, it's a popular combination in the Milesopedia community. The Neo Chequing account allows for bill payments and Interac e-Transfers, and offers a 0.10% interest rate on the balance, provided by Peoples Bank of Canada and CDIC-insured up to $100,000. Pairing the card with the account allows you to withdraw your rewards directly, with no fees and no external transfers.

Does the Neo Mastercard help build my credit history?

Yes. Depending on the product you are eligible for, Neo allows you to use a classic credit card or a secured credit card. By making your payments on time and maintaining responsible credit use, you can contribute to improving your credit file over time. Neo also offers tracking tools directly in its app.

Jean-Maximilien Voisine

Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries—many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.

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