Name: Neo World Elite® Mastercard – Gas & Grocery
Brand: Mastercard
Price: 149 CAD
Availability: InStock

Offer

Exclusive offer (until October 12, 2026): $100 cash back after $1,500 in eligible purchases within the first 3 months
$149 annual fee waived for the first year
5% cash back on groceries (up to $1,000/month, then 1%)
4% on recurring payments (up to $500/month, then 1%)
3% on gas and electric vehicle charging (up to $1,000/month, then 1%)
1% cash back everywhere else, with no cap
Mastercard World Elite® travel benefits: collision/damage insurance for car rentals, comprehensive travel insurance and DragonPass membership
Additional cash back at over 10,000 Neo network partners (5% on average, up to 15%)
Instant credit limit up to $30,000
Annual fee of $149
Secured option to build credit history, ideal for newcomers to Canada (same cash back rates)

Fees & Conditions

Personal Income $80,000

Household Income $150,000

Annual Fee $149

First Year Annual Fee Rebate

Foreign Transaction Fee 2.5%

Value

Calculate the rewards

Your Monthly Spending

Groceries

GAS / TRANSPORT

DINING

TRAVEL

BILLS

OTHER

Welcome Bonus

0 $

Annual Credit

Travel benefits

VIP Lounges

First Year Annual Fee Rebate

First year offer value

Rewards Earned

Annual fee

Net value

How we value points and benefits.

Advantages

Offer ends on Oct 12, 2026

Welcome Bonus amount $100 cash back + First Year Annual Fee Rebate

Minimum Spending Required $1,500

Minimum Spending Timeframe (Months) 3 month(s)

Costco

Earnings

Per dollar of purchases

All Spending 1 %

Groceries 5 %

Gas 3 %

Dining and Food delivery 1 %

Convenience Stores 1 %

Drugstores 1 %

Local Transport 1 %

Travel 1 %

Entertainment 1 %

Recurring Payments 4 %

Telecom/Internet 1 %

Streaming services 1 %

Online transactions 1 %

Office Supplies 1 %

Insurance

Travel Insurance

Travel Medical Insurance

Travel medical insurance up to 54 years old

$1,000,000

14 day(s)

Travel medical insurance up to 64 years old

Travel medical insurance 65+

Trip Cancellation Insurance

$1,000

Trip Interruption Insurance

$1,000

Common Carrier Travel Accident Insurance

$100,000

Flight Delay Insurance

$250

Delayed Baggage Insurance

$1,000

Lost/Stolen Baggage Insurance

Auto Rental Loss/Insurance

$65,000

48 day(s)

Hotel/Motel Burglary Insurance

$1,000

This section sets out the maximum coverage amounts or periods. Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.*

Other Insurance

Extended Warranty

1 year

Purchase Protection

$1,000

90 day(s)

Mobile Device Insurance

Price Protection

Our review

Exclusive offer (until October 12, 2026): $149 annual fee waived for the first year, plus $100 cash back after $1,500 in eligible purchases within the first 3 months.

Maximize your rewards with the Neo World Elite® Mastercard – Gas & Grocery. Earn up to 5% cash back on groceries, 4% on recurring payments, 3% on gas and electric vehicle charging, and 1% on everything else.

Benefit from comprehensive insurance coverage, including extended warranty, purchase protection, and travel insurance. In addition, receive a DragonPass membership for access to airport lounges worldwide.

With an instant credit limit of up to $30,000 and additional cash back at over 10,000 Neo partners, your essential spending becomes more rewarding.

Travel insurance is not available to Quebec residents. DragonPass membership is included; fees apply for each lounge visit.